How to Convert TRX to BNB
In the past, converting TRX to BNB was a challenging, time-consuming, and unsafe process. These days, however, it is possible to complete these conversions at the click of a button, thanks to exchanges like Rubix. We let our users complete their TRX to BNB transactions in a fast and safe environment where their security and user experience is of paramount importance. Rubix is your go-to platform to complete TRX to BNB conversions, as well as a whole host of other crypto and fiat exchanges.
About TRX & BNB
What is TRON?
TRON is a decentralized, digital platform which operates on its own blockchain. This blockchain has a native cryptocurrency token known as Tronix or TRX. Back in 2014, entrepreneur Justin Sun established the platform before launching it officially in 2017 as the TRON Foundation. The purpose of the TRON network is to host a global entertainment system that provides a cost-effective means of sharing digital content between its users. TRX was an Ethereum-based token at its launch before switching protocol to its own blockchain in 2018. By early 2019, the market cap of TRON was in excess of $1.6 billion and interest in the technology was steadily increasing. Shortly after this impressive valuation, the Tron Foundation acquired BitTorrent which started its own token sale on the TRON network. In the future, the TRON cryptocurrency looks set to increase in popularity as more real-world uses are established.
What is Binance Coin?
In 2017, the Binance Coin was created on the Ethereum blockchain as an ERC-20 token, but moved later to the Binance Chain. Due to the native token of the Binance Chain, Binance’s very own blockchain, holders of the BNB can use it for several purposes, including exchanging for other cryptocurrencies, paying credit card debt, facilitating the processing of payments on the blockchain, and booking travel and entertainment. Every quarter the Binance group uses 20 percent of its profits to buy back and destroy BNB tokens. This process will continue until 100 million, which is half of the total token supply, has been destroyed. The motive behind this quarterly burn is to ensure that the supply of BNB remains scarce while also causing it to hold its value. Due to this quarterly burn, BNB looks set to remain a popular cryptocurrency for the foreseeable future.
Convert TRX to BNB using Rubix
Using Rubix to convert TRX to BNB ensures you benefit from a safe transaction at the best possible rates. Rubix is an exchange that boasts the latest in security technology to keep all of its users and assets safe. We offer users the ability to convert TRX to BNB and other crypto and fiat currencies, including the U.S. dollar and the Euro. It is this combination of features that sets Rubix apart from the competition.