Does Binance have only 4 base currency?

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: SelectProduce on February 23, 2018, 11:21:43 AM

But what is the difference between going"
LTC to ETH and convert the ETH to ZEC VS
LTC to BNB and convert the BNB to ZEC?

In both cases I do 2 conversions and pay twice the standard fee, or am I wrong?

Case 1: 1 LTC=0.24226 ETH=0.498 ZEC
Case 2: Not possible because you can't buy ZEC using BNB

But yeah if you make 2 trades you do have to pay the fees twice. You can check the fees here: https://www.binance.com/fees.html

Quote from: SelectProduce on February 23, 2018, 11:21:43 AM

In regards to Shapeshift, it is my understanding that the fees are higher and the price you can get on Binance is better.

Your choice. I like shapeshift more than binance.

SelectProduce

newbie

Activity: 7

Merit: 0

But what is the difference between going"
LTC to ETH and convert the ETH to ZEC VS
LTC to BNB and convert the BNB to ZEC?

In both cases I do 2 conversions and pay twice the standard fee, or am I wrong?

In regards to Shapeshift, it is my understanding that the fees are higher and the price you can get on Binance is better.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Yes.

From the above Pic you can see that only four base currencies are there. But that shouldn't affect your trades. You can always convert your holdings into the base currency of binance and make your trades

If you want an exchange which accepts any currency supported in that exchange to be your base currency, you can then use Shapeshift.io .

SelectProduce

newbie

Activity: 7

Merit: 0

All I see is the option for BTC,ETH,BNB and USDT based pairs.

What I mean is lets say I have some Litecoin and I want to convert it into Zcash I don't see any direct way doing this.

Is the only option is convert LTC to ETH (or BTC, BNB and USDT) and convert the ETH to ZEC?

And if this is the case is there another exchange with similar trade volume and fees that has more currency bases?

Topic: Does Binance have only 4 base currency? (Read 138 times)