Binance: $BNB The Future of Exchanges. - page 119.

Call_Me_Bambi

sr. member

Activity: 574

Merit: 261

Quote from: Ale88 on January 26, 2018, 09:36:02 PM

Quote from: Bouriffe on January 26, 2018, 09:17:35 PM

- Binance Limited registration jurisdiction is not clearly mentioned: it seems it is Shanghai and not Hong-Kong (which should be a red flag in my mind)

In China they should have only a representative office, they should be registered in Hong Kong, so different laws from mainland China.

The top three Chinese exchanges have changes there names and re-registered in Hong Kong to get round the restrictions in crypto trading in China, there's more about it here.. https://cointelegraph.com/news/how-chinese-bitcoin-buyers-are-getting-around-government-ban

onebtcforlife

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Activity: 420

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Quote from: imsotiredofmoviereboots on January 26, 2018, 10:27:10 PM

I really like the CEO of Binance. He appears more often in interviews and blockchain events like he did in South Korea that makes me feel that my coins in their exchange very secured.

I see only he is the first person from the exchange attending the blockchain conference with a lot of movement in crypto exchange history. He has many plans in hands to implement with the Binance exchange but for everything, he needs some time in order to implement those.

ruben0909

member

Activity: 120

Merit: 10

I'm using binance and i loved it. But it needs to change the withdrawal fee of btc. The update of bitcoin happened on the previous week called lighning network cause to make the transaction fee cheap. Since there are 5million or more trading in binance i hope they change this as soon as possible.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Mankov on January 26, 2018, 10:29:06 PM

Quote from: bigcash2011 on January 26, 2018, 03:51:46 PM

I fear in the near future binance has to limit new token listing somewhat like poloniex, there are already a lot of pairs trading at binance and new projects and coins are constantly coming up, obviously binance cannot list them all, so lets see how binance will tackle this situation.

I don`t think so. Look at stockmarkets, there are thousands of stocks in the exchange. Why should this not able in cryptomarket, too? It`s very likely, that cryptomarket will replace stockmarket, one day.

Sure, How the more big companies already stated if they will try to issued their own token in the future and this should become a huge update for sure. I think that the fact that there will be a huge crypto stock market to disrupt real stock market. It's about the competition between stock market and crypto. I've heard so many times about that.

JohnDoe3490

full member

Activity: 378

Merit: 102

Quote from: cokkapaga on January 27, 2018, 12:19:26 AM

Quote from: imsotiredofmoviereboots on January 26, 2018, 10:27:10 PM

I really like the CEO of Binance. He appears more often in interviews and blockchain events like he did in South Korea that makes me feel that my coins in their exchange very secured.

Yes, BInance is the best exchange right now and the volume is very big there.
I think that binance will be exchanges top 1 in the world for the cryptocurrency market.

It is already the top exchange in the world. I'm hoping they can add more coins now because it looks like they are only using 1% of their trading engine.

cokkapaga

legendary

Activity: 867

Merit: 1000

Quote from: imsotiredofmoviereboots on January 26, 2018, 10:27:10 PM

I really like the CEO of Binance. He appears more often in interviews and blockchain events like he did in South Korea that makes me feel that my coins in their exchange very secured.

Yes, BInance is the best exchange right now and the volume is very big there.
I think that binance will be exchanges top 1 in the world for the cryptocurrency market.

Mankov

jr. member

Activity: 429

Merit: 7

Quote from: bigcash2011 on January 26, 2018, 03:51:46 PM

I fear in the near future binance has to limit new token listing somewhat like poloniex, there are already a lot of pairs trading at binance and new projects and coins are constantly coming up, obviously binance cannot list them all, so lets see how binance will tackle this situation.

I don`t think so. Look at stockmarkets, there are thousands of stocks in the exchange. Why should this not able in cryptomarket, too? It`s very likely, that cryptomarket will replace stockmarket, one day.

imsotiredofmoviereboots

full member

Activity: 476

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I really like the CEO of Binance. He appears more often in interviews and blockchain events like he did in South Korea that makes me feel that my coins in their exchange very secured.

