Binance is one of the most well-known platforms in the cryptocurrency industry. It not only allows to buy and exchange of cryptos but also has its own token, the BNB. The latter is anchored on the Binance blockchain, BNB Chain which replaces the Binance Smart Chain.
This token, when used, allows Binance users to have a number of benefits but also allows the purchase of goods and services.
Buy other cryptocurrencies
Buying other cryptocurrencies is one of the first features of BNB. There are some tokens like Battle Infinity that can only be purchased with BNB.
Buy IBAT with BNB
Battle Infinity is a new crypto project whose token is IBAT. It starts with a Play to Earn concept and combines a revolutionary gaming experience with a blockchain mechanism. It is currently in presale and it is only possible to obtain IBAT with BNB.
This promising project has already been able to raise more than 3500 BNB a few days after its launch.
Buy virtual land in Axie Infinity with BNB
This game launched in 2018 is one of the first to integrate NFTs and crypto into the world of video games with its AXS token. It is based on a Play to Earn strategy. It offers two game modes (adventure and arena) where you can compete against other players, to increase your experience and earn AXS tokens.
It is therefore possible to extend your influence in this game by buying virtual land. This can be done with BNB.
Apart from these two tokens, you can also buy other altcoins with BNB. This is done by exchanging your BNB for the altcoin of your choice. Among these altcoins, there are others:
- Ethereum
- Solana
- Cardano
- Shiba Inu.
Apart from buying altcoins, it is also possible to use BNB tokens to buy services or goods.
Buy services
The BNB token is intended to be a reliable means of payment that is embedded in everyday life. Binance announces that it allows the purchase of various services. If you have BNB tokens in your wallet, you can use them for various services such as:
- Pay a subscription on BitTorrent
- Buy a dedicated server on PureVPN
- Recruit freelancers on Canya
- Buy virtual gifts on DENT.
It is also possible to book plane tickets with BNB on TravelbyBit.
If you are going to buy a new smartphone, you can also do it with BNB.
If you are going to buy a new smartphone, you can also do it with BNB.
Buy goods
Among the many possibilities of using BNB, it is possible to buy smartphones. The parent platform of BNB, Binance, indeed offers on its site to buy HTC brand smartphones with BNB.
Binance also offers payment solutions for platforms like Monetha. This allows BNB holders to shop at merchants on the Monetha platform. (This further shows the incursion of cryptocurrencies into everyday activities.)
Just like Monetha, several other platforms have integrated Binance into their payment solutions to allow their users to make purchases with BNB. These include, among others:
- CoinGate
- Conify
- Coinpayments.
One of the original uses of BNB is in finance. Binance gives you the possibility on its platform to carry out financial activities of borrowing, investing, or even trading shares with BNB. It is therefore possible to:
- Pay bills on LNDR
- Take out a loan on Nexo or ETHLend
- Make an investment in Moeda.
However, it should be noted that the Binance partners from whom the use of BNB is possible for the purchase of goods and services are not numerous. We will have to hope for an increase in Binance partnerships and the possibilities of using BNB.
Disclaimer:
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