Matt Odell is the co-founder of CoinPrices, a site that delivers news and analysis on cryptocurrencies.
Binance Coin is a token issued by the Binance exchange. Binance coin allows holders to pay for fees at discounted rates on Binance.
All Binance Coin reviews by expert Matt Odell.
on Binance Coin
Co-founder of CoinPrices
BNB is a centralized security token for an exchange that is actively breaking US laws. You also have to trust that binance is reporting their financials accurately.
BNB could become worthless without warning due to gov action, exit scam, fraud, or theft.
BNB kind of makes sense if you trust Binance, but that's a big if. They essentially redistribute profits by burning BNB coins equivalent to 20% of their quarterly profit.