Binance: $BNB The Future of Exchanges. - page 158.

Call_Me_Bambi

sr. member

Activity: 574

Merit: 261

Quote from: rakeshsoni86 on October 31, 2017, 05:08:55 AM

Hello Guys,
I have received mail from Binance team as below
Binance Referral Program 2017-10-31 10:03:24(UTC)
Tuesday, 31 October, 2017 1:04 PM

From:
"Binance" <[email protected]>
To:
[email protected]
Raw message Printable View
Hi,

Binance Referral Program has been launched!
All you need to do is invite your friends to register and trade on Binance,
then you will receive FIFTY percent of his/her trading fees as Commission, in Real-Time.
Please check our website for more details www.binance.com.
If you have any further questions, please leave a message on our ticket.
Best Regards
Binance
I just want to confirm whether its geniune or fake

I got this email too and I can assure you it is genuine.

mtahanci48

full member

Activity: 322

Merit: 154

especially the mobile application is user-friendly. love it

moli1

full member

Activity: 182

Merit: 118

has anyone ever had a delay on a binance deposit?? for instance.. i deposited x amount of eth..
it shows "completed" in the history... however it's not crediting me that amount of eth...been about 25 minutes since the transaction cleared and said that the deposit is completed in my account..

ashkha

newbie

Activity: 1

Merit: 0

Quote from: ?? on ??

Quote from: bigdogdan2 on October 26, 2017, 12:42:23 PM

Binance seems to be one of the better exchanges around. Its quick and interface is clean. Mobile app is nice as well.

I think the most usable exchange by chinese people is binance and the amount is keeps on increasing day by day but there is a disadvantage as well and we need to be careful as well to stay on Binance because that we all know that it is a chinese Exchange and we know that the Chinese goverment dont like Crypto. Not that you wanna try one day to login into your account and you see a text like "This Site was closed by the Chinese Goverment" as like before they put a bann on ICO'S.

Binance is actually NOT a chinese exchange. It is a common misconception says Changpeng Zhao the CEO of Binance in this article: https://www.cryptocoinsnews.com/interview-cryptocurrency-exchange-binance-bought-back-and-burned-1-5-million-worth-tokens-announces-profits/

Changpeng Zhao: 'Many people still have the misconception that Binance is a Chinese exchange. We are not. In fact, that?s the only market we don?t service at the moment. Binance has just got a few new offices in a few different locations. We are here to build a true international crypto exchange. I am bullish.'

thew3apon

hero member

Activity: 784

Merit: 500

A very user-friendly and democratic stock exchange. We want to see Exchangewar first place.

rakeshsoni86

newbie

Activity: 36

Merit: 0

Hello Guys,

I have received mail from Binance team as below

Binance Referral Program 2017-10-31 10:03:24(UTC)
Tuesday, 31 October, 2017 1:04 PM

From:
"Binance" <[email protected]>
To:
[email protected]
Raw message Printable View
Hi,

Binance Referral Program has been launched!
All you need to do is invite your friends to register and trade on Binance,
then you will receive FIFTY percent of his/her trading fees as Commission, in Real-Time.

Please check our website for more details www.binance.com.
If you have any further questions, please leave a message on our ticket.

Best Regards
Binance

I just want to confirm whether its geniune or fake

Artdealer

full member

Activity: 240

Merit: 102

I"m on board with Binance too, Bittrex has been freezing accounts, its been lagging all day, customer service doesnt respond and the fees are double of Binance

sheld0n

sr. member

Activity: 322

Merit: 250

Binance announces new features, alongside successful token buyback. Binance, one of the fastest cryptocurrency exchange platforms has recently published its monthly operational data, showing significant progress in terms of adoption among the community as well as revenues. The platform, in its recent report stated various challenges it overcame over the past three months through effective implementation of intelligent business strategies.

bigdogdan2

full member

Activity: 252

Merit: 106

Binance seems to be one of the better exchanges around. Its quick and interface is clean. Mobile app is nice as well.

raindropdroptop

newbie

Activity: 17

Merit: 0

Quote from: Bonanzacoin on October 26, 2017, 12:22:11 PM

Quote from: raindropdroptop on October 26, 2017, 11:51:28 AM

Quote from: Cryptoupp on October 24, 2017, 02:50:58 AM

Quote from: Bonanzacoin on October 23, 2017, 11:04:14 AM

Quote from: Cryptoupp on October 23, 2017, 10:54:34 AM

Is the exchange profit split between the Binance holders?

not even remotely. Binance sells all their collected BNB on the market. So, really there is not even much discount on fees.

Thanks for your reply!

His reply was incorrect. Binance distributes 20% of profit to BNB holders through buy & burn. 20% of profit in Q3 was $1.5m.

How to realize your share of the profit:
1) I start Q3 with 0.01% of total BNB supply (20k BNB)
2) I slowly sell 100 BNB throughout the quarter to receive $150
3) Traders are buying millions of BNB and sending it to Binance to pay fees
4) Binance burns 1m of the BNB fees ($1.5m worth), and supply is reduced to 199m BNB
5) I end Q3 with 0.01% of total BNB supply (19.9k BNB) + $150

If they sent the $1.5m as dividends instead, I would have ended the quarter with 0.01% of total supply + $150 either way.

