What currency is bnb What is bnb?
Jul 04, 2025 pm 12:18 PMThis article will introduce the core values ??and uses of BNB (Binance Coin) in detail, and sort out a list of top cryptocurrency exchanges for you. With this guide, you can have a clear understanding of what BNB is and where reliable platforms can be traded and invested.
What is BNB
BNB, full name Binance Coin, was originally a platform token issued by Binance Exchange. With the development of the Binance ecosystem, BNB has evolved into a native functional token of BNB Chain (including BNB smart chain and BNB beacon chain), and its purpose is far beyond the original idea.
Main uses include:
Transaction fee discount: On Binance Exchange, you can enjoy discounts when paying transaction fees using BNB.
BNB Chain Fuel: As a Gas fee for BNB Smart Chain (BSC), it is used to pay for network operations such as transfer and performing smart contracts.
Participate in Launchpad: Holding BNB can participate in the New Coin Issuance (IEO) on Binance Launchpad to gain opportunities to invest in early stage projects.
Payment and Consumption: Globally, more and more online and offline merchants accept BNB as a payment method.
Top cryptocurrency exchange recommendations
Choosing a safe, reliable and powerful exchange is the first step into the crypto world. The following is the ranking of top exchanges that take into account transaction volume, security, user experience and asset types.
1. Binance
As the world's largest cryptocurrency exchange, Binance is the preferred platform for trading BNB. It is not only the issuer of BNB, but also has the deepest liquidity of BNB trading pairs. The platform provides a variety of trading products such as spot, futures, options, etc., and its ecosystem (BNB Chain, Launchpad) provides strong value support for BNB.
2. Ouyi (OKX)
OKX is another world-leading cryptocurrency exchange known for its comprehensive product line and strong technical strength. The platform offers transactions in hundreds of cryptocurrencies, including BNB. Its Web3 account and financial service functions are very complete, providing users with a one-stop crypto financial experience.
3. Huobi
Huobi is a long-standing exchange with a huge Asian user base. The platform is known for its robust operation and good security. Huobi has listed mainstream and emerging crypto assets including BNB, providing a wealth of trading pairs and financial derivatives.
4. Gate.io (Sesame Open Door)
Gate.io is known for its massive currency selection and is known as the "treasure of altcoins". In addition to mainstream assets such as BNB, users can find many early and promising new projects here. Gate.io is an excellent choice for investors looking to explore a wider range of crypto assets.
5. KuCoin
KuCoin is also popular for its rich currency and user-friendly interface. It is called "the people's exchange" by many because it often lists emerging projects with potential. The platform also supports BNB's trading and provides a variety of financial management and trading tools.
6. Kraken (K.com)
Kraken is one of the oldest and most respected exchanges in the cryptocurrency field, and enjoys a high reputation in the European and American markets. It is known for its top-notch security measures and compliance and is ideal for security-first investors. The platform provides BNB transactions and gains user trust for its reliability.
The above is the detailed content of What currency is bnb What is bnb?. For more information, please follow other related articles on the PHP Chinese website!

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Yes, you can get USDT for free in the following 5 ways: 1. Participate in airdrop tasks on mainstream exchanges, such as registering and giving away, completing novice tasks, and inviting friends to get rewards; 2. Join the blockchain project community and obtain airdrops through Web3 social platform or Twitter/Discord interaction; 3. Participate in the "test network" activity, register the test chain address and simulate the use of DApp to get incentives; 4. Complete tasks on the cryptocurrency navigation platform to receive novice gift packages, participate in sign-in, lottery and other activities; 5. Interact with the content creation and community, and publish original content to obtain USDT rewards from the project party. At the same time, you need to pay attention to security risks, do not fill in private keys, do not believe in scams, and choose mainstream platforms to participate.

The duration of the airdrop dividend is uncertain, but the LayerZero, StarkNet and ZK ecosystems still have long-term value. 1. LayerZero achieves cross-chain interoperability through lightweight protocols; 2. StarkNet provides efficient and low-cost Ethereum L2 expansion solutions based on ZK-STARKs technology; 3. ZK ecosystem (such as zkSync, Scroll, etc.) expands the application of zero-knowledge proof in scaling and privacy protection; 4. Participation methods include the use of bridging tools, interactive DApps, participating test networks, pledged assets, etc., aiming to experience the next generation of blockchain infrastructure in advance and strive for potential airdrop opportunities.

