BNB Chain (formerly BSC): The Appeal of Low Transaction Fees

BNB Chain (formerly Binance Smart Chain) is a blockchain developed by cryptocurrency exchange Binance. Since its launch in 2020, it has gained widespread support from users due to its low transaction fees and fast processing speeds.

Why Are BNB Chain Fees So Low?

The reason for BNB Chain's low fees lies in its network structure. By adopting an efficient consensus system with 21 validators, it achieves faster processing while keeping costs down.

Typical transaction fees are around $0.10-0.30. Compared to Ethereum's $5-20, the difference is clear. Even for NFT purchases and sales, fees usually stay under $1.

Use Cases for Fan Support Activities

In Japan, BNB Chain is increasingly being used for "oshi-katsu" (fan support activities). For activities involving many small transactions—such as tipping artists, purchasing limited NFTs, or using community tokens—low fees provide a significant advantage.

For example, if you tip your favorite creator $10 ten times a month, Ethereum fees alone could cost $50-200, while BNB Chain fees would only be around $1-3.

Major Services and Ecosystem

BNB Chain hosts numerous DeFi (Decentralized Finance) services, led by PancakeSwap. Multiple NFT marketplaces also exist, serving as platforms for creators to sell their work.

Japanese projects are increasing, with services specifically designed for fan support activities emerging. OSHIPay is also scheduled to support BNB Chain when it launches in April 2026.

Points to Consider

It's important to understand that BNB Chain has centralized aspects. Operation by 21 validators doesn't qualify as fully decentralized. Additionally, security incidents occurred in 2022, making risk management essential when using the platform.

Getting Started

To use BNB Chain, you need to add the network to a compatible wallet like MetaMask and acquire BNB tokens. For beginners, we recommend starting with small amounts.

Summary

BNB Chain is a blockchain characterized by low fees and fast processing speeds. It's particularly suitable for small, frequent transactions like those in fan support activities. However, security considerations are also necessary. It's important to use it appropriately based on your specific needs.