Where BinanceCoin is Accepted Locally and Globally
BNB is the coin of the realm on the world’s most popular crypto exchange platform, Binance. As a crypto technology, it competes with Ethereum as a utility token. It’s accepted by +400 businesses; from Estonian postage services to Floridian CBD and everything in between.
Who accepts BinanceCoin
Being the third most popular cryptocurrency by market cap I’m surprised that not more real-world businesses accept it as payment.
With Ethereum fees stratospheric, more will turn to BNB which offers similar functions. Binance buys back and burns outstanding BNB, making it somewhat deflationary. BNB can be used to pay discounted trading fees on the Binance. So if you’re going to day or swing trade crypto it makes some sense to have some.
Bitcoin Exchange | Cryptocurrency Exchange | Binance
Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the…
For hedge-against-inflation HODLers, economic revolutionaries, and financial prepper Bitcoin or gold-backed crypto are a better bet. Binance itself is kind of like God, we know it exists, it’s powerful — but apparently, nobody really knows where they are based in the world. And crypto-nerds argue that it’s not a truly decentralized technology, like Ethereum, even though this keeps fees reasonable. If you’re interested in the smart chain technology or an active user of the Binance platform BNB belongs in your portfolio.
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
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In our view, there are fundamentally two different types of exchanges: the ones that deal with fiat currency; and the ones that deal purely in crypto. It is the latter one that we will focus on. Even though they are small now, we strongly believe that pure crypto exchanges will be bigger, many times bigger, than fiat based exchanges in the near future. They will play an ever more important role in world finance and we call this new paradigm Binance; Binary Finance.
With your help, Binance will build a world-class crypto exchange, powering the future of crypto finance.
From the Binance Coin Whitepaper
The Binance Coin (BNB) Along with the launch of the exchange, Binance launched an ICO. BNB is an ERC20 token built on Ethereum. The total supply is limited to 200 million BNB, after which no more coins will be created. You can use BNB to pay your fees on the Binance exchange.