BNB Holders - What do you do with your BNB? - page 3.

lkjhg

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Quote from: 7788bitcoin on October 29, 2020, 06:06:40 PM

Quote from: iamaruf on October 26, 2020, 06:53:18 PM

I don’t prefer to hold my bnb on exchanger (Binance). Because My thought is if binance hold my BNB,I can't do anything. Only prefer personal wallet that is safe.It's good choice to earn easy coins from staking but if you don’t hold Enough BNB then you will get good amount of coins free. I have low Amount of BNB that's why use personal wallet that provide private key/seed.

There is a huge difference here, you can trust holding your BNB coins in Binance because if they cease to exist then there is no use with the coins you are holding and if they gets hacked then they will somehow fork and provide everyone holding the coins the equivalent if they continue to function, so i would advice you to hold BNB in the exchange and you do not waste transaction charges on that Wink

.

everything has its own desires, maybe it's good to keep in a private wallet, not an exchange wallet,
because if a hacker attack like Kucoin occurs, your funds will be safe, it's different if you store on an exchange.

Johnyz

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There’s more to come with BNB and I will hold more at least every month goal to buy BNB because I know this will continue as the best exchange and not just that, they keep introducing new things to us. The hacking history of BNB can’t affect the reputation of this coin, they already worked on it and the case is already solved as far as I remember.

7788bitcoin

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Quote from: iamaruf on October 26, 2020, 06:53:18 PM

I don’t prefer to hold my bnb on exchanger (Binance). Because My thought is if binance hold my BNB,I can't do anything. Only prefer personal wallet that is safe.It's good choice to earn easy coins from staking but if you don’t hold Enough BNB then you will get good amount of coins free. I have low Amount of BNB that's why use personal wallet that provide private key/seed.

There is a huge difference here, you can trust holding your BNB coins in Binance because if they cease to exist then there is no use with the coins you are holding and if they gets hacked then they will somehow fork and provide everyone holding the coins the equivalent if they continue to function, so i would advice you to hold BNB in the exchange and you do not waste transaction charges on that Wink

.

VIP BTC

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Quote from: KidTalent on October 19, 2020, 07:30:17 AM

Binance give you so many options for your BNB and I really don't know which is the best one to use right now so thought it would be best to ask you all.

I currently have mine in a savings account and it was nice to earn some passive income through WING, BEL and SXP but is there a better option out there?

BNB is a good coin for trading and holding, because both options have a great opportunity to make a profit. However, for now it is better to trade than hold, because prices are high.

Wysi

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Quote from: ScamViruS on October 29, 2020, 02:32:15 PM

Binance Exchange will give you many benefits if you use BNB. Bnb is not only used for exchange fees, you can make good income by making bnb savings. You also have to hold bnb to participate in Binance's IEO, binance pays tickets depending on the amount of bnb holdings. So it seems to me that Bnb saving in binance provides better benefits.

You have to remember that there is always a risk in crypto, so do whatever you have to do with the risk.

BNB is always profitable either one way or another and it used to be one of my favorite to invest but I started with BNB in order to invest into new coins launched through Binance launchpad, but deep down in my mind I always feels that it's overhyped and we are forced to hold BNB tokens incase if we want to buy new coins which will be listed in their platform.

I would not prefer BNB on a longer run, but choose it for trading in Binance to save on transaction charges.

Mulann2

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Quote from: iamaruf on October 26, 2020, 06:53:18 PM

I don’t prefer to hold my bnb on exchanger (Binance). Because My thought is if binance hold my BNB,I can't do anything. Only prefer personal wallet that is safe.It's good choice to earn easy coins from staking but if you don’t hold Enough BNB then you will get good amount of coins free. I have low Amount of BNB that's why use personal wallet that provide private key/seed.

Well nothing bad if you decide to keep your bnb in your personal wallet where it feels more safer but i think keeping it in Binance to stake and accrue profit is not bad either, Binance is safe and beside they claim all funds are SAFU, you can also join the lending program on binance to earn interest,
Anyways, I do not hold bnb at the moment but supposing I have, I will rather join the lending or staking program.

ScamViruS

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Binance Exchange will give you many benefits if you use BNB. Bnb is not only used for exchange fees, you can make good income by making bnb savings. You also have to hold bnb to participate in Binance's IEO, binance pays tickets depending on the amount of bnb holdings. So it seems to me that Bnb saving in binance provides better benefits.

You have to remember that there is always a risk in crypto, so do whatever you have to do with the risk.

RealMalatesta

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BNB is something I earn and not buy, I have a lot of affiliates that make absolutely no money to me at all in the long run, but that 5 bucks per month or so do collect into something bigger when you ignore them. For the past few years I have actually made about 100 bucks or so with some upticks so I did have some BNB in my hands without spending a dime.

I have about 20 bucks of it still there, and I have 7 bucks that I withdrew to metamask for some other things, so I have close to 25 bucks let's say. I like spending that on staking, you could definitely lose money that way but it is also not a huge money for me, and I really like the idea, you leave the money to make more of other money for you, it is like you hired your BNB to be your worker and that feeling is actually unique in my world.

trauchot

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I don't do anything with my bnb, I just wait when bnb will reach incredible heights and then I will sell my bnb, but when bnb price falls, I always invest in bnb, because for me bnb is a great option for a good profit in the future, because bnb has everything to rise in price soon and I think bnb CEO will also will do everything to do bnb more popular.

