BNB, which stands for Binance Coin, is the native cryptocurrency of the Binance cryptocurrency exchange. It is used to pay transaction fees on the platform, participate in token programs on Binance Launchpad, and much more.

Why have BNB on Binance? Binance users have multiple benefits from owning BNB, the main ones being reduced fees and the ability to participate in Launchpad and Launchpool to earn tokens from new crypto projects.