5 Cryptocurrencies Redditors are Buying Before Recession Begins

4. Binance Coin 

Binance Coin is the coin used on Binance, one of the largest crypto exchanges in the world. During times of crisis, trades related to crypto usually increase as investors panic and sell. Since a large number of these transactions are made on the Binance platform, they require the use of the Binance coin for trades, resulting in an increase in demand for the coin that subsequently has an impact on the price. In addition, the coin is also used for other purposes like payments processing and travel arrangements. 

Binance Coin is also one of the fastest-growing coins on the market. In 2017, one Binance coin was priced at around $0.10. By early April 2022, the price of one Binance coin had risen to around $445. This represents a gain of 445,000% in five years. Binance also has a global presence, meaning the exchange offers relative protection from reliance on just one or two markets. The trading fees on the platform are also one of the lowest globally, increasing the value it offers to crypto enthusiasts worldwide.