aemma
Copper Member
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Activity: 966
Merit: 14
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October 21, 2020, 05:56:35 PM |
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Binance give you so many options for your BNB and I really don't know which is the best one to use right now so thought it would be best to ask you all.
I currently have mine in a savings account and it was nice to earn some passive income through WING, BEL and SXP but is there a better option out there?
You have yours in savings account, you mean holding? Just hearing this for the first time I must confess, I hardly hold the coin nowadays. Well one of the things you can do with BNB is using it for trading fees, it can also be used for gas fees when sending any token based on the Binance chain. Also, one of the prominent things people do with BNB is for IEO, holding a certain number of BNB affords holders the opportunity to participate in Binance IEOs. In addition, considering the efforts made so far by the Binance team to ensure their coin gets the best of attention and growth, I would say you made a great choice in holding it. Also, about the incentives you get from holding BNB, I think I will research more on that as well.
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flagpara
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October 21, 2020, 07:20:02 PM Last edit: October 21, 2020, 07:32:54 PM by flagpara |
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Binance give you so many options for your BNB and I really don't know which is the best one to use right now so thought it would be best to ask you all.
I currently have mine in a savings account and it was nice to earn some passive income through WING, BEL and SXP but is there a better option out there?
I already got SXP rewards for holding Binance coins in the Binance exchange. Binance chain is my favorite because of its low cost. But I don't like Binance dex. By decreasing other coins' value, Binance coins are increasing the price. What I want to say, this isn't actual demand that is currently seen on the Binance coin.
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tvplus006
Legendary
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Activity: 2478
Merit: 1945
To the Moon
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October 21, 2020, 08:18:27 PM |
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Hold is the right word for BNB holders, but the program offered on Binance saving makes us interested and I am also interested, I hold and put BNB in binance saving, I think this is what BNB holders should do, don't sell it cheaply . im sure BNB can reach $100 in altcoin season, to the moon Of course, the price of BNB can reach $ 100, but then how much will BTC cost? But we must admit that this is one of those coins that did not fall much in price, compared to other altcoins from their top value. So it turns out that BNB is a good coin, but do not forget that it depends on the Binance exchange and CZ.
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bitkanu
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October 21, 2020, 11:45:35 PM |
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I own BNB to join selfdrop DeFi project, during this month many projects have to send BNB to get their tokens. I hold the BNB to take advantage of the DeFi moment, this is very useful for adding some BNBs to fill my wallet.
I have also participated in the defi pool too. There are so many things that can be done with binance coin and it's also the users will be able to get another airdrop from the binance smart chain too. It's also the capital return is still applying to the BNB coin even some people were buying BNB at a cheap price is getting the best moment in their life right now. Everyone is still focusing int he launch pool.
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Coroline
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October 22, 2020, 04:15:03 AM |
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I use 100% BNB for short trading purposes, because BNB prices are very volatile, it's easier to get opportunities. We know that Binance is there for every hype, from ICO, IEO, DeFi and the last time I saw it was BSCSwap You can use this strategy to survive and save money Whereas my biggest backup is from bitcoin by storing it for the long term.
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sharos
Jr. Member
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Activity: 559
Merit: 4
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October 22, 2020, 04:44:14 AM |
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I am using BNB only for pay trading fee and sending tokens actually. Sometime, I buy coins using BNB, when i see price is low in BNB market from other markets.
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luckyflop
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October 22, 2020, 05:35:26 AM |
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BNB now got so many useful benefits, the best of them are launchpool and launchpad , where you can farm another coin by BNB , So far it has been $Bella and $venus in launchpool and they have been multiple when they added into the binance , I think using BNB makes you pay less fee especially in leverage trading also.
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Anarchy101
Legendary
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Activity: 1316
Merit: 1004
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October 22, 2020, 05:45:33 AM |
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I have divided my BNB into a few parts. 75% is kept into the launchpool to farm the new tokens. I keep 20% of BNB for trading purposes and, the remaining BNB I keep them safe to pay for fees.
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Warkop
Sr. Member
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Activity: 1302
Merit: 270
Vave.com - Crypto Casino
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October 22, 2020, 07:32:03 AM |
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When I was trading on Binance I chose to buy BNB, maybe I saw BNB as very good for long-term and short-term trading, because I saw BNB volume is very good and I made a profit from trading with BNB. I think that apart from BNB, XLM is also good for long-term and short-term trading because both Altcoins are very good, but it all depends on how you have to choose them, because everyone's choices and thoughts are very different.
