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Binance Coin
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FAQ
Frequently asked questions
Binance Coin is worth buying due to some of its unique usages compared to other cryptocurrencies and its offering of great features that other coins don’t have yet. For example, the Binance Visa card project could greatly increase the adoption of BNB. Since it converts BNB cryptocurrency into fiat when used for payment, this special feature could make BNB more popular. Also, this digital asset has a very high volume of daily transactions. However, perhaps the best value of Binance Coin these days is that it could eventually replace Ethereum because it is cheaper. With Ethereum fees increasing in February 2021, many developers have switched to the Binance Smart Network (BSC), leading to an increase of BNB value.
PayPal as a payment platform is secure, easy to use, and fast to finalize. Its main advantages rely on security as it gives an extra level of fraud prevention. It also encrypts your bank or credit card information to keep it safe.
Initiator and CEO of Binance is Changpeng Zhao. Zhao joined Bloomberg in 2001 as the director of tradebook futures development. After working for the business for four years, he eventually became a partner at Fusion Systems. With blockchain technology and cryptocurrencies, Changpeng Zhao has been actively involved since 2013. He started BijieTech in 2015 and later rose to the position of head of development at Blockchain. Zhao formally established Binance in 2017 and has served as its CEO ever since. He Yi is the chief marketing officer and a co-founder of Binance.
Digital currency traders do not have to pay fees for their transactions using the PayPal payment system. Also, digital currency users can convert their digital currency balance to fiat currency easily and without additional costs. Plus, no exchange fees are charged for cryptocurrency transactions on our exchange.
In this blockchain, the main feature is high speed and the ability to manage a large volume of transactions. Its next priorities are adding new features. Binance blockchain can manage and support thousands of transactions per second, and also within one second, a block is created in this blockchain. The Binance blockchain has increased the speed of transactions by considering a limited number of validators.
With a verified PayPal account, you can send up to $60,000 per transaction. You’ll also have no limits on how much money you can send from your account overall. There’s also a standard limit of 30 transactions per day.
