Binance: $BNB The Future of Exchanges. - page 123.

GirlBitcoin

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Dronair Best Operating For Cargo Robotics Industry

Quote from: Mjc14ca on January 20, 2018, 11:55:32 PM

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.

DecentraliZed exchanges are the future, no risk of being hacked or stolen, Loopring, Radar Relay is on beta right now you can trade ledger to ledger or via Meta Mask; and so many emerging more than I can name. Also fees are too high, Binance is more expensive, 3.5 wabi to withdraw, thats $10.5 to withdraw ether based token, and thats after the drop $5 high.

Binance is getting a lot of attention from the cryptocurrency market because of the many advantages that this site offers investors. I trade quite a lot in Binance and I feel very happy about my commercial experience. With the high security, fast transaction, easy to use interface even if you are new, it is the advantage that Binance is bringing to investors and received great support now.

torry28

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Quote from: therulemaster on January 21, 2018, 08:25:43 AM

BNB is an exchange of chinese so i guess people are going to prefer Poloniex or Bittrex much more than that one even the withdraw fee is cheaper.

Nope. Nowdays people will likely "leave" Poloniex and bittrex soon due to their difficult verification. People need to verify their account first before start trading on Bittrex and (soon) on Poloniex, but to get verified on both sites you need to wait (around 1 week (if you are lucky enough) until months or even a year to get verified).

therulemaster

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BNB is an exchange of chinese so i guess people are going to prefer Poloniex or Bittrex much more than that one even the withdraw fee is cheaper.

DGulari

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Quote from: sollahp on January 21, 2018, 05:22:10 AM

Quote from: kolesozw on January 19, 2018, 06:42:05 PM

Binance is currently the best exchange around and it's worth to own BNB.

My fears are Binance to not follow Polo or Bittrex from too many customers and overloading.

I know BNB is a good exchange but why they release their own coins? What does that mean for real? More profits?

That's marketing planning/strategy. They decided to release BNB token to attract people, and their token also has another function which will make your withdrawal fee become cheaper than using other currency (-50% fee!).
They are planning to make BNB token supply into 100 M token with buy back and burn strategy.

burdeN

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Quote from: sollahp on January 21, 2018, 05:22:10 AM

Quote from: kolesozw on January 19, 2018, 06:42:05 PM

Binance is currently the best exchange around and it's worth to own BNB.

My fears are Binance to not follow Polo or Bittrex from too many customers and overloading.

I know BNB is a good exchange but why they release their own coins? What does that mean for real? More profits?

I think yes. Their coin has gained a lot since release and it's mean nice profit for them. Their monetization model is quite interesting and I won't be surprised if we will see same model used in other exchanges

rapidleech

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Binance will stay for quite long time, it has pretty big market ,but we see serious competitors like kucoin.com, which have lower fee.
also ive sent ticket to Binance support 10 days ago, still no response

sollahp

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Quote from: kolesozw on January 19, 2018, 06:42:05 PM

Binance is currently the best exchange around and it's worth to own BNB.

My fears are Binance to not follow Polo or Bittrex from too many customers and overloading.

I know BNB is a good exchange but why they release their own coins? What does that mean for real? More profits?

Mjc14ca

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Activity: 28

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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.

DecentraliZed exchanges are the future, no risk of being hacked or stolen, Loopring, Radar Relay is on beta right now you can trade ledger to ledger or via Meta Mask; and so many emerging more than I can name. Also fees are too high, Binance is more expensive, 3.5 wabi to withdraw, thats $10.5 to withdraw ether based token, and thats after the drop $5 high.

flinty69

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Binance is my go to exchange. It just works when other exchanges seem to get overloaded or fail or shut down termpoarily. It's also cheap and has a good range of coins. For thee reasons I think BNB has a strong future. Yes there is competition but Binance have their heads screwed on and are tuned in more than other exchanges to the crypto game.

Apekool

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The internet > you

Quote from: sebastianpenguen on January 19, 2018, 06:37:11 PM

Quote from: krm4700 on January 19, 2018, 08:51:42 AM

BnB coin was too much for me. I need to be careful of the beautiful pump seven I think that ultimately the money is not earned easily move it according to it. So many coins have risen well, of course they will eat it right

They expand in inevitable way and they won't be able to handle the support tickets. I'm sorry but in the future we will see many problems on Binance platform. They will not answer customers just like other exchanges.

