Binance coin (BNB), has over the years gained importance due to its market stability. Bitcoin and Ethereum due to their high value used to be household names. However, there are thousands of other digital currencies, each with its unique features and purposes. One such cryptocurrency that has gained significant popularity is Binance Coin (BNB). Here are some key features of the Binance coin;
3 Key Features of Binance Coin
- Cost-Effective; as against BTC and ETH, trading on Binance coin affords a much lower cost. When you pay for fees with BNB, you get a discount, making it a cost-effective option for regular traders.
- Versatility; BNB is not just traded on Binance ( as some people believe) . It is traded over thousands of platforms. BNB can be converted to other crypto-currencies and can also be converted to Naira (see Cardvest)
- Utility Token; BNB can be used for several purposes such as paying for withdrawal, staking and un-staking, trading fee, listing fees for new cryptocurrencies, etc .
Key Factors to note while selling BNB for Naira
To sell BNB for Naira is easy; this ease comes with using a good trading platform. In this article, we’ll be listing certain factors to look out for while choosing a trading platform.
- Security; due to certain hazard that comes with technological advancement like phishing and several other scams, you need to exercise due care while choosing a trading platform. The platform must be secured and reputable
- Good Rates; everyone is in business to make a profit hence, the trading rate for your BNB must be put into consideration.
- Automation; it’s been discovered over time that manual efforts during trades often slow down the transaction and sometimes present numerous errors. A good trading platform must have seamless automation in place.
- Reliabilty; No one wants to lose hard-earned money to fake vendors. To avoid this, you must be sure the platform you’re trading with is reliable.
Cardvest; Trading Crypto Currency with a state-of-the-art platform
One platform that has been found worthy to fit in all the features listed above is cardvest. Over the years, Cardvest has proven itself amongst thousands of trading platforms to be a highflier! Cardvest trades different cryptocurrencies like Bitcoin, Ethereum, USDT, BNB, USDC, etc. One interesting thing about Cardvest is that it was built as a customer-centric platform. The best interest of all traders either newbies or experts was put into consideration to derive the fully automated state-of-art platform.
Here are some easy steps to sell your BNB for Naira
How to sell BNB for Naira
Trading on Cardvest is easy and straightforward. Here are a few steps to trade your BNB for Naira
- Visit https://cardvest.ng/ and create an account if you are a new user or log in if you have an account already.
- After Logging in, on the left-hand of your dashboard, click the sell coin then select bnb and input the amount you want to trade
- Copy the coin address displayed or scan the barcode
- After making payment, click on “i have completed the payment”
- Once your payment is confirmed, you’ll be credited immediately
