The Binance project has been a transformational one since its inception in the year 2017.
The project was determined to succeed on all fronts to become a market leader by developing and building other micro projects within its ecosystem.
The associated developments have helped to transform the project from what it was to what it is today.
The BNB was developed initially on the Ethereum blockchain. Afterward, it migrated to its mainnet, the Binance Chain (BNB).
The funds generated during the ICO stage of the launching of the coin led to the development of the Binance Exchange.
The exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second as of today.
What is BNB coin?
BNB Coin is the native cryptocurrency developed by Binance which is used primarily to pay transaction and trading fees on the Binance Exchange.
However, the Binance team has also taken more steps to engage more business platforms and organizations to use the BNB coin as a means of payment for goods and services. This includes booking of tickets and flight reservations, hotel reservations and so much more.
BNB quick Overview
The BNB has a pragmatic leadership with Changpeng Zhao (CZ) as the CEO of Binance who has helped to spur the development of what the BNB coin is today.
According to CoinMarketCap, today’s Binance Coin (BNB):
|Trading price||$310 per BNB|
|Features in||Top 4 crypto projects|
|Trading volume (24 hours)||Over $2.859 billion|
|Market cap||Over $50.757 billion|
|Maximum supply||165 million|
|Circulating supply||163 million|
|All time high||$686.31 per BNB (10 May 2021)|
|All time low||$0.0398 per BNB (19 October 2017)|
What is the Klever Swap?
The Klever Swap feature is another powerful tool in the Klever wallet which has the potential of converting a large range of cryptocurrencies from one token to another token within a particular blockchain, and from one blockchain to another blockchain.
It allows users to exchange coins or tokens from one blockchain to another with 100% privacy and unrivaled speed.
The swap enables users to perform several transactions of swapping their tokens within the Klever wallet seamlessly, saving them the possible risk of losing their tokens in the process of moving the tokens across several exchanges at a minimal transaction fee.
The Klever Wallet opens a new window to financial freedom for all swap users as hundreds of tokens can be swapped using the swap service.
The Klever Swap involves basic processes to ensure the new and existing users with the least experience can make their transactions comfortably on their mobile devices.
This has in no little way helped new users gain access by holding cryptocurrencies of their choice by simply performing swap functions from the Klever wallet.
However, with the limitations and restrictions associated with some parts of the world, which place some restrictions on the use of certain cryptocurrencies, most of the users in such regions see themselves as fortunate to have encountered the Klever Wallet and as well the access to the swap feature.
How to swap BNB?
We have taken all necessary measures to make the steps accessible to everyone no matter your level of literacy. The basic steps are outlined as follows:
Step 1. Log in to your Klever Wallet with your unique password
Step 2. Select the swap icon (4th from your left)
Step 3. Select token or coin to be swapped (In this case BNB)
Step 4. Input the amount
Step 5. Select the coin or token you are swapping into (Any coin or token of your choice)
Step 6. The value of the amount to be swapped would be displayed
Step 7. Confirm the swap
Step 8. Wait for a few seconds to receive the swapped coin or token.
The Klever Wallet is creating the best utility for crypto services in a very user-friendly interface that enables whoever wishes to enter it to smoothly and efficiently interact with their funds and cryptocurrencies without any need to be a techy user and at a very low transaction fee.
This is an opportunity to invite all those who have not downloaded the Klever Wallet to do so and start enjoying the ease of using cryptocurrency in one of the best user-friendly wallets.