Talk about the most promising cryptocoins of late and Binance Coin (BNB) certainly tops the chart with élan. Launched by the biggest crypto exchange Binance, BNB runs on its own native Binance Chain which speaks of high stability and security. In fact, the coin has witnessed a massive increase in its value in the middle quarter of this year and is reportedly the hottest cryptocoin at present. I felt the coin would be quite a thing when, despite being a new entrant,  it flipped both XLM and TRX and conquered Tether (USDT) to grab the 7^th spot.

Super-fast block confirmation

Currently the 8^th top cryptocurrency in the world, BNB was launched couple of years back in 2017. What I especially love about the Binance Coin is its super speedy block confirmation time. It’s powered by one of the strongest blockchains in the world. And when you have the backing of a platform as big as Binance exchange, the results will always be massive. The Binance Chain promises block confirmation in just a second.

Compatibility with multiple cryptocurrencies

Binance Coin can be traded for more than 150 cryptocurrencies as of now. Binance extends varied trading pairs for BNB so that traders can choose a one as per their specific needs and preferences.

Discounted fees

As BNB is the native token of Binance exchange, traders enjoy discounted fees when they trade with Binance Coin on the leading exchange. Apart from trading fees, BNB can be used to pay all the other fees like listing fees, exchange fees and so on. The coin was launched with 50 percent discount on the trading fees for the Binance traders. The percentage of discount reduces each year. As of 2019, the discount is around 12.5 percent.

Versatile use cases

One thing for sure, CZ (Binance CEO) is doing a great job to bring Binance Coin and cryptocurrency in general in the mainstream economy.  BNB today isn’t only limited to trading on the Binance exchange. Rather, you can use it as a regular payment option for a wealth of things- ranging from travel expenses to booking flight to purchasing virtual gifts to shopping with credit card and so on.

A quick glance at CZ’s tweets will reveal multiple use cases for BNB. One of his latest tweets talks about the ability to use BNB to tokenize music IP on Binance Chain.  You can also use the token for gaming. As per one of CZ’s latest retweets, a BNB user has given BNB coins to a dear friend as a wedding gift.  And that’s a great thing no doubt. With new coins like Binance fast becoming regular payment medium, they are paving the way for the cryptocurrency industry in general to become a major part of our everyday payment ecosystem.

Now, it’s true that CZ’s tweets are really crazy sometimes. But, you can’t deny the fact that he is taking Binance coin to places. Let’s hope that he focuses more on BNB from now on because this coin is truly one coin which the whole crypto space wants to stay and scale up.

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