BNB, which stands for Binance Coin, is a cryptocurrency created by the cryptocurrency exchange Binance. BNB is primarily used on the Binance platform for various purposes such as trading fee discounts, participation in token sales on the Binance Launchpad, and more. BNB operates on the Binance Chain and Binance Smart Chain networks, which allows for fast and low-cost transactions. Additionally, BNB can be traded on various cryptocurrency exchanges and stored in compatible wallets.
