Binance: $BNB The Future of Exchanges. - page 117.

antigin

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Quote from: jerry0 on February 05, 2018, 11:13:15 PM

Can someone explain the binance coin with regards to discount? So i read if you have binance coin, every trade you make, you get 50 percent off. But does that mean if you are trading your btc for an altcoin... as long as you have 1 binance coin in your wallet... then that applies? Or do you need to use bnb to trade against the altcoin you want in order to get the discount. So could you just buy 1 binance coin for your btc... then basically trade your btc for altcoins and get discount or not?
Or do you only get discount if you trade binance coin with the other coins. Such as with btc, you need to convert everything to bnb... then use that to trade with altcoins?

Not matter what you trade, if you have activated BNB discount then any trade you make you will pay 0.05% fee with you BNB token. You can trade BTC, ETH, BNB or USDT markets, no matter.

Quote from: jerry0 on February 05, 2018, 11:14:23 PM

What 2FA is the best to use with binance? Is google authenticator preferred vs sms?

I recommend Google Authenticator.

Quote from: jerry0 on February 05, 2018, 11:14:23 PM

Also are there issues if you have btc sent to binance from a gambling website? I read a while back coinbase would ban users if they send btc directly from coinbase to a gambling site or have a gambling site send btc directly to coinbase.
Are there any issues like this with binance or not?

I've never heard anything about this or any similar story about Binance. For example Poloniex do not like when you use the exchange as a wallet sending miners rewards to it. I doubt Binance will ban you for sending your BTCs from gambling site.

jerry0

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What 2FA is the best to use with binance? Is google authenticator preferred vs sms?

Also are there issues if you have btc sent to binance from a gambling website? I read a while back coinbase would ban users if they send btc directly from coinbase to a gambling site or have a gambling site send btc directly to coinbase.

Are there any issues like this with binance or not?

jerry0

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Activity: 1792

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I have account on binance.

Can someone explain the binance coin with regards to discount? So i read if you have binance coin, every trade you make, you get 50 percent off. But does that mean if you are trading your btc for an altcoin... as long as you have 1 binance coin in your wallet... then that applies? Or do you need to use bnb to trade against the altcoin you want in order to get the discount. So could you just buy 1 binance coin for your btc... then basically trade your btc for altcoins and get discount or not?

Or do you only get discount if you trade binance coin with the other coins. Such as with btc, you need to convert everything to bnb... then use that to trade with altcoins?

antigin

full member

Activity: 275

Merit: 218

Quote from: Estrath on February 05, 2018, 12:11:12 PM

The answers above are not very accurate.
The exchanges have 2 main sources of income. The first is a commission for trading. And the second is the payment for the coin's listing. Small exchanges take a new coin just like that, even if it's not just a very trustworthy project. Larger exchanges examine the coin more thoroughly, sometimes can even ask for a symbolic amount for the listing. But such exchanges as Binance - with billions in trading volume, do not simply take a coin. It costs a very large sum of money and small projects. Today, placing a coin on Binance is worth $ 1.5 million.
I hope now you understand where resources come from?

I believe that CZ recently said that coin listings are free. Just need to pass the complex test (team, idea, hard cap, roadmap etc and some secret criteria) reviewed by special team first then by CZ at finish.

Quote from: Pivooooo on February 02, 2018, 11:15:29 AM

One of the advisors for Binanace is Da Hong Fei – The founder of NEO. This means that there is a strong partnership between Bianace and NEO. Currently, Bianace is the only exchange that gives NEO GAS for holding NEO on the exchange. The exchange takes a snapshot of the NEO balance on a daily basis and will distribute NEO GAS based on the snap shotted balance. I'm gradually buying on kickbacks!

Kucoin also distributes GAS to NEO holders. On daily basis.

Ale88

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Quote from: Estrath on February 05, 2018, 12:11:12 PM

Today, placing a coin on Binance is worth $ 1.5 million.

Where did you get this kind of information? Is there any kind of "public price list" to be listed on the various exchanges?

Estrath

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Quote from: ?? on ??

Maybe a stupid question but I just want to know how the employees at binance get payed for their work. Do they get payed in crypto, in that case what and where does that crypto come from? If they get payed in fiat where does that fiat come from?

The answers above are not very accurate.
The exchanges have 2 main sources of income. The first is a commission for trading. And the second is the payment for the coin's listing. Small exchanges take a new coin just like that, even if it's not just a very trustworthy project. Larger exchanges examine the coin more thoroughly, sometimes can even ask for a symbolic amount for the listing. But such exchanges as Binance - with billions in trading volume, do not simply take a coin. It costs a very large sum of money and small projects. Today, placing a coin on Binance is worth $ 1.5 million.
I hope now you understand where resources come from?

gulypz

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It fell at BNB with the whole market. However, the BNB will be able to outperform the $ 20 level in the future. Binance is growing everyday.

newcoin01

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Quote from: ?? on ??