USDT is not a scam, but there are risks. 1. Tether provides liquidity in the crypto market by issuing USDT, a stablecoin anchored by the US dollar; 2. The company's background is related to Bitfinex, and has been fined for audit issues but has increased transparency; 3. The reserve assets are mainly US Treasury bonds rather than pure cash, and there are certain financial risks; 4. Face risks such as insufficient audit frequency, centralized control and compliance restrictions; 5. The USDT market is highly accepted, but trust needs to be based on continuous disclosure and compliance operations. Overall, USDT is trustworthy but does not equal zero risk, and users should be cautious.

Is DAI suitable for long-term holding? The answer depends on individual needs and risk preferences. 1. DAI is a decentralized stablecoin, generated by excessive collateral for crypto assets, suitable for users who pursue censorship resistance and transparency; 2. Its stability is slightly inferior to USDC, and may experience slight deansal due to collateral fluctuations; 3. Applicable to lending, pledge and governance scenarios in the DeFi ecosystem; 4. Pay attention to the upgrade and governance risks of MakerDAO system. If you pursue high stability and compliance guarantees, it is recommended to choose USDC; if you attach importance to the concept of decentralization and actively participate in DeFi applications, DAI has long-term value. The combination of the two can also improve the security and flexibility of asset allocation.

To transfer USDT to the exchange for transactions, you must first confirm that the chain type matches, the address is correct, and complete real-name authentication. 1. Register and authenticate the mainstream exchange account with real name; 2. Confirm that the wallet is consistent with the USDT chain type of the exchange (such as TRC20); 3. Obtain the recharge address of the corresponding chain on the exchange and copy it accurately; 4. Initiate transfers from the wallet and pay the corresponding handling fee; 5. After arrival, you can trade in the spot or contract market; 6. Pay attention to checking the address, avoid transferring to the contract address, and give priority to low-processing networks. The entire process is usually completed in minutes, ensuring operational safety is key.

DAI is suitable for users who attach importance to the concept of decentralization, actively participate in the DeFi ecosystem, need cross-chain asset liquidity, and pursue asset transparency and autonomy. 1. Supporters of the decentralization concept trust smart contracts and community governance; 2. DeFi users can be used for lending, pledge, and liquidity mining; 3. Cross-chain users can achieve flexible transfer of multi-chain assets; 4. Governance participants can influence system decisions through voting. Its main scenarios include decentralized lending, asset hedging, liquidity mining, cross-border payments and community governance. At the same time, it is necessary to pay attention to system risks, mortgage fluctuations risks and technical threshold issues.

USDT cash exchange needs to be operated through a trading platform that supports fiat currency withdrawal. 1. Prepare a trading platform account that supports fiat currency withdrawal (such as Binance, Ouyi, Huobi, etc.); 2. Complete KYC real-name authentication; 3. Bind bank cards or Alipay and other payment methods; 4. Log in to the account and ensure that USDT is in the fund account or spot account; 5. Enter the OTC or fiat currency area and choose to sell USDT; 6. Set the sales amount and match the buyer; 7. After confirming the other party’s payment, click “Confirm Coin Delivery” to complete the transaction. Withdrawal methods include OTC fiat currency transactions, bank card withdrawals and third-party payments, among which OTC is more efficient. Notes include making sure to verify that the money is received before releasing, avoiding frequent large withdrawals, and contacting customer service in time when encountering abnormalities. The key to the entire process is to choose

USDT is not suitable as a traditional value-added asset investment, but can be used as an instrumental asset to participate in financial management. 1. The USDT price is anchored to the US dollar and does not have room for appreciation. It is mainly suitable for trading, payment and risk aversion; 2. Suitable for risk aversion investors, arbitrage traders and investors waiting for entry opportunities; 3. Stable returns can be obtained through DeFi pledge, CeFi currency deposit, liquidity provision, etc.; 4. Be wary of centralized risks, regulatory changes and counterfeit currency risks; 5. In summary, USDT is a good risk aversion and transitional asset. If you pursue stable returns, it should be combined with its use in financial management scenarios, rather than expecting its own appreciation.