What do you know about Binance Coin?

Trading with cryptocurrency is the beginning of a never-ending learning process, because while at first you try to learn the basics, later on you can start to dive into the finer details, the so-called subtleties, such as Binance Coin.

As the whole system is constantly being developed, improved and refined, you can never sit back and think you know everything. Of course, this is tempting for many people, as not everyone wants a boring and predictable framework, or even to invest in currencies that can be influenced by countries and politicians.

Why should you mine cryptocurrency?

Although it may seem dauntingly complicated at first, mining and trading cryptocurrency is not.

On the one hand, it requires nothing more than installing certain programs, and on the other hand, you can automate the process  with the help of various bots, so you don't even have to sit in front of your computer all day to make money, which means you can create an excellent passive income stream for yourself!

A huge advantage is that this currency is completely independent from any power, so you don't have to worry about political elections, decisions or power struggles that could bring down or negatively affect the cryptocurrency market.

Equally important is the transparency, so you don't have to worry about fraud or embezzlement, as blockchains make the system completely transparent, with all prior transactions being tracked.

Although most people identify cryptocurrency with bitcoin, it's worth knowing that it's not the only cryptocurrency, so feel free to consider Binance Coin!

How is Binance Coin different?

But first of all, let's be clear about what Binance Coin is.

It's a cryptocurrency issued by Binance, one of the world's largest crypto exchanges, and you can use it for both trading and fees, and you can even use it to buy shares, lottery tickets and even convert it into other currencies, so there's really no risk involved!

Since a finite number of Binance Coins are issued, half of them are burned every quarter, so their value keeps increasing. Although the number of Binance Coins decreases due to burning, new Binance Coins are always being traded, so it's definitely worth starting to trade them and of course mine them!

The only downside of this cryptocurrency is that, unlike bitcoin, the Binance board of directors controls its fate, so it is not a decentralised community like bitcoin.

Pay with cryptocurrency yourself!

As cryptocurrencies are accepted in more and more places around the world, you can now book flights, hotels and even make credit card transactions with Binance Coin at almost 150 acceptance points worldwide.

If your fingers are already glowing but you still have a few questions, don't hesitate to click: in addition to our YouTube videos, blog posts and knowledge base, we can turn you into a professional bitcoin or Binance Coin miner and trader with personal consultations and training. Are you ready for this fantastic and exciting adventure?