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Quote from: CryptoTrip on October 29, 2020, 03:54:40 AM

For those who have more than 500 bnb, this is a chance to participate in the lottery, also in various types of farming at the lunchpools of the same binance, and of course, binance smart chain is actively developing now. Its a pleasure to use bsc at the moment, because the commissions are negligible compared to the ether network

Staking most time focuses on whales, to control the volume traded and generate scarcity. BNB has many use cases as trading pair, transaction fee, IEO investment, salary for binance workers, staking and sometimes to purchase goods and services etc. all this can sustain high trade and pump the price. Everyone can benefit from the staking in the long term when the price improves, ATM no better exchange than binance

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Quote from: CryptoTrip on October 29, 2020, 03:54:40 AM

For those who have more than 500 bnb, this is a chance to participate in the lottery, also in various types of farming at the lunchpools of the same binance, and of course, binance smart chain is actively developing now. Its a pleasure to use bsc at the moment, because the commissions are negligible compared to the ether network

You don't need to have 500 BNB to participate in Launchpad and Launchpool. For participation in Launchpad, the minimum amount is 50 BNB, and for Launchpool, there is no minimum amount at all. You also have the opportunity to place BNB on a deposit.

CryptoTrip

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For those who have more than 500 bnb, this is a chance to participate in the lottery, also in various types of farming at the lunchpools of the same binance, and of course, binance smart chain is actively developing now. Its a pleasure to use bsc at the moment, because the commissions are negligible compared to the ether network

Hasan986

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Hold is the right word for BNB holders, but the program offered on Binance saving makes us interested and I am also interested,
I hold and put BNB in binance saving, I think this is what BNB holders should do, don't sell it cheaply Wink

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im sure BNB can reach $100 in altcoin season, to the moon Grin

Exactly, I have been holding BNB for a long time. I am already profitable. Hope I will not be disappointed by holding BNB. It is moving forward step by step. If I can hold BNB for 3-4 years, it will give me 3-4x profit, I believe on this.

H1N1

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There are many options yes, we can even not doing anything at all, just hold the BNB coin and we are good.
As we can see the price of BNB is very stable and currently high around $30+
When the project behind the coin is progressing very well, the price of the coin will rising too.

khiholangkang

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Quote from: KidTalent on October 19, 2020, 07:30:17 AM

Binance give you so many options for your BNB and I really don't know which is the best one to use right now so thought it would be best to ask you all.

I currently have mine in a savings account and it was nice to earn some passive income through WING, BEL and SXP but is there a better option out there?

If you have a lot of BNB I think joining Binance Launchpool is a very good thing because you will get a good profit without having to do anything, but if the capital is only a little I think you can try your luck on Binance Launchpad, if you are lucky to get a ticket you can double your money quickly.

ololajulo

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my interest is still growing with projects that continue with development, partnership and marketing. Binance have had more burning than many more coin with little price growth, now more IEO are coming in with BNB purchase, more DEFI coin listed to engage BNB transaction fee. BNB is still one of the undervalued coin on the top 50 coin on CMC, I expect a $500 price peak after the bull market and will continue to remain a force in cryptocurrency space.

Uhde

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CZ doesn't let us to sell our BNB's. a new project each week. Now another lottery. I hope this one will be more profitable comparing to previous INJ project. Because x2 is nothing for a Binance IEO.

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Quote from: iamaruf on October 26, 2020, 06:53:18 PM

I don’t prefer to hold my bnb on exchanger (Binance). Because My thought is if binance hold my BNB,I can't do anything. Only prefer personal wallet that is safe.It's good choice to earn easy coins from staking but if you don’t hold Enough BNB then you will get good amount of coins free. I have low Amount of BNB that's why use personal wallet that provide private key/seed.

It would be better if you keep BNB on the exchange, you don't have to worry if Binance suddenly gets a hacker attack, because CZ will be responsible and compensate for all losses, this is Binance's advantage,
Besides, if you save BNB on the Binance exchange you will get a lot of benefits, such as trading discounts and passive income.

Freebieindia

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What i do with my BNB

1. Stake for farming in Launchpool
2. Hold to take part in IEOs
3. For fee discount
4. Sometime for new BSC DeFi project. Stake and get new DeFi coin
5. And holding for long term gains

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Quote from: iamaruf on October 26, 2020, 06:53:18 PM

I don’t prefer to hold my bnb on exchanger (Binance). Because My thought is if binance hold my BNB,I can't do anything. Only prefer personal wallet that is safe.It's good choice to earn easy coins from staking but if you don’t hold Enough BNB then you will get good amount of coins free. I have low Amount of BNB that's why use personal wallet that provide private key/seed.

If you have a low amount of BNB and you usually using Binance for trading, then you can put it then in the exchange wallet of Binance itself. Did you know that if you are holding some amount of BNB, your trading fee will be lessened? Like it got something discounted for every trade you do.
And as you already know, using a small amount of BNB or just any altcoins and put it on staked, a return is extremely low, then you gonna have no choice.

Topic: BNB Holders - What do you do with your BNB? - page 3. (Read 1129 times)