Binance, Exchanges

Can You Use Fiat on Binance?

Fiat currency is legal tender whose value is backed by the government that issued it. The most common fiat currencies are the U.S. dollar, the euro, and the Japanese yen.

These government-issued currencies are used as a means of exchange for goods and services. They are also used as a store of value and a unit of account.

Binance is a digital asset exchange that allows users to trade cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. Binance also allows users to buy and sell fiat currencies such as the US dollar, the Euro, and the Japanese Yen.

So, can you use fiat on Binance? Yes, you can. Binance supports the trading of several fiat currencies against cryptocurrencies.

However, you cannot use fiat currency to buy or sell Binance Coin (BNB).

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