Is Binance legal in India? BNB coin details – Katoch Tubes

Deep Dive into Binance & BNB Coin

Deep Dive into Binance & BNB Coin

What is Binance?

Founded in 2017. Binance is the leading cryptocurrency exchange in the world. After China ban, it  has shifted its HQ to Cayman Islands

Face of Binance?

Changpeng Zhao "CZ" is the founder of  Binance. A Canadian-Chinese citizen. He currently lives in Singapore & manages Binance operations.

What is Binance Coin?

Created in 2017, BNB is the currency of Binance Smart Chain (BSC). It was used to offer trading discounts but the scope has increased after BSC inception.

What is Binance  Smart Chain?

Like Ethereum, Binance Smart Chain can run dapps & smart contracts at much better capacity. Check Details -

What is BEP2, BEP20 & ERC20 tokens?

1. BEP2: Tokens on Binance Chain 2. BEP20: Tokens on Binance Smart Chain 3. ERC20: Ethereum tokens

What is BUSD?

BUSD is a stablecoin created by Paxos & Binance. It's value is pegged to USD. 1 BUSD = 1 USD

Is Binance legal  in India?

Yes, Binance is legal in India. Moreover, it has acquired WazirX to expand its presence in the country.

Is Binance a  good investment?

The use-case of BNB is on the rise. With developing ecosystem. It is indeed a potential token to invest in. Make sure to DYOR

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