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About
History
Differences between Investing vs Trading
About
History
Differences between Investing vs Trading
BNBUSD is a popular price pair representing the price of Binance Coin (BNB) compared to the US Dollar, which is the number one most traded currency in the world. Binance Coin is a cryptocurrency used to trade and pay fees on the Binance exchange, which was founded in 2017 by Changpeng Zhao. In 2022, the Binance exchange is the largest cryptocurrency exchange in the world.
Even though BNB was created as a utility token in 2017 and functioned primarily on the Ethereum blockchain network, BNB moved from the Ethereum network to Binance’s self-developed blockchain in 2019. The blockchain was called Binance Smart Chain until February 2022, when the exchange changed the name to BNB Chain.
Since then, BNB’s uses have expanded considerably on several platforms. Most notably, the cryptocurrency can be traded for other virtual currencies on different exchanges. BNB can also book travel arrangements on select websites, buy virtual gifts, and make credit card payments.
Like all cryptocurrencies, external factors such as regulation crackdowns and the growth of the ecosystem can positively or negatively affect the price of Binance Coin. Over the years, BNB has seen both upwards and downwards momentum. In 2017, BNB traded at $0.11 against the USD before trading at $21 at the start of 2018. The BNBUSD price pair remained subdued until 2017 when trading volumes increased to more than $450 million.
BNB saw upward momentum throughout 2021 until May when the price plummeted and wiped out over 150% in gains. During this same month, reports suggested Binance was under investigation by the United States Department of Justice and the Internal Revenue Service.
As with any cryptocurrency, we need to consider that blockchain and virtual currencies have not gained mainstream adoption yet. That’s why investing in BNBUSD and other cryptocurrencies may be favourable to some individuals since they can wait it out and realise a profit in a few years when the crypto and blockchain market is more popularised and accepted.
You can also engage in short-term trading, where you buy and sell coins on the same day and watch hourly and daily Binance price movements. For some individuals like day traders, this makes trading BNBUSD more appealing than buying the price pair.
Either way, you must use different technical indicators and tools on trading platforms like Skilling Trader to help you understand past and future BNBUSD price movements. You can also use copy trading platforms to hear what expert traders and investors have to say about this popular price pair.
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| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
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| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
The most popular and trending cryptocurrencies, all in one place at the right time.
- Trade 24/7
- Minimum margin requirement below ~3$
- Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
- No withdrawal fees
- Diversify! 900+ instruments to choose from
FAQs
How to trade BNBUSD?
BNBUSD can be traded on any broker that offers leverage and CFD trading. Binance coin is used to pay fees on the Binance exchange and can be used to trade a variety of assets, including cryptocurrencies, on the Binance platform. It is a popular choice for traders looking to get exposure to the cryptocurrency market without having to directly purchase digital assets.
When trading BNBUSD, it is important to monitor the Binance coin price as it can fluctuate significantly. Leverage can help to magnify profits but can also amplify losses. It is important to have a clear understanding of how BNBUSD works before trading it.
When was BNBUSD released?
The Binance coin was initially founded in July of 2017, but the BNBUSD price was not released until the beginning of 2018. Binance was founded in China and is now based in Malta. It has been growing at an exponential rate since it was founded, and it is now one of the largest cryptocurrency exchanges in the world.
What is the future of BNBUSD?
First, Binance continues to gain popularity as one of the leading cryptocurrency exchanges. This should lead to more people trading BNBUSD. Second, Binance is continually adding new features and listing new assets, which should also attract more users. Third, Binance is planning to launch its own decentralized exchange (DEX), which could further increase demand for BNBUSD.
So overall, there are many positive factors that suggest that BNBUSD could rally significantly in the future if cryptocurrencies continue growing in the years to come.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.
Crypto CFD
Physical Crypto
Capitalise on rising stock prices (go long)
Capitalise on falling crypto prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
Trade on volatility
No need to own the asset or have an exchange account
No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee
Manage risk with in-platform tools
Ability to set take profit and stop loss levels