Cryptocurrencies are a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Binance is a popular cryptocurrency exchange that offers a wide variety of digital assets. Binance supports the trading of over 150 cryptocurrencies. Some of the most popular cryptocurrencies available on Binance include Bitcoin, Ethereum, Litecoin, and XRP.
Binance also offers its own native cryptocurrency, Binance Coin (BNB). Binance Coin can be used to pay fees on the Binance platform or it can be traded on the open market.