BNB
BNB is the fee coin of BNB Chain. Most people therefore hold a little of it involuntarily, enough to move the stablecoins that are the real reason they are on the chain. As an asset in its own right it moves like anything else here.
- Fee paid in
- BNB
- Settles about every
- 3 s
Transfers are quoted as a single amount with the fee inside, and holding BNB is not a precondition for sending anything on BNB Chain.
Questions
Do I need BNB to send BEP20 tokens?
No. The BNB fee is charged inside the operation, in the token you are sending.
How fast is a transfer?
BNB Chain produces a block about every three seconds.
Is BNB Chain the same thing as Binance?
No. BNB Chain is a public network anyone can use; Binance is a company that created it. An address here is not an account there.