Binance cheating in trading? | Bitcointalksearch.org

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: adroitful_one on July 06, 2018, 06:40:09 AM

Quote from: ShadowBCH on July 06, 2018, 02:54:34 AM

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

I'd say what happened was that someone went to sell into your buy order and had more coins than what you were buying. So they clicked on the order right below yours. Usually exchanges will still sell your order first though. Binance may not. I haven't used it all that much. But, this seems like the most logical explanation.

Seems a bit that is what happen to his order or he even said Bid someone had definitely bought your currency bid and has more money than you, I never expected Binance to do such things because I am using that site for trading, And buying newly added coin and I don't have any problem using their services and also bought Binance Coins to be added to my portfolio lists, And OP doesn't have enough proof or what so ever regarding his issue.

BattleZeo

member

Activity: 350

Merit: 10

Global loyalty & rewards

Quote from: ShadowBCH on July 06, 2018, 02:54:34 AM

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

I also think that went out for a transaction fee. if you still have doubt, why don't you just contact Binance and ask why? I tried to contact them via app one time and they do reply quickly.

denis-z12

full member

Activity: 294

Merit: 103

I dont think Binance would have any interest in preventing you from making a trade. They make money from the fees on the trades you do. Maybe contacting their costumer support would be a good idea.

Phat Buzz Tart

member

Activity: 308

Merit: 10

Just not enough time. Sometimes it is not selling or buying when price is not for a long time as you want and need.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Maybe it still not done yet because not just you put 237 offer, maybe after 1000 user from total 2000 user that also put 237 offer, the value start to climbing up or down so it's not your turn yet !
You can try to look for it since I'm also have similiar experience on local exchange !

maremostro

newbie

Activity: 210

Merit: 0

Binance is a highly respectable exchange and I expect them to value their good name above all so it is highly unlikely for this to occur sometimes it happens I suppose what happened with your order … its probably impossible but I would check the volume traded at 236 sats befor complaining to customer support

xenomorphe1

full member

Activity: 798

Merit: 103

Quote from: harryvnn on July 06, 2018, 09:10:59 AM

Quote from: ShadowBCH on July 06, 2018, 02:54:34 AM

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

In my opinion, when you put order on 237 satoshi as you are on queue of buying order at 237 satoshi. But just one second, when someone mistake sell at 236 satoshi then it will back to normal price. Your buying order will be in a queue but not fill yet because no one sell at 237 satoshi.

If someone succeed to buy at 236 satochis and your order was at 237 satochis. Logically your buy order should be filled before 236 satochis. Maybe there is a problem with their system?
As you made your buy order at 02:40:29 this morning and the sell order to 236 satochis was at 09:03...
Exchanges can manipulate the prices and nobody can really control them...

darth_cryptorider

member

Activity: 470

Merit: 16

You still so young and don't understand how market work. Why you don't show us the amount of token in that way it was easier to explain. Just google market squeeze definition and you will understand why you order was not filled.

harryvnn

jr. member

Activity: 56

Merit: 3

Quote from: ShadowBCH on July 06, 2018, 02:54:34 AM

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

In my opinion, when you put order on 237 satoshi as you are on queue of buying order at 237 satoshi. But just one second, when someone mistake sell at 236 satoshi then it will back to normal price. Your buying order will be in a queue but not fill yet because no one sell at 237 satoshi.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: adroitful_one on July 06, 2018, 06:40:09 AM

Quote from: ShadowBCH on July 06, 2018, 02:54:34 AM

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

I'd say what happened was that someone went to sell into your buy order and had more coins than what you were buying. So they clicked on the order right below yours. Usually exchanges will still sell your order first though. Binance may not. I haven't used it all that much. But, this seems like the most logical explanation.

It might have completed because basically the price fell to the below OP's order and it must be executed instantly. It will be different if the sell has stopped on OP's order. If that goes down more than 237 satoshi and that means there was more dumping on it and it looks a little bit strange in my opinion.

nsasuiteb

full member

Activity: 406

Merit: 100

BAILOUT

That is normal and not cheating and binance really does not need to cheat you instead they want you to trade to gain more fee, if you look at the chart you are mistaken.

preshpr1nce

member

Activity: 266

Merit: 60

Seems strange, perhaps some one put in an order at 237 and cancelled it quickly before executing while another went at 236 which was achieved.
Sometimes for me, I drop orders on a buy order and notice it sitting in the order book for a few seconds before it executes, enough time to cancel the order still, other times it just goes right through.

For the above to happen you would be talking under 2 seconds between the 237 and 236 order, if Binance sees a 237 pending while some one puts in a 236, the 236 will jump over the 237 if the pending order is enough to take up the whole purchase, it's more typical on slow exchanges during high volume but to imagine this would happen on Binance seems tough, still not impossible though.

adroitful_one

legendary

Activity: 1568

Merit: 1041

1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: ShadowBCH on July 06, 2018, 02:54:34 AM

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

I'd say what happened was that someone went to sell into your buy order and had more coins than what you were buying. So they clicked on the order right below yours. Usually exchanges will still sell your order first though. Binance may not. I haven't used it all that much. But, this seems like the most logical explanation.

SweetCryptoNews

newbie

Activity: 96

Merit: 0

Not always your orders should work, because there are sharp price movements where your order is simply skipped. This phenomenon can be observed on all financial exchanges.

ShadowBCH

member

Activity: 130

Merit: 10

Yesterday at night I made the bid purchase offers on Binance. When I woke up this morning, I claimed that my offer had not been made.

Is Binance cheating?

As you can see, my offer is set at 237 satoshi

The chart shows that the coin fell on 236 satoshi.
Why has my offer not been completed?

Topic: Binance cheating in trading? (Read 194 times)