BNB use cases in the Binance ecosystem: Part 1

Every Binancian knows that BNB fuels the Binance Ecosystem. But apart from being the native coin of Binance Chain, what are the real BNB use cases for Binance users to actually own it? In this article, were going to cover many of the countless perks you get from holding BNB as a Binance user.

In our Binance 2019: Year in Review, we counted that the number of all possible use cases for BNB was already greater than the number of all listed coins on Binances spot exchange. This is just the beginning.

Due to the number of use cases, we will divide this article into two parts. In this article, we will cover the utility and earning BNB use cases inside the Binance ecosystem. In a second article, we will reveal the many discounts and doors that BNB opens for its hodlers.

But before we dive any further… Its time to buy yourself a new phone with BNB!Did you know that Binance has its own blockchain phone? Were near the end of a special promo for all of the hardcore Binancians: Purchase an HTC EXODUS 1 - Binance Edition and get $100 cashback in BNB!

Why would we mention this promo here? Because, of course, you can purchase the phone with BNB! Be quick as the promo ends in 9 days - 2020/02/20 0:00 AM. These are the last days to buy the special-edition, Binance-branded phone.

Lets move on to more of BNBs use cases: Utility and Earning.

#1 Convert your wallets dust balance to BNB

Within a cryptocurrency exchange (...) the term dust refers to small fractions of cryptocurrencies that are left from trades. Most exchanges have a minimum trade requirement, meaning that these small amounts are unable to be transacted. — Binance Academy

In Binance dust refers to a balance of an estimated value lower than 0.001 BTC. Dust can arise in your Binance account in three cases:

• As a leftover from trades (in case youve opted out of paying the trade fees with BNB)

• As a commission for transactions of your referrals from the Referral Program

Binance allows you to convert all of your accounts dust no matter its origin to BNB in five clicks: visit your accounts Spot Wallet Balance, choose Convert to BNB ». select assets you want to convert manually or tick All, choose Convert, and finally confirm the conversion. Viola. Dust is gone, BNB is on.

#2 Earn Bitcoin by paying your reservations on TravelbyBit with BNB

Have you always had a problem spending your BNB? Now you can get Bitcoin back for your flight and hotel bookings with TravelbyBit!

TravelbyBit customers can earn up to 10% rewards in Bitcoin when booking eligible trips on TravelbyBit.com, and, even better, flights and accommodation can be paid through BNB.

For more details, refer to this blog p ...

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