Binance Coin (BNB) is a cryptocurrency created by Binance, the largest cryptocurrency exchange by trading volume. The token is primarily used for trading on the Binance exchange, and the company offers incentives to promote its usage on the exchange.
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Binance’s mission is to provide traders access to a world-class cryptocurrency exchange that can be used in conjunction with its token. Binance’s cryptocurrency exchange possesses a system purposefully built to be efficient, scalable and rapid. The adoption of BNB was to provide the platform with a cryptocurrency with high liquidity to attract traders. Lastly, Binance boasts a large customer support network and extensive language support, allowing it access to multiple markets. In order to ensure BNB maintains its value, Binance undergoes a quarterly coin burn, during which the company uses its profits to buyback BNB and permanently removes it from the supply.
At Travala.com, we offer more than 3,000,000 travel products in over 230 countries available for purchase with BNB. Plus, you’ll receive a 2% giveback in the AVA rewards token on every accommodation booking.
Travala.com's intuitive booking experience is designed to be familiar and simple to navigate. Simply choose your desired travel product, enter your details, and select from a variety of available payment options, including traditional credit and debit cards, BNB, and 90+ other cryptocurrencies.
Trading with BNB on the Binance exchange provides many advantages such as a number of discounts for trading fees. Traders that use BNB can save 25% on spot trading fees,25% on margin trading fees and 10% on futures trading fees. Additionally, Binance allows you to convert your dust, small amounts of coins or tokens, to BNB, allowing you to save on trades.
BNB is currently an accepted payment method for several services and goods. BNB can be used to buy digital assets via Decentraland, subscription services such as BitTorrent or PureVPN and be used to pay for freelancers via Canya. You can also earn BNB by completing tasks via Storm.
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select BNB.
Click Complete Reservation. In your BNB wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact BNB amount is entered and send the payment.
Click Payment sent. Your transaction will be processed, and you will receive a confirmation email once your voucher or e-ticket is available.
Store your BNB securely with the following wallets:
BNB has value primarily in the form of trading. Traders pay fees when they use Binance’s cryptocurrency trading platform and Binance incentivizes the use of their token on the platform through lower trading fees. Additionally, the quarterly token burn and limited supply of BNB ensure that inflation is kept low and the token’s value is maintained.