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bitcampaign
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Activity: 1946
Merit: 268
Vave.com - Crypto Casino
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October 22, 2020, 07:35:19 AM |
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i just keep it in my account at binance, of course for long term investment as well as my friend recommended, i haven't done anything on my BNB, even though there are many options there for staking and others, but I'm not interested in doing that yet
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Ayiranorea
Sr. Member
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Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
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October 22, 2020, 01:06:32 PM |
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Binance being the leader of cryptocurrency exchange services the growth of BNB will be promised. Apart from this there are regular competition and more earning opportunities were also provided. Now the passive earning through staking has attracted more people prefer BNB than other similar assets due to the trust Binance exchange has gained. Most of the projects launched through Binance has given good return, and BNB being the pair for investing/buying those tokens adds more value to BNB.
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samcrypto
Sr. Member
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Activity: 2044
Merit: 314
Vave.com - Crypto Casino
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October 22, 2020, 01:28:52 PM |
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I’m just holding my BNB and no plans of staking it in the future, I’m just waiting for my target selling price and I’m done with it. We should not attached too much emotion on every coin that we have, we should always focus on the target price. Yes, BNB made a lot of option for us now its our choice whether to hold, to stake, or to trade but I always go for the most liquidity.
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bitcoin31
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October 22, 2020, 01:40:39 PM |
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Bnb is one of the favorite token of the crypto investors you why ? Because the Binance exchange is good trading sites and very trusted and it's good to trade there many coins and have different features. I suggest to your BNB token is better to hold it for more years because I believe it will turn into $100 each or maybe the maximum value is $1000 and once it happen you will get a lot of profit.
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Reid
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October 22, 2020, 02:28:59 PM |
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Is BNB and BSC has the same value?
It's easier for me to identify BSC like ERC-20. Binance Smart Chain like Ethereum Network. I don't know if a coin BSC exists. To OP. I prefer holding it for a long time. Obviously, they are updated with every event that is happening in the cryptocurrency industry and that means a lot. First is creating BSC that made a lot of hype and some coins are now swapping to them (from ERC-20) for cheap and faster transactions.
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Sebas.tian
Full Member
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Activity: 2198
Merit: 184
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October 22, 2020, 02:46:45 PM |
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Literally I used the BNB for staking of my coins in binance exchange for good passive income. Since I staked my coins on their cryptocurrency platform I have earned such a handsome income which I want others to venture into. This coin is a multivational coin which it use can't be emphasize, the best is yet to be seen with this coin called BNB.
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gunungkembar
Member
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Activity: 580
Merit: 43
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October 22, 2020, 02:47:00 PM |
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Once a month, I always add to my BNB stock in my cold wallet and I will keep on holding it. Just waiting for the right time to sell it later, for me the current price of BNB is quite expensive but I have my own target price.
I really like the method you choose, it is very smart because the Binance exchange has great potential with the BNB it has to be more expensive because more people will use it especially the very limited supply will have a good effect in the long run
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Geleve
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October 22, 2020, 05:14:14 PM |
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I keep farming with them. i dont want to sell them before the bull run. bnb tokens will be one of the major tokens that is going to rise up with some others like ethereum, bch.
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target
Legendary
Offline
Activity: 2282
Merit: 1041
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October 22, 2020, 06:00:33 PM |
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The only I do with my BNB tokens is to use it for paying trading fee within their own exchange. From the beginning actually I have only bought 27 BNB since 2017 and I have never bought any BNB after that. I still have few left but its just going to be used as fees. I realize though that Binance will airdrop BNB tokens.
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disconnectme
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October 22, 2020, 08:23:48 PM |
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My play here with these Binance farming is to get in early before the reward starts reducing, this is very important, one the reward drops, I move my funds to the nest big thing, people need to remember that all these is a cycle and just ride the hype when its last.
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Shasha80
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October 25, 2020, 11:58:26 AM |
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BNB is indeed a profitable coin, so the demand for BNB is currently quite high. What I do to the BNB that I have, it's just holding it. Since 2019 I have bought BNB for $ 19. Within a year the BNB has now risen to a price of $ 30, but I don't intend to sell my BNB even though it's already profitable. Because I believe the BNB price will still go up even higher.
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