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Topic: Binance: $BNB The Future of Exchanges. - page 117. (Read 131881 times)

full member
Activity: 1750
Merit: 186
February 06, 2018, 10:45:12 PM
I got it to work with the market order.  But if i do the limit order, what price btc am i suppose to put it at?  Is it the price in terms of btc on the top or bottom chart with the amount of coin available and the price?  Because i assume its the top one as the price there is higher?
full member
Activity: 275
Merit: 218
February 06, 2018, 10:24:26 PM
I tried 999 still same error.  Can someone tell me why im having this issue?
It's possible that market price may have increased between you clicked Max and Buy buttons. Try to use limit order or try again market order, for example, quickly click limit then market tab then max and buy or try to decrease amount to buy.
full member
Activity: 1750
Merit: 186
February 06, 2018, 09:23:29 PM
I tried 999 still same error.  Can someone tell me why im having this issue?
full member
Activity: 1750
Merit: 186
February 06, 2018, 09:19:09 PM
Hey all.  I bought a tiny amount of bnb coin for the 50 percent fees.


When i go to buy the altcoins with my btc... i click on market price.  Then let say when you click on how much it shows you the max.  Say you could buy 1000 of these coins and each are around 5 cent.  When i put down 1000, it says


order failed insufficient balance binance


Can someone tell me why?  Does that mean i need to put 999?
hero member
Activity: 901
Merit: 500
February 06, 2018, 07:49:26 PM
You need to turn on(I think it's automatically turned on already) and need to have BNB in your account to pay it with BNB.
no it's not automatically. You can choose what fees you would like to use. But ofcourse many people would choose pay with BNB token.

full member
Activity: 1750
Merit: 186
February 06, 2018, 07:49:15 PM
Also im confused looking at the binance chart.  When i click on a coin, there is how much coins are available at btc price on the top and the bottom. 


The top is the buy price and the bottom is the sell price right?


On bittrex, the buy is on the right side and sell is on the left.
full member
Activity: 1750
Merit: 186
February 06, 2018, 07:46:15 PM
Can someone explain how do i buy a bnb coin at binance?  I have btc already in my binance account.  I want to buy a coin but i want to get the discount etc.  Could i buy just 1 dollar of the bnb coin or should i buy 1 bnb coin?  The thing is i dont plan to do lot of trades etc.  But i guess it doesnt even matter since if i dont need it... well binance coin goes up and down in price right?  Thus i could always convert it back to btc or usdt?
sr. member
Activity: 798
Merit: 263
February 06, 2018, 07:40:50 PM
Yes, it should work like that even though I have more BNB in account. Given that BNB coin also
goes up nicely over time, holding it is just fine.
full member
Activity: 1750
Merit: 186
February 06, 2018, 07:34:02 PM
Okay so for example.  Say i want to buy 500 dollars of a coin.  Trading btc for that altcoin.  What i should do is buy like just 1 dollar worth of binance and thats enough since converting 500 worth of btc to altcoin cost around 0.25?
member
Activity: 130
Merit: 10
February 06, 2018, 06:59:33 PM
yeah should have some bnb to pay for fee's - even if its just like one, it's probably worth it unless you use binance only once.
full member
Activity: 275
Merit: 218
February 06, 2018, 11:35:37 AM
Wait.  So you need to buy BNB to pay for the trading fees?  Can someone here confirm this?  So say you trade btc for lisk for example... you telling me if you want to pay with the discount, you need to have bnb enough to pay for the fees?  Thus instead of paying for frees directly, you will be paying with bnb?
Yes, of course! You need BNB coins on your account balance and discount option switched ON. Then your fee will be 0.05% on any trade, but the commission will be charged in BNB and again on ANY trade. So that why you need to buy and hold at least some amount of BNB on your account.
full member
Activity: 1750
Merit: 186
February 06, 2018, 10:37:02 AM
Wait.  So you need to buy BNB to pay for the trading fees?  Can someone here confirm this?  So say you trade btc for lisk for example... you telling me if you want to pay with the discount, you need to have bnb enough to pay for the fees?  Thus instead of paying for frees directly, you will be paying with bnb?
newbie
Activity: 76
Merit: 0
February 06, 2018, 10:33:59 AM
i think 50$ in 2018
full member
Activity: 322
Merit: 102
February 06, 2018, 10:18:25 AM
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.

What 2FA is the best to use with binance?  Is google authenticator preferred vs sms?
I recommend Google Authenticator.

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.


Im confused.  So you don't even need to buy any binance coin?  You just need to have bnb discount option turned on?  Or you need to buy at least 1 bnb coin.

You need to turn on(I think it's automatically turned on already) and need to have BNB in your account to pay it with BNB.
full member
Activity: 1750
Merit: 186
February 06, 2018, 09:57:57 AM
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.

What 2FA is the best to use with binance?  Is google authenticator preferred vs sms?
I recommend Google Authenticator.

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.


Im confused.  So you don't even need to buy any binance coin?  You just need to have bnb discount option turned on?  Or you need to buy at least 1 bnb coin.
full member
Activity: 275
Merit: 218
February 06, 2018, 02:15:28 AM
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.

What 2FA is the best to use with binance?  Is google authenticator preferred vs sms?
I recommend Google Authenticator.

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.
full member
Activity: 1750
Merit: 186
February 05, 2018, 11:14:23 PM
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?
full member
Activity: 1750
Merit: 186
February 05, 2018, 11:13:15 PM
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?

full member
Activity: 275
Merit: 218
February 05, 2018, 10:42:14 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.

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.
legendary
Activity: 2380
Merit: 2369
Catalog Websites
February 05, 2018, 07:47:54 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?
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