I see some future implications in this as well.

Not because their support is failing, it's actually doing pretty well given the amount of registrations, but because of their strict prerequisites in job appliance. For example, there is the requirement to speak (fluently) English and either Chinese or Japanese. This seems reasonable in comparison to the origin of traders, however it is ridiculous in practical sense because almost no one in Europe and the USA speaks either Chinese nor Japanese. If they want to attract Europeans and other nationalities, then they should lose the Chinese and Japanese language restrictions.

Currently mailing them as well. Just thought of this, thanks ^^

gomei

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A few hours ago, huobi and Okex made announcements about their token release plan, it seems two exchange tokens are on the way, maybe the BNB will face some challenge in the future.

minatour

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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.

yes I think the same, binance is a trusted market, I also do a lot of trading in binance, I think binance deserve to get top market award, may the future binance will be brighter

Bartercoin

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We would love to join with Bartercoin on the next Community Coin per Month. Round 5 was the last one. Is it already known when you can sign up for round 6 and when it will take place?

kolesozw

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Binance is currently the best exchange around and it's worth to own BNB.

My fears are Binance to not follow Polo or Bittrex from too many customers and overloading.

sebastianpenguen

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Activity: 308

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Quote from: krm4700 on January 19, 2018, 08:51:42 AM

BnB coin was too much for me. I need to be careful of the beautiful pump seven I think that ultimately the money is not earned easily move it according to it. So many coins have risen well, of course they will eat it right

They expand in inevitable way and they won't be able to handle the support tickets. I'm sorry but in the future we will see many problems on Binance platform. They will not answer customers just like other exchanges.

whd

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looks like they will not close registration anytime soon, good

JohnDoe3490

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It is good that he will only keep the best coins on binance. The website needs serious server upgrades to keep up with demand.

krm4700

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BnB coin was too much for me. I need to be careful of the beautiful pump seven I think that ultimately the money is not earned easily move it according to it. So many coins have risen well, of course they will eat it right

newcoin01

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Quote from: HolaHey on January 19, 2018, 06:10:14 AM

Binance CEO spoke to the audience not so long ago. Below you can see the abstract of his speech:
1) Exchange has received more than 5,000 applications for listings. Token grew up in a 200+ times (the highest mark). It has more than 6.000.000 customers, this is despite the registration closed . Now 40,000 transactions per second, but it is less than 1% of the load of their servers.

2) They accept less than 3% of applications for listings. It is important that the liquidity was more or less evenly distributed on all trade pairs (not like in some exchanges, where all momentum is in 2-3 coins). Applications can be submitted only through the website, communicating directly with CEO does not help. The team that considers applications works incognito and has no right to communicate with the outside world (even can't ask questions about the project). Without the approval of this team the token would not be listed even if it has 2kk$ market cap - complete the form first. If they approve, then in the business team start discussing the terms of the transactions, listing fee, etc. Projects do not know when would they be listed. Therefore, if the project says it will be listing on Binance to a specific day - usually fake plus if not - may lead to cancel the listing.

Was it from South Korea conference? I'm planning to take a look.
Good cathes about listing process.

HolaHey

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Binance CEO spoke to the audience not so long ago. Below you can see the abstract of his speech:
1) Exchange has received more than 5,000 applications for listings. Token grew up in a 200+ times (the highest mark). It has more than 6.000.000 customers, this is despite the registration closed . Now 40,000 transactions per second, but it is less than 1% of the load of their servers.

2) They accept less than 3% of applications for listings. It is important that the liquidity was more or less evenly distributed on all trade pairs (not like in some exchanges, where all momentum is in 2-3 coins). Applications can be submitted only through the website, communicating directly with CEO does not help. The team that considers applications works incognito and has no right to communicate with the outside world (even can't ask questions about the project). Without the approval of this team the token would not be listed even if it has 2kk$ market cap - complete the form first. If they approve, then in the business team start discussing the terms of the transactions, listing fee, etc. Projects do not know when would they be listed. Therefore, if the project says it will be listing on Binance to a specific day - usually fake plus if not - may lead to cancel the listing.

Topic: Binance: $BNB The Future of Exchanges. - page 123. (Read 131881 times)