Binance has its cryptocurrency called Binance Coin (BNB). The exchange used an initial coin offering of Binance Coin to raise $15 million worth of funding in July 2017. Discounts are offered to traders who use BNB to pay trading fees
Binance is a crypto-to-crypto exchange. This means that users can only use it to trade cryptocurrencies. If you don’t already own some cryptocurrency, then you’ll need to buy some before you can start trading with Binance. I suggest using an exchange that offers fiat currency trading like Coinmama, CEX.IO or Coinbase.
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