Topic: Binance traders are making more money than other traders - page 3. (Read 10622 times)

Quote from: iziderox on May 14, 2019, 12:47:07 PM

It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

No, they are attractive surely, however, velvet.exchange provides low fees as well.
In spite of all binance benefits, it’s more important for me

Why they still cannot be compared to Binance like you said is that the benefit Binance has for its traders alone is quite very encouraging to just stick to their exchange alone, when you add all these benefits to their low trading fee, withdrawal fee and low deposit fee, they we will understand that no other exchanges can ever meet up in this regard.

Although the reason why Binance is able to give all these benefits is because they have very high trade volume that could enable them also do all these promotional benefits. I don’t know about velvet exchange though, I have never used them, but I am sure they cannot have fee a low as Binance.

Homorton

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Quote from: Homorton on May 14, 2019, 12:42:24 PM

Quote from: Homorton on May 14, 2019, 12:42:24 PM

It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

No, they are attractive surely, however, velvet.exchange provides low fees as well.
In spite of all binance benefits, it’s more important for me

Only because of it? I guess you can find not one platform with lower fees

So true, I struggle to find relevant helpful info on trading these days

Help yourself then: https://medium.com/velvet-exchange

iziderox

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It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

No, they are attractive surely, however, velvet.exchange provides low fees as well.
In spite of all binance benefits, it’s more important for me

Only because of it? I guess you can find not one platform with lower fees

So true, I struggle to find relevant helpful info on trading these days

Homorton

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Activity: 126

Merit: 0

It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

No, they are attractive surely, however, velvet.exchange provides low fees as well.
In spite of all binance benefits, it’s more important for me

Only because of it? I guess you can find not one platform with lower fees

iziderox

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Activity: 94

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It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

No, they are attractive surely, however, velvet.exchange provides low fees as well.
In spite of all binance benefits, it’s more important for me

Homorton

newbie

Activity: 126

Merit: 0

It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Maybe you’re right. And do you use binance?

iziderox

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Activity: 94

Merit: 0

Quote from: pey on May 11, 2019, 01:09:19 PM

It’s very interesting why

Nothing surprising. It’s because of high volume, more scope for profitability, an attractive fee structure compared to some competitors, that’s why Binance is so alluring

Homorton

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It’s very interesting why

PuertoLibre

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Thanks for bringing this study, actually Binance can be considered as the best exchange in terms of many aspects including simple factors like fee etc. Trading coins listed on Binance is also safer for traders though it delists sometimes.

Binance traders can take advantage of IEOs with having a more BNB bag than everyone else. After the introduced lottery system for Binance IEO, it will become interesting to watch and participate in the token sale. Making more money is depending on the talent of the trader and it has no relation with the specific exchange.

pey

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Thanks for bringing this study, actually Binance can be considered as the best exchange in terms of many aspects including simple factors like fee etc. Trading coins listed on Binance is also safer for traders though it delists sometimes.

RealMalatesta

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Quote from: XCANA on May 10, 2019, 01:28:09 AM

Quote from: IlVeroNico on December 14, 2018, 09:25:23 AM

You mean Binance has a Trading volume larger than any other exchange?

That exactly is what OP just said and that, Binance traders are making huge profits from trading on the platform. To buttress this, last year during the dims, i traded on Binance for about 2-4months and got a very reasonable profits which make me support what OP just said.

Lol, I dint know we have people that still doesn’t know Binance that much, and I guess you made that much also because of the very low trading fee that they have, which would have also consumed part of your profit. It is just so unfortunate that the Lion of exchanges are going through this turbulent time of hacking that befell them.

I can see their value is gradually dropping, probably some people are already panicking and it is because they don’t know the worth of Binance. Well it still doesn’t stop them from having volume that will make them get back on their feet and other exchanges will not have their way yet.

justspare

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Quote from: crabby on December 13, 2018, 06:16:03 PM

Binance is one of the few exchanges with 100% real volume with live traders, and that is one of the reason of higher income.