Ale88

legendary

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🌀 Cosmic Casino

Quote from: Bouriffe on January 26, 2018, 09:17:35 PM

- Binance Limited registration jurisdiction is not clearly mentioned: it seems it is Shanghai and not Hong-Kong (which should be a red flag in my mind)

In China they should have only a representative office, they should be registered in Hong Kong, so different laws from mainland China.

Bouriffe

member

Activity: 336

Merit: 13

My Pros/Cons on Binance:

+ Stable and usable platform despite recent huge registration increase
+ High volumes so most pairs are very liquid and very close from CoinMarketCap prices
+ Low Fees (espacially if you pay fees in BNB)
+ No registration verification below 2BTC / 24h

= UI ergonomy is average

- Binance Limited registration jurisdiction is not clearly mentioned: it seems it is Shanghai and not Hong-Kong (which should be a red flag in my mind)
- Impossible to easily track Gain and Loss
- No PGP keys for mail exchange

Ale88

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🌀 Cosmic Casino

Quote from: jhontwis on January 26, 2018, 04:26:09 PM

Can BNB come at higher prices? I think he might come. But can it go up to $ 50? I do not think the BNB will come up with such a good deal for the purpose.

If I remember well Binance itself from time to time buys back some BNB coins and burn them, so this + the exchange growth should lead us to increase the value of the coin, correct me if I'm wrong.

huzurkan

hero member

Activity: 1064

Merit: 522

Proof-of-Stake Blockchain Network

If bitcoin stays at these levels, bnb may drop. market volume is very low now so the BnB price may be reduced. but it earns long term.

tmoney88

newbie

Activity: 142

Merit: 0

I love Binance personally, it has been a great exchange for me I've had no problems. However, I really do think that there is going to be a huge need for decentralized exchanges, and that they truly are the future. I'm very interested and keeping my eye on some of these up and coming new decentralized exchanges.

jhontwis

full member

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Can BNB come at higher prices? I think he might come. But can it go up to $ 50? I do not think the BNB will come up with such a good deal for the purpose.

bigcash2011

sr. member

Activity: 1442

Merit: 265

I fear in the near future binance has to limit new token listing somewhat like poloniex, there are already a lot of pairs trading at binance and new projects and coins are constantly coming up, obviously binance cannot list them all, so lets see how binance will tackle this situation.

Kalthir

copper member

Activity: 123

Merit: 0

BNB is in the coin vote list for Legolas! Legolas is an upcoming premium exchange focused on institutional investors, so that means high volume! Participate in the public ICO, starting on the 1st of February 12:00 PM GMT, at https://legolas.exchange and cast your vote!

vastmast

full member

Activity: 378

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ARIZN - Tokenised Crowdfunding Platform

Quote from: IMAR on January 24, 2018, 05:44:24 AM

I did not purchase Binance coins but I'm using its exchange platform for my trading. I just a beginner in trading and so far Binance platform is seems ok as there is no delay on the transaction/s being done.

If you are trading from this exchange, you should definitely buy this coin.
Both the commission fees fall and you can deal with odds. Otherwise you will lose a lot

futureofeth

member

Activity: 686

Merit: 10

Quote from: chefbauer on January 23, 2018, 04:19:41 PM

The problem with binance are that the fees are insanely high.
As long as they do not try to implement "kyc" or "aml" in their exchange, they will remain being the top 1 exchange for a long time..

Quote from: Chefironside on January 23, 2018, 02:29:16 PM

Binance will continue to grow. I like all these advanced token-based sharing sites like Binance, Kucoin, Cobinhood, etc., they all have a big community and a big future.

In order to secure people account from the hack, they will ask for KYC documents because in last conference i hear very soon they are going to conduct ICO's on Binance exchange and the Binance exchange has the legal team where they will do the verification procedure on behalf the people.

IMAR

member

Activity: 314

Merit: 20

I did not purchase Binance coins but I'm using its exchange platform for my trading. I just a beginner in trading and so far Binance platform is seems ok as there is no delay on the transaction/s being done.

cybercash

full member

Activity: 364

Merit: 101

Quote from: Darkwin on January 23, 2018, 04:54:29 PM

Long life binance guys... this exchange will be the best one of this year, it will be even bigger than bittrex and polo, and i think that we all agree on that.

Just let's wait until everyone recognize this exchange as the best one so far

What are you talking about? It is bigger than trex and polo...

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