Different between Binance and Binance Dex. - page 2.

princerepon

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Quote from: Herbert2020 on September 09, 2019, 12:43:01 AM

in my opinion the main and only difference is that they created the so called "DEX" exchange so that they could market their own centralized coin called BNB and pump it more which is exactly what they did.

That make sense actually. They are promoting their own coin BNB. I hope there is more than that but right now i'm going with that point. Thanks anyway share your thought.

esofelap

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I understand that Binance DEX is a decentralized platform for coins and tokens based on the principle of OTC trading.

MonsterV

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Quote from: princerepon on September 08, 2019, 05:37:33 PM

What is the different between Binance and Binance Dex..? Is Binance Dex an exchange platform like Binance or a lunchpad...?

Binance is a centralized exchange where all our funds and wallets are managed on a platform while Binance DEX is a decentralized exchange where we can manage and hold our personal wallet. But I do not know more clearly about this DEX Binance because I have not tried it at all, it was just completed a few months ago, maybe like other decentralization exchanges like forkdelta or idex.

Quote from: princerepon on September 08, 2019, 05:37:33 PM

What are those pair actually means - PYN-C37/BNB, EVT-49B/BNB, CRPT/BNB, AXPR-777/BNB, BZNT/BNB, UND-EBC/USDSB-1AC.

For the purpose of the pair in exchange is to measure the price of a coin against other coins. For example, pair USD/GBP where 1usd = 1.3GBP so the pair is to determine the price of the dollar against the pound sterling.

tonyvo2017

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Quote from: princerepon on September 08, 2019, 05:37:33 PM

What is the different between Binance and Binance Dex..? Is Binance Dex an exchange platform like Binance or a lunchpad...?

What are those pair actually means - PYN-C37/BNB, EVT-49B/BNB, CRPT/BNB, AXPR-777/BNB, BZNT/BNB, UND-EBC/USDSB-1AC.

Is possible to trade in Binance Dex like Binance..?

Binance DEX is different from Binance, the difference is focus and decentralization. At Binance, you will have to create an account and KYC if you want to withdraw a lot of money and will certainly be supported quickly when there is a problem.
For DEX, the transaction fee will be higher and there are big waves that can help traders trade more with higher profits without creating an account. Just key store or private key, you can start trading.

Sri rahayu

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Quote from: princerepon on September 08, 2019, 05:37:33 PM

~snip~
What are those pair actually means - PYN-C37/BNB, EVT-49B/BNB, CRPT/BNB, AXPR-777/BNB, BZNT/BNB, UND-EBC/USDSB-1AC.

In my opinion, this is a pair after the token has been exchanged for bep2.

Quote from: princerepon on September 08, 2019, 05:37:33 PM

~snip~
Is possible to trade in Binance Dex like Binance..?

yes, but you must first swapping from erc20 to bep2,
I try to use trust wallet app, at that time I wanted to try it when the token was registered at Binance Dex.
https://bitcointalksearch.org/topic/m.52364239

There you will know more https://t.me/BinanceDEXchange

Herbert2020

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the "binance dex" one is supposed to be decentralized and it is advertised as such but i honestly don't see any decentralization in it. it is still the same centralized exchange which is not even giving service to a bunch of different countries.
in my opinion the main and only difference is that they created the so called "DEX" exchange so that they could market their own centralized coin called BNB and pump it more which is exactly what they did.

GreatArkansas

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Quote from: princerepon on September 08, 2019, 05:37:33 PM

Is possible to trade in Binance Dex like Binance..?

Yes, but take note that not all pairs that available in normal exchange of Binance are available on Binance, there are just few pairs that are listed on Binance Dex as of now.
You can check it here: https://www.binance.org/en/

glendall

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Buzz App - Spin wheel, farm rewards

I didn't follow the development of binance dex, because it has a different system.
but even though I am not a binate dex user but only using binance I can distinguish it,
binance is centralization exchange,
whereas dex binance is a decentralized exchange,
the difference is if our binance has to make a deposit, whereas our binance dex does not need to make a deposit, because our wallet can be connected directly to binance dex, in other words using a cold wallet,
and this is actually safer than binance, because binance uses the hot wallet in the exchange, that's why it's easy to get hacker attacks.

princerepon

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What is the different between Binance and Binance Dex..? Is Binance Dex an exchange platform like Binance or a lunchpad...?

What are those pair actually means - PYN-C37/BNB, EVT-49B/BNB, CRPT/BNB, AXPR-777/BNB, BZNT/BNB, UND-EBC/USDSB-1AC.

Is possible to trade in Binance Dex like Binance..?

#Update 1:
1. Is it possible that one day Binance DEX beat the main Binance exchange...? (Just Curious Cheesy

)

#Update 2:
1. Beside Binance is there any exchange start their own DEX like Binance DEX..?

Topic: Different between Binance and Binance Dex. - page 2. (Read 372 times)