10 Best Cryptocurrencies to Buy for Beginner Traders According To Reddit

4. BNB Coin

Market Cap: $100.707 Billion

Value as of December 27: $690.35

Binance Coin (BNB) is a cryptocurrency created in July 2017 that originally launched as an ERC-20 token on Ethereum before transitioning to Binance’s own blockchain, Binance Chain. BNB is primarily used for trading and paying transaction fees on the Binance exchange, offering users a discount. Beyond the exchange, BNB has various uses, including credit card payments, booking travel, and investment opportunities. Initially, 100 million BNB tokens were sold during an ICO, raising $15 million. Binance also conducts quarterly “burns” of BNB to reduce its supply and increase scarcity, aiming to eventually destroy 50% of the total supply.