Maybe a stupid question but I just want to know how the employees at binance get payed for their work. Do they get payed in crypto, in that case what and where does that crypto come from? If they get payed in fiat where does that fiat come from?

And where does the fee from withdrawals and trades go?

Cryptocurrencies can be cashed out.
I don't know if they are paid out with cryptocurrencies or nor but maybe they can get some bonusses as cryptocurrency.

Ale88

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Quote from: ?? on ??

Maybe a stupid question but I just want to know how the employees at binance get payed for their work. Do they get payed in crypto, in that case what and where does that crypto come from? If they get payed in fiat where does that fiat come from?

And where does the fee from withdrawals and trades go?

I don't know if they get paid fiat or crypto, maybe they can choose because at the moment you don't usually buy food with cryptos, but the exchange gains money thanks to the commissions, so they can sell part of those cryptos they get and pay the people.

Leooo

jr. member

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Quote from: coininvesting1 on August 11, 2017, 01:27:45 PM

$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.

It has a strong competition with HT and ofc with the other coins enlisted on binance.
HT is still new and cheap and potential to rise.

Binance_Angels

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Binance Exchange

Quote from: oturanbilboa on February 02, 2018, 06:10:06 PM

Quote from: jeda2000 on February 02, 2018, 10:41:26 AM

Binance is constantly expanding. They are doing very interesting campaigns. In this case, BNB is reflected positively. I think you can see the $ 25 level.

It is difficult to have a rise in price as you have mentioned in a short time. We can see the prices you mentioned as if binance will be first exchange.
The most important is that the exchange will create a positive image.

We are always working extremely hard to bring a positive impact to the community. Thank you for supporting us.

oturanbilboa

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Quote from: jeda2000 on February 02, 2018, 10:41:26 AM

Binance is constantly expanding. They are doing very interesting campaigns. In this case, BNB is reflected positively. I think you can see the $ 25 level.

It is difficult to have a rise in price as you have mentioned in a short time. We can see the prices you mentioned as if binance will be first exchange.
The most important is that the exchange will create a positive image.

Veseloff

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Revolutionising Marketing and Loyalty

Who can help? How to withdraw fractional parts from coins? They say that you can use BNB as a commission and then you can withdraw the coins completely, is that so?

Gobeller

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Quote from: Pivooooo on February 02, 2018, 11:15:29 AM

One of the advisors for Binanace is Da Hong Fei – The founder of NEO. This means that there is a strong partnership between Bianace and NEO. Currently, Bianace is the only exchange that gives NEO GAS for holding NEO on the exchange. The exchange takes a snapshot of the NEO balance on a daily basis and will distribute NEO GAS based on the snap shotted balance. I'm gradually buying on kickbacks!

Yeah nice point, that's the main reason of GAS distribution on Binance exchange. Other exchanges are not doing this as far as I know. But the problem binance is overcrowded and they are not doing a good customer support.

loky4i4

newbie

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Quote from: Apekool on February 02, 2018, 06:13:44 AM

Binance exchange is tripping hard times. I log in, see funds/account, then it's gone again, then auto-F5 every few seconds.

Bad omen. Just now it's happening, not the hours before.

same ,but on smartphone is working as usual

krm4700

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I have done research on the project for this, it is not clear in the near future that it will make us good money but it is in my long term plans

Pivooooo

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One of the advisors for Binanace is Da Hong Fei – The founder of NEO. This means that there is a strong partnership between Bianace and NEO. Currently, Bianace is the only exchange that gives NEO GAS for holding NEO on the exchange. The exchange takes a snapshot of the NEO balance on a daily basis and will distribute NEO GAS based on the snap shotted balance. I'm gradually buying on kickbacks!

shellyfinest

member

Activity: 94

Merit: 11

Quote from: Apekool on February 02, 2018, 06:13:44 AM

Binance exchange is tripping hard times. I log in, see funds/account, then it's gone again, then auto-F5 every few seconds.

Bad omen. Just now it's happening, not the hours before.

I haven't had issues with Binance in the last month ... I hope what you are saying is temporary

jeda2000

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Binance is constantly expanding. They are doing very interesting campaigns. In this case, BNB is reflected positively. I think you can see the $ 25 level.

Apekool

member

Activity: 126

Merit: 13

The internet > you

If you're account becomes compromised now you cannot get in to alter the smartphone authentication code etc.

Topic: Binance: $BNB The Future of Exchanges. - page 117. (Read 132136 times)