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What Is Binance Coin?

What is binance ?

In addition to operating the world's leading cryptocurrency exchange, the Binance platform spans an entire ecosystem.

As an important part of the Binance ecosystem, Binance primarily acts as a global online platform for trading digital assets, providing users with a trading platform, financing services, technical services, and other services related to digital assets. As detailed in Section 3 below, users must register and open an account with Binance, and deposit digital assets into their account before trading. Users may, subject to the restrictions set forth in these Terms, apply to withdraw digital assets.

Although Binance is committed to maintaining the accuracy of the information provided through the Binance Services, Binance does not warrant and does not warrant its accuracy, applicability, reliability, integrity, performance or suitability, and Binance will not be liable for any loss or damage that may occur directly or indirectly. by your use of this content. Information about Binance services may change without notice, and the main purpose of providing this information is to help users make independent decisions. Binance does not provide investment advice or advice of any kind, and is not responsible for the use or interpretation of information on Binance or any other means of communication. All users of Binance services should understand the risks involved in trading digital assets, and it is recommended to exercise caution and trade responsibly within their own capabilities.

What is BNB ?:

BNB is the cryptocurrency that powers the BNB chain ecosystem. As one of the most popular tokens in the world, not only can you trade BNB like any other cryptocurrency, but you can also use BNB in a wide variety of applications and use cases.

BNB . Benefits:

Use BNB to pay for goods and services, settle transaction fees on the Binance Smart Chain, participate in exclusive token sales and more.

- Learn more about BNB and start saving on trading fees.

BNP Burns:

BNB uses the Auto-Burn system to reduce the total supply to 100,000,000 BNB. The BNB Auto-Burn mechanism adjusts the amount of BNB to be burned based on the BNB price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter. This provides greater transparency and predictability to the BNB community.

Lost BNB can also be compensated in eligible cases through the BNB Pioneer Burn Program. This counts the coins users have lost in the official burn count calculation and compensates them for BNB.

In addition, BNB uses a real-time burning mechanism based on gas charges. A fixed percentage of the gas charges collected in each block is burned, with the percentage determined by BSC auditors.

Financial Freedom:

  Increase the freedom of money globally. By spreading this freedom, lives can be greatly improved around the world

Infrastructure Building:

Its goal is to be the infrastructure services provider for the blockchain ecosystem.

Binance Account Registration and Requirements:

  • Registration:
All users must apply for a Binance account at (https://accounts.binance.com/en/register) before using the Binance Services. When you register a Binance account, you must provide the information specified in this clause 3 or otherwise as required by Binance, and accept these Terms, the Privacy Policy and other Binance platform rules. Binance may, in its sole discretion, refuse to open a Binance Account for you. You agree to provide complete and accurate information when opening a Binance account, and agree to update any information you provide to Binance in a timely manner to maintain the integrity and accuracy of the information. Each user (including a natural person, business or legal entity) may maintain only one master account at any time. However, users can open one or more sub-accounts under the main account with the approval of Binance. For some Binance Services, you may be required to create a specific account independent of your Binance Account, based on the provisions of these Terms or the Supplemental Terms. The registration, use, protection and management of such trading accounts shall be equally governed by the provisions of this Section and Section VI, unless otherwise specified in these Terms or the Supplemental Terms.

  • Eligibility:

By registering to use a Binance Account, you represent and warrant that (i) as an individual, you are at least 18 years of age or of legal age to form a binding contract under applicable laws; (ii) as an individual, legal person or other organization, you have the full legal capacity and sufficient authority to enter into these Terms; (iii) you have not previously been suspended or removed from using the Binance Services; (4) You do not currently have a Binance account; (v) you are not a user of the United States, a user of Malaysia, a user who is a resident of Singapore, or a user of Ontario (Canada); You are not acting on behalf of a US user, a Malaysian user, a Singapore user, or a user in Ontario (Canada). If you act as an employee or agent of a legal entity, and enter these Terms on their behalf, you represent and warrant that you have all rights and permissions necessary to bind that legal entity; (6) Your use of the Binance Services will not violate any and all laws and regulations applicable to you, including but not limited to regulations relating to anti-money laundering, anti-corruption and terrorist financing.

Please note that some products and services may not be available in some jurisdictions or regions or to certain users. Binance reserves the right to change, modify or impose additional restrictions at its discretion at any time.

Futures and Derivatives Products. USDⓈ-M futures, Coin-M futures, margin, Binance options, Vanilla options, and leveraged tokens (“Futures and Derivatives”) will not be available to all users of the Netherlands, Germany, Italy, Australia, Hong Kong, and UK retail users.

Cryptocurrencies. Privacy tokens (XMR, ZEC, DASH, XVG, XZC, KMD, ZEN, PIVX, and GRS) will not be available to Australian users with PayID linked to Binance accounts.

  • User Identity Verification:

By registering for an account with Binance, you agree to provide the personal information required for identity verification. This information will be used to verify the identity of users, identify the effects of money laundering, terrorist financing, fraud and other financial crimes through Binance, or for other legal purposes mentioned by Binance. We will collect, use and share this information in accordance with our Privacy Policy. In addition to providing such information, you agree to allow us to maintain a record of that information for the period in which your account is active and within five (5) years after your account is closed, consistent with global industry standards on data storage. You also authorize us to conduct the necessary investigations directly or through a third party to verify your identity, protect you and/or protect us from financial crime, such as fraud. Information we request to verify your identity may include, but is not limited to, your name, email address, contact information, phone number, username, government-issued identification, date of birth, and other information collected during account registration. When you provide the requested information, you confirm that it is true and accurate. And after registration, you must ensure that the information is correct, complete and timely when changed. If there are any reasons to believe that any of the information you have provided is untrue, erroneous, outdated or incomplete, BINANCE reserves the right to send you notice of a request for correction, to directly delete the relevant information and, as true, to terminate all or part of the Financial Services that We present it to you. If we are unable to reach you with the contact information you have provided, you will be fully responsible for any loss or expense arising from insurance while using the exchange services. You hereby acknowledge and agree that it is your obligation to update all information if there is any change. By registering an account, you hereby authorize the conduct of such investigations as the Compliance deems necessary. or protect you and/or other users and/or funds from fraud or other financial crime, and take necessary actions based on the results of such investigations. You also acknowledge and agree that your personal information may be disclosed to credit bureaus and agencies to prevent fraud or prevent financial crime,

  • Account Usage Requirements:
A Binance account can only be used by the account registrant. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than the account registrant. If you suspect or become aware of any unauthorized use of your username and password, you must notify Binance immediately. Binance shall not be liable for any loss or damage arising from the use of your Binance Account by you or any third party with or without your permission.

  • Account Security:

Binance is committed to maintaining the security of funds entrusted to users, and has implemented industry-standard protections for Binance services. However, the actions of individual users may pose risks. You agree to treat your access credentials (such as your username and password) as confidential information, and not to disclose such information to any third party. You also agree to be solely responsible for taking the necessary security measures to protect your Binance account and personal information.

You shall be solely responsible for maintaining the security of your Binance account and password, and are responsible for all transactions under your Binance account. Binance accepts no responsibility for any loss or consequences arising from the authorized or unauthorized use of your account credentials, including but not limited to disclosure of information, disclosure of information, consent or provision of various rules and agreements by clicking on the Site Web, online renewal of the agreement, etc. .

Binance Services