Binance about to offer Fiat-Crypto Trading. - page 4.

katiecbell

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Quote from: _bitnews_ on June 17, 2018, 06:48:45 PM

Yes, it really will have a positive impact on the crypto currency market, too. If Binance starts trading in fiat currency, this will contribute to the inflow of cash into the crypto currency.

It would have a great impact in the long run and we will at least with this options get to start seeing a lot of the space maturing gradually and getting to see some projects not being reliant on bitcoin's movement which is basically most of the things we get to see these days.

As time goes on, I believe we will get to see this springing up in a lot of exchanges and will gradually become a norm with some active regulations.

Sowik

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I thought the CEO of Binance said they will not be adding FIAT Pairs anytime soon or not at all, that they will keep it crypto to crypto exchange only. Maybe they will open another exchange for that?

Camorra Dev

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Yes it is really great because from all the other competitors in this thing would put an emphasis on them, and they would be able to stay at the first place longer

bocyaj

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Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Yes .It is possible to exchange the FIAT with the crypto currency. Previously bitcoin adopted by the small amount of people.Now you can use localbitcoin to do the same .In this you have pay to the seller in terms of FIAT to get the bitcoin in your wallet.It's secured and safe.

cloudproject

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well i think that was being nice if it done by binance, binance is the largest market after all and i think it can easily improve the choice of user itself when using it

shield132

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Quote from: Thirdspace on June 21, 2018, 05:01:06 AM

if binance starts fiat/crypto trading then most likely they will also start allowing fiat deposit/withdrawal
and when that happens, to follow regulations they would start complying with KYC and AML rules
so... they will make user verification as mandatory Lips sealed

am I right?
if you don't like the idea of KYC stuff, withdraw your cryptos out of binance now

Yeah, I agree with you, even websites without fiat already require KYC stuff and imagine if they offer fiat deposits (which I highly think will be implemented too), verification will be as simple rule as it's in any bank.
But great fact I found in article is that they plan to create 1 billion cryptocurrency-based fund to support blockchain and crypto startups.

beerlover

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Quote from: megamanexe002 on June 08, 2018, 11:10:31 AM

Quote from: nabinkhadka on June 06, 2018, 05:38:47 PM

I think this will happen eventually, bittrex has recently introduced this system which is a very good sign that crypto will be adopted. so this is very good news that is likely to happen. and yes a backbone for another big bull,

I do not trust binance this time, i have colleagues who actually invest cryptocurrency on binance and there is one issue occur which they lost a huge amount of their coins due to the system fails when the price of cryptocurrency has drastically changed.

The value of a cryptocurrency drastically changing is not supposed to be on binance. This is a market, if the value drops and your friend ended up losing a lot of money based on some pump and dump, it is just the market your friend is holding, so rather than trying to shift the blame on binance, maybe you should ask your friend the shit coin he was holding.

It is necessary for you to know that this is a decentralized market and you do not want to be holding a coin with no team or project.

Shenzou

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Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

This seems like a great addition to the trading market, but i wish they would allow fiat to crypto exchange and crypto to fiat exchange because that would make a lot of our lives easier and also i wish they would make verification much easier i know they are trying to be secure and keep thing legal but its seems too much for me, plus using their site can be a bit overwhelming for new users even with the basic stuff.

Coinsher

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If this will be happened, I think more people will be joining in the Binance team as more people are likely to have a crypto-fiat trading and vice versa. I hope that the team will be able to pursue this plans so that more people will experienced an easy way of transaction with less fees.

gabmen

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Quote from: Siren on June 21, 2018, 06:57:08 AM

Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Sure thisi will become to happen soon,local exchanges had been having this method that even ethereum,ripple and bitcoin cash can be convertible into fiats means innovation is happening and soon all the active and legitimate coins will be ready to be converted in real money.

Well that's going to be big if that pushes through. And that will push those alts forward if fiat isn't required to be converted to btc first before trading and vise versa. Would also attract more traders to use binance so good move oj their part

Bessta

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This is an awesome innovation if you want to stay on top. Surely this is the result of competition... the birth of great exchange. This i think will pump up the prices of top alts.

Siren

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Quote from: Anthony1985 on June 06, 2018, 05:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

Sure thisi will become to happen soon,local exchanges had been having this method that even ethereum,ripple and bitcoin cash can be convertible into fiats means innovation is happening and soon all the active and legitimate coins will be ready to be converted in real money.

crypki21

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Activity: 72

Merit: 10

Yeah, that would be great. When I first wanted to try trading crypto and invest some money into it, I found that very annoying that I cannot do that like buying something from my card or paying into some online casino. As cryptocurrencies are supposed to make payments easier it would be nice to easily change fiat to crypto.

Camorra Dev

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It would be really so much more comfortable than it is right now because for now if you sell your tokens in exchange to bitcoin and then you need to move your bitcoin into another exchange to sell it to Fiat.

Thirdspace

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if binance starts fiat/crypto trading then most likely they will also start allowing fiat deposit/withdrawal
and when that happens, to follow regulations they would start complying with KYC and AML rules
so... they will make user verification as mandatory Lips sealed

am I right?
if you don't like the idea of KYC stuff, withdraw your cryptos out of binance now

tranthetai

newbie

Activity: 56

Merit: 0

The plans to open an exchange on the territory of Malta cane earlier this year, in March. The exchange was forced to make this plan after Japan's regulators and financial authorities warned it about not being properly registered. This new development came after Japan's decision to make crypto regulations even more strict. The result includes the necessity for all crypto exchanges to obtain a special license, which is something that foreign exchanges have a hard time to accomplish.

Safebit.io

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That's terrific. I wonder what will happen to all the stable coins...

yugyug

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As i see the influence of cryptocurrencies moves towards East as many Asian countries are so innovative when it comes to cryptocurrency innovations like last years Japan and Korea have a greater influence on the price hike of BTC, and now the Binance with an Asian origin has got new innovations too which could lead to pump some top altcoins.

naidray

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Quote from: Camorra Dev on June 08, 2018, 10:44:42 AM

I think the more competition is going on the better and more comfortable service would they provide For us to use their platform

Competition has over the years always been a good thing and there is no doubt it would usher in a lot of growth for the space.

As long as some exchanges keep doing it better and getting huge volume, those who are far behind will keep looking for ways in which they can get to do it better to at least create some attention to them as well. No one would want to end up losing out big as an exchange in the long run due to just staying in their comfort zone.

mrtryonebiggums

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It would be brilliant but I will believe it when I see it. It seems everyday more and more exchanges are hampered by KYC and regulations, I hope that Binance can make it through all that and launch this exchange.

Topic: Binance about to offer Fiat-Crypto Trading. - page 4. (Read 906 times)