As mentioned above, BNB is widely used in the Binance ecosystem and other environments, so users have flexibility in how they decide to use their BNB. For example, you can use BNB to pay for travel, buy virtual gifts, and more. We estimate that millions of BNB have been used by users to pay for travel expenses, purchase goods, borrow, reward, create smart contracts, and other transactions.

In addition, many people use BNB to pay for trading fees. On the exchange alone, 2 million users have paid trading fees in BNB for more than 127 billion transactions, totaling more than 40 million BNB. Let's take a look at how to pay trading fees with BNB.

When trading cryptocurrencies on the Binance exchange, a standard fee of 0.1% is charged on each transaction (trading fees depend on monthly trading volume and BNB holdings). Traders can pay trading fees with the asset they are trading or with BNB. There are special discounts for choosing to pay with BNB.

Therefore, if you trade a large amount on Binance, you should consider obtaining BNB and using it to pay fees. Please note that the deduction of trading fees follows a specific fee schedule. Therefore, it is important to check the current spot trading fee schedule. It’s also worth noting that Binance Futures follows a slightly different fee schedule.