FixedFloat | Exchange Binance Coin to Tron
EXCHANGE BINANCE COIN TO TRON
What do you need to know?
- The average time to exchange BNB for TRX is from 1 to 2 minutes
- You need 1 confirmation of the BNB blockchain for the exchange
- No need to enter Memo when sending BNB
Binance Coin (BNB) — Binance Exchange Token
The BNB Coin cryptocurrency was released through an ICO that took place in July 2017. As a result, they raised $15 million. Binance Coin was created as an ERC20 token and originally worked on the Ethereum blockchain. But in 2019, the coin “moved” to its own blockchain. The ERC-20 standard is still adopted by the Binance exchange.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Binance Coin. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient.
In our exchanger, when sending BNB you do not need to specify Memo.
Binance Coin Blockchain Speed
An exchange requires 1 confirmation. This operation takes place in a few seconds.
TRON at a glance
TRON is a blockchain-based decentralized open source platform founded by the Chinese company TRON Foundation, which is registered in Singapore. The main cryptocurrency platform is TRONIX (TRX). For the first time, the platform became known in the summer of 2017 from the Chinese entrepreneur Justin Sun.
Transaction processing speed in the TRON blockchain
The network is capable of processing about 1,500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm your transfer. As the number of active nodes increases, this time may change.