This is the reason why people make more money on Binance than they do on any other platform. This is also the reason why Binance has gotten so many users and why is it making so much money. Basically they have focused on the utility of the user and the more you do that, the more costumers you get. They do not list a coin with weak project that could hurt the trust of the users.

I just feel the reason why other traders make money is because Binance gave the chance for them to do so due to their not greedy nature, everyone knows that the higher the trading volume they get, the more profit that they have, and since they have gotten a very high volume trade, instead of keeping the whole profit to themselves, they decided to spread it accordingly by reducing transactions fees, that is why they could have very low transactions fees that makes their traders have more money than the rest of exchanges traders when they trade, but a trader must still know how to trade for them to enjoy this benefit.

Siren

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I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.

Then what about after the hackings? Do they still making money?or some of them are victims of this sudden event?i believe that many are now crying for their losses

Quote from: IlVeroNico on December 14, 2018, 09:25:23 AM

Binance is one of the few exchanges with 100% real volume with live traders, and that is one of the reason of higher income.

This is the reason why people make more money on Binance than they do on any other platform. This is also the reason why Binance has gotten so many users and why is it making so much money. Basically they have focused on the utility of the user and the more you do that, the more costumers you get. They do not list a coin with weak project that could hurt the trust of the users.

Compared to CMC?no doubt that Binance has a 100% real volume and in this people are confident in their transactions and tradings

XCANA

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You mean Binance has a Trading volume larger than any other exchange?

That exactly is what OP just said and that, Binance traders are making huge profits from trading on the platform. To buttress this, last year during the dims, i traded on Binance for about 2-4months and got a very reasonable profits which make me support what OP just said.

SirLancelot

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Quote from: clover12 on May 08, 2019, 09:17:08 AM

In lighting of recent events, this topic can be change to "Binance Hackers are making more money than other traders" Grin

Look, this can happen with each and every single company or market that exists in the modern world. As we know that technology is improving with the passage of time and new innovations build it even more. Hackers are always generating proper codes to a specific system and that is what happened with the Binance. But this is even better because Binance will now strengthen its security much more that will help it get protected from hackers in future and from big losses.

udidrone

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Quote from: Gheka on May 09, 2019, 09:06:55 AM

Binance is one of the few exchanges with 100% real volume with live traders, and that is one of the reason of higher income.

This is the reason why people make more money on Binance than they do on any other platform. This is also the reason why Binance has gotten so many users and why is it making so much money. Basically they have focused on the utility of the user and the more you do that, the more costumers you get. They do not list a coin with weak project that could hurt the trust of the users.

Indeed, binance exchanges rarely bring bad projects to investors, their selection is always very careful and appropriate to the needs of investors, they always bring quality projects and can create profits, long-term attachment to investors. And the most important thing is that they are very focused on developing and supporting investors, assurance of property even when attacked by hackers, with favorable conditions for development, it is not difficult to realize that binance traders are earning a lot of money and profits compared to other exchanges.

Don't forget about, i think it is yes they are have their rules for project that want to listed in them. At least it is not too strict like old market that already exist. I mean, they lose some volume market because people nowadays want to trade tokens too and not only old coins.

Gheka

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Binance is one of the few exchanges with 100% real volume with live traders, and that is one of the reason of higher income.

This is the reason why people make more money on Binance than they do on any other platform. This is also the reason why Binance has gotten so many users and why is it making so much money. Basically they have focused on the utility of the user and the more you do that, the more costumers you get. They do not list a coin with weak project that could hurt the trust of the users.

Indeed, binance exchanges rarely bring bad projects to investors, their selection is always very careful and appropriate to the needs of investors, they always bring quality projects and can create profits, long-term attachment to investors. And the most important thing is that they are very focused on developing and supporting investors, assurance of property even when attacked by hackers, with favorable conditions for development, it is not difficult to realize that binance traders are earning a lot of money and profits compared to other exchanges.

Osarman

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