What are the benefits of using Binance Coin?

The Binance Coin (BNB) is a cryptocurrency created by the popular cryptocurrency exchange Binance.

It is used to pay for fees on the exchange, such as trading fees, withdrawal fees, and listing fees. BNB also provides users with access to exclusive features and discounts on the platform. The main benefit of using Binance Coin is that it allows users to save money when trading on the platform.

When paying for fees with BNB, users receive a 25% discount on their transaction costs. This discount applies to all types of transactions, including spot trading, margin trading, and futures trading. This makes it an attractive option for traders who are looking to save money while trading on the platform.

In addition to providing discounts on transaction costs, BNB also provides users with access to exclusive features and services. For example, holders of BNB can participate in Initial Exchange Offerings (IEOs) hosted by Binance Launchpad. These IEOs offer users the chance to purchase tokens from new projects before they are listed on other exchanges.

Additionally, holders of BNB can vote in community polls which help determine which projects will be listed on the exchange. Finally, holding BNB also gives users access to various rewards programs offered by the exchange. These rewards programs offer users a variety of benefits such as discounted trading fees and free tokens from new projects listed on the exchange.