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Nowadays, many people are interested in how to earn binance coin for free. Crypto assets are becoming more desirable thanks to the numerous benefits they offer. However, the information about crypto can be confusing, especially for beginners.
If you’re interested in learning more about crypto and how to earn free bnb coins, then you’re in the right place. This article will cover everything about how you can earn free binance coins. You will also understand bnb, aka binance coins.
What is BNB?
Binance coin is a cryptocurrency developed by the Binance Exchange platform. Initially, bnb was created under the Ethereum blockchain. However, this has changed, and now the coin operates over Binance’s blockchain.
The exchange platform deals with the trading of crypto coins such as Bitcoin and Ethereum. It is ranked as one of the largest crypto exchange platforms globally. The binance coin is globally accepted and can be traded for other types of crypto coins. However, users of bnb often get and enjoy subsidized rates when using it on the Binance exchange platforms.
How Can You Use BNB?
As mentioned before, bnb is globally accepted and can be exchanged for other types of crypto coins. As such, you can use it for various operations just as you would with Bitcoin or Ethereum. However, note that the rates could be higher when using it on other exchange platforms.
On the other hand, you can use your bnb assets to earn bnb free. Well, this is very simple, all you need is a YouHodler account and you’re good to go. YouHodler is a crypto wallet service. In addition to offering wallet services, you get to enjoy some extra bonuses, which will share in the next section.
How to Get Free BNB
If you do not have a YouHodler account, then it is time you get one if you want to know how to earn free bnb coin. YouHodler allows users to earn bonuses from their crypto savings. The rates are pretty decent and they ensure that you can leverage your coins without selling them.
Many people owning crypto often look to make quick profits via either selling or trading their coins. However, if you’re using YouHodler, you don’t need to do so. You can hold your crypto for as long as you want while earning interest from it.
Also, you can use your bnb coins as security for a fiat currency loan. Some people often trade their coins for fiat currency whenever they want to make any payment. But if you’re using YouHodler services, you can use your bnb coins as security for an instant fiat currency loan.
Having a private wallet is always a plus as it allows you to control your crypto assets. Some wallet services such as YouHodler enable users to earn bnb free via competitive interest rates.
Using bnb over other platforms other than Binance can be pretty expensive. However, storing them in a wallet such as YouHodler can help you recoup the transaction charges.