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November 23, 2022

What is Binance Coin, and Where Can I Convert BNB USDT?

by John_A

The market of digital assets includes hundreds of different coins and tokens to invest in. A beginner trader might need help with picking an appropriate asset for investment. We want to discuss critical things to consider when choosing a coin to buy and mention one credible asset – Binance crypto.

Here are things to consider when picking an investment option:

  • Price and chart
  • Trade volume
  • Market capitalisation 
  • Valuable technology at the core
  • Application scope and use cases
  • The reputation of founders and developers.

Some crypto assets are released by large crypto platforms with the purpose of ease and facilitating users’ work on it and delivering additional benefits. One such project is the BNB coin. As of mid-November 2022, it will cost $269.76 to convert BNB to USDT. Together with the whole crypto market, the coin’s value dropped this month. 

Some use cases for the BNB coin:

  1. BNB holders use the coin to pay fees working on the exchange.
  2. Different online services accept BNB as means of payment 
  3. BNB holders can book travel and accommodation 
  4. Buy goods and services
  5. BNB coins are used as gift vouchers on some social networks.
  6. Some Binance workers are paid a salary with BNB.
  7. Trading and investment.

The coin is traded on all large crypto platforms. Maybe Binance will be somewhat difficult to handle for a beginner trader, for it has an advanced interface. So you can buy cryptocurrency on the WhiteBIT platform. It is also a reliable and credible exchange with many trading tools and over 450 pairs, including popular BNB USDT.

WhiteBIT offers BNB price charts and a convenient interface to use all trading instruments efficiently. In addition, there is a standalone educational resource, the WhiteBIT blog, where you can learn more about trading, read an overview of up-and-coming crypto projects and get a guide on different types of trading. 

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