What are the advantages of using WBNB instead of BNB?

3 answers

• Nov 25, 2021 · 3 years ago
  WBNB, also known as Wrapped BNB, is an ERC-20 token that represents BNB on the Binance Smart Chain (BSC). By using WBNB instead of BNB, users can access the benefits of the Binance Smart Chain ecosystem while still holding BNB. This allows for seamless interoperability between the Binance Chain and the Binance Smart Chain, expanding the utility and use cases of BNB.
  368184
• Nov 25, 2021 · 3 years ago
  One advantage of using WBNB instead of BNB is the ability to participate in decentralized finance (DeFi) applications on the Binance Smart Chain. Many DeFi platforms and projects are built on the Binance Smart Chain, and by holding WBNB, users can easily interact with these applications and take advantage of the opportunities they offer.
  339113
• Nov 25, 2021 · 3 years ago
  With the growing popularity of decentralized exchanges (DEXs), using WBNB instead of BNB can provide additional liquidity and trading opportunities. By wrapping BNB into WBNB, users can trade their BNB on decentralized exchanges like PancakeSwap, which is a popular DEX on the Binance Smart Chain. This opens up a wider range of trading options and potential profits for users.
  37795