Binance Chain focuses on trading and transferring blockchain assets. The centralized and decentralized exchanges co-exist and complement one another. With Binance carrying out the research ahead of approving an initial coin offering for the Binance Launchpad, investors are able to invest into an ICO using either Ether or Binance Coin.īinance Info: Provides underlying information on each individual coins, including price volumes, prices, market caps, circulation supplies, in addition to news feeds relating to the respective coins and white papers.īinance Exchange: Binance offers a centralized exchange platform and a decentralized exchange driven by a public blockchain called Binance Chain, with Binance Coin native to its blockchain having previously been an ERC20 token run on the Ethereum network. Collaborate with industry partners and participate as LP.īinance Launchpad: Allows initial coin offerings to go straight to market that is not only a positive for the more viable projects and start-ups that Binance is willing to approve for Launchpad, but also increases the number of tokens/coins available on the Binance exchange.Incubation of entrepreneurs and projects.Unlike a vast majority of cryptocurrencies, Binance has a Binance Coin buy-back and destroy scheme, where Binance will use 20% of its quarterly profits to buy back a total 50% of all BNB coins over time, equivalent to 100 million coins, to leave 100 million Binance Coins in circulation.īinance was founded in September 2015 by Binance CEO Changpeng Zhao, with 200 million Binance Coins issued at launch.īinance has a blockchain ecosystem comprised of Exchange, Labs, Launchpad and Info, and is also considered to be one of the world’s largest cryptocurrency exchanges.īinance Labs: A social impact fund and initiative to incubate, invest and empower blockchain and cryptocurrency entrepreneurs, projects and communities. Binance Coins can also be used to invest in ICOs launched on Binance Launchpad.Īdditional uses of Binance Coin include the ability to purchase virtual gifts and use Binance Coin with Monaco mobile app or Monaco Visa card. Uses of Binance Coin include payment for exchange fees stemming from trading fees and withdrawal fees charged by Binance exchange. Here is a list of our partners.Binance Coin is the cryptocurrency fuelled by Binance, a cryptocurrency exchange that provides a platform for the trading of cryptocurrency – cryptocurrency trading. Our partners cannot pay us to guarantee favorable reviews of their products or services. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. So how do we make money? Our partners compensate us. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward - and free. We believe everyone should be able to make financial decisions with confidence. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. They are not intended to provide investment advice. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. is an independent publisher and comparison service, not an investment advisor.
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