"Layer 1 coins" refer to the native crypto currencies of primary blockchain networks, known as Layer 1 block chains. These block chains operate independently, processing and finalizing transactions on their own networks without relying on another blockchain. Examples of Layer 1 blockchains include Bitcoin, Ethereum, and Binance Smart Chain, each with its native coins: BTC, ETH, and BNB, respectively.
Layer 1 coins are integral to their respective networks, serving various functions such as paying transaction fees, staking, and participating in governance. On Binance, users can trade, invest, and utilize these Layer 1 coins within the platform's ecosystem.