This works specificly well when u bought over $2...

Yeah. If you buy the top of a big pump then the price drops below your entry, you'll be at an unrealized loss, regardless of if the coin uses dividends or buy & burn.

In that situation: If the dividends or buy & burn grow large enough, they would lower your average cost per % of the supply.

Bonanzacoin

full member

Activity: 308

Merit: 102

Quote from: raindropdroptop on October 26, 2017, 11:51:28 AM

Quote from: Cryptoupp on October 24, 2017, 02:50:58 AM

Quote from: Bonanzacoin on October 23, 2017, 11:04:14 AM

Quote from: Cryptoupp on October 23, 2017, 10:54:34 AM

Is the exchange profit split between the Binance holders?

not even remotely. Binance sells all their collected BNB on the market. So, really there is not even much discount on fees.

Thanks for your reply!

His reply was incorrect. Binance distributes 20% of profit to BNB holders through buy & burn. 20% of profit in Q3 was $1.5m.

How to realize your share of the profit:
1) I start Q3 with 0.01% of total BNB supply (20k BNB)
2) I slowly sell 100 BNB throughout the quarter to receive $150
3) Traders are buying millions of BNB and sending it to Binance to pay fees
4) Binance burns 1m of the BNB fees ($1.5m worth), and supply is reduced to 199m BNB
5) I end Q3 with 0.01% of total BNB supply (19.9k BNB) + $150

If they sent the $1.5m as dividends instead, I would have ended the quarter with 0.01% of total supply + $150 either way.

This works specificly well when u bought over $2...

raindropdroptop

newbie

Activity: 17

Merit: 0

Quote from: Cryptoupp on October 24, 2017, 02:50:58 AM

Quote from: Bonanzacoin on October 23, 2017, 11:04:14 AM

Quote from: Cryptoupp on October 23, 2017, 10:54:34 AM

Is the exchange profit split between the Binance holders?

not even remotely. Binance sells all their collected BNB on the market. So, really there is not even much discount on fees.

Thanks for your reply!

His reply was incorrect. Binance distributes 20% of profit to BNB holders through buy & burn. 20% of profit in Q3 was $1.5m.

How to realize your share of the profit:
1) I start Q3 with 0.01% of total BNB supply (20k BNB)
2) I slowly sell 100 BNB throughout the quarter to receive $150
3) Traders are buying millions of BNB and sending it to Binance to pay fees
4) Binance burns 1m of the BNB fees ($1.5m worth), and supply is reduced to 199m BNB
5) I end Q3 with 0.01% of total BNB supply (19.9k BNB) + $150

If they sent the $1.5m as dividends instead, I would have ended the quarter with 0.01% of total supply + $150 either way.

faaty

sr. member

Activity: 574

Merit: 250

Quote from: alex_aaa on October 25, 2017, 02:21:59 AM

I can't trade fractional parts of WTC. Why is that?

Yes, this is bullshit. WTC has to be traded in fractional, I hope Binance will do something about that.

Regarding BNB Coin, it is decreasing because all altcoins are decreasing. However, if altcoins woke up and start increasing, and most traders start daily trading again; price of BNB will increase high. Because most traders choose BNB Coin as commission because of low fees, this will increase demand to BNB coin. I am hopeful about that. Besides, volume of Binance may increase soon because of issues in Bittrex. Some users complain about Bittrex bans.

ChiNgadOr

sr. member

Activity: 1680

Merit: 278

any news around BNB? it's dropping hard in the last days

alex_aaa

member

Activity: 111

Merit: 10

I can't trade fractional parts of WTC. Why is that?

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: alex_aaa on October 24, 2017, 01:24:42 AM

Will binance give bitcoin gold for those who has positive bitcoin balance during the fork?

I can say yes, but you can try to visit the binance blog and try to read about the official statement regarding the bitcoin gold hardfork. and you can get a lot of the information from there.

Cryptoupp

full member

Activity: 140

Merit: 100

Quote from: Bonanzacoin on October 23, 2017, 11:04:14 AM

Quote from: Cryptoupp on October 23, 2017, 10:54:34 AM

Is the exchange profit split between the Binance holders?

not even remotely. Binance sells all their collected BNB on the market. So, really there is not even much discount on fees.

Thanks for your reply!

alex_aaa

member

Activity: 111

Merit: 10

Will binance give bitcoin gold for those who has positive bitcoin balance during the fork?

jd8511

member

Activity: 60

Merit: 10

Quote from: BMG86 on October 19, 2017, 03:25:16 PM

Actually the future of exchanges will be the decentralized ones. Give it a few years, you'll see.

you're right about it. that's why I am hodling 0x, let's wait and see

cioloxl

full member

Activity: 238

Merit: 105

Quote from: sihat on October 21, 2017, 04:22:57 AM

let wait until the Chinese Communist meeting over. or announcement on crypto currency.

I don't think it really matters, as far as I know Binance is based in HK.

Anyways, I'm really digging this exchange, even though I'm not a fan of centralized ones anymore. Great support, great interface, always adding coins based on popular demand...It's really hard not to like these guys. It's the only centralized exchange I'll ever use until we get something better.

Topic: Binance: $BNB The Future of Exchanges. - page 158. (Read 132065 times)