Introduction: Binance created its token coin, called the Binance Coin (BNB). It has a limit of 200MM BNB that will be created, never to be increased.
So, what it does?: You can use BNB to pay for any fees on the platform, including but not limited to:
- Exchange fees
- Withdraw fees
- Listing fees
- Any other fee
Let's see a table
Steps to do it:
1- Go here https://www.binance.com/userCenter/myAccount.html
2- In the top left corner you need to set up ON the "Using BNB to pay for fees"
And that's all :)
Conclusion: BNB is a coin that not many people know, it's really heapfull if you are a Binance investor, you don't lose anything using this coin and you can save a lot of money with their fees reduction.
I hope this post had interesting to eveyone, i'm going to keep sharing tips about cryptocurrencys and exchanges.
Have a nice day friends!