BNB, or Binance Coin, is the native coin of Binance Chain. It’s a utility token/cryptocurrency created by Binance to power it’s ecosystem. The token has multiple use cases: from fueling transactions on the Chain to paying for transaction fees on Binance Exchange, and many more.
The Various Ways You Can Use BNB
This a comprehensive list of the functions of BNB token
Where you can use BNB
1. To pay trading fees:
With BNB you can receive a 25% discount on trading fees when using Binance. Click here to create a Binance account if you don’t have one.
2. Pay travel expenses
With BNB you can travel the world and pay with BNB at merchants in Australia using TravelbyBit.
3. Pay by credit card
BNB can be used to pay your Crypto.com credit card bill.
4. Buy virtual gifts
You can use BNB to buy virtual gifts on live video streaming platform
Gifto
5. Pay via XPOS
You can use the Binance native token to purchase anything from stores that use the XPOS device by Pundi X
6. Pay in BNB
7. Use BNB on auction
Use BNB to participate in the auction of virtual world spaces on Decentraland’s.
8. Split bills and expenses
Settle small debts with friends and family using BNB on
Lndr
9. Unlock liquidity from your BNB
You can take a loan using BNB as collateral on
ETHLend
10. Trade Stocks
Use BNB to invest into +750 financial instruments like Stocks & ETFs on
Naga
11. Pay in BNB
12 Purchasing and selling BNB with USD
Purchasing and selling BNB with USD from an FDIC insured bank account-
MetalPay
13. Be rewarded BNB in game
14. Earn BNB by completing tasks
Earn BNB by completing surveys and tasks in
StormPlay
Booking 450,000 hotels and homestays worldwide on
Tripio using BNB
If you still need more ways to use the Binance BNB token, read through this detailed article on the Binance Blog.
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