People are tired of talking about Binance....

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: btc-facebook on September 14, 2019, 07:49:09 PM

everyone has their own reasons for choosing an exchanger, for example, I will always choose binance, with CZ as the owner of binance, CZ has the courage to return the funds of a binance user who was attacked by a hacker,
this is an important point that I always look for in every exchanger,
and this is not happening in cryptopia, my money is there and until now there has been no clarity.
even yesterday there was news the binance would make a special US exchange, this is good news and I am sure it will be more crowded.

Binance is cool for traders that do not deal with huge amounts of crypto - verification here is not needed. Tf the user wants to exceed the daily withdrawal amount - 2 BTC, he will definitely need to pass verification on the exchange. It will be necessary to indicate your personal data in the personal account and attach a scan of the passport to the application. Otherwise, the trader will not be able to withdraw money.

bakasabo

legendary

Activity: 2492

Merit: 1215

Quote from: adamlillian on September 16, 2019, 10:29:21 AM

Binance they have their own reasons for doing this. Because the war between the US and China forced them to do this, I am sure they have been under pressure from the government to make this difficult decision.
You know, Americans are using crypto every day and they are one of the countries that do this very actively, so there is no reason for Binance to not want American customers.
whatver , Binance created a new exchange for Americans, Binance.us to show respect.

But Binance is more like a European company now (while it was established in Taiwan). They moved to Malta because of strict regulations in China, and signed a Memorandum of Understanding with Malta (Same was done with Government of Bermuda).

Binance has no influence from China and its government. And there is no thing like "Binance to not want American customers". It is the US (SEC), that cant decide whether cryptocurrency are securities or not.

novaprime

sr. member

Activity: 812

Merit: 251

UniDApp - it's DeFi time!

Quote from: mindrust on September 15, 2019, 10:44:46 AM

No exchange wants the US people, no online casino wants them neither. It is like they are being isolated from the rest of the world. Must suck to be a US citizen. Even though it doesn't really suck, this is not a pleasant experience that's for sure.

I heard they are going to try their luck with KuCoin but how long will that last? They'll get kicked out again.

The government of this country is really serious about managing crypto so it will be difficult for a large exchange to work in this country. I think Americans are also uncomfortable having to move to another exchange because there are very few exchanges operating in this country. Currently only Bittrex is the exchange they can use at this time but Bittrex is under great government control.

perla

hero member

Activity: 1932

Merit: 504

Quote from: Google+ on September 16, 2019, 10:04:57 PM

I think binance exchange is not a major problem, I think that makes people like this because the ceyptocurrency conditions are not good so that the price of cryptocurrency does not have a good movement, if the condition of cryptocurrency is the same as in 2017 again then it will definitely be many more traders happy because there are no problems from several countries.

We know maybe governments really want their people to safe from something that can cause bad affect for them. But maybe in crypto, decentralize is something important because it is nature of crypto. But we can't blame Binance and other exhanges, they only follow the rules and only want to avoid problem. Maybe US citizen can use alternative way to access it.

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

I think binance exchange is not a major problem, I think that makes people like this because the ceyptocurrency conditions are not good so that the price of cryptocurrency does not have a good movement, if the condition of cryptocurrency is the same as in 2017 again then it will definitely be many more traders happy because there are no problems from several countries.

adamlillian

member

Activity: 459

Merit: 10

Quote from: Pipdips on September 14, 2019, 12:47:56 PM

Especially their former USA clients. We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on. Can we? Undecided

Binance they have their own reasons for doing this. Because the war between the US and China forced them to do this, I am sure they have been under pressure from the government to make this difficult decision.
You know, Americans are using crypto every day and they are one of the countries that do this very actively, so there is no reason for Binance to not want American customers.
whatver , Binance created a new exchange for Americans, Binance.us to show respect.

Indamuck

hero member

Activity: 1120

Merit: 554

Exchanges are super hungry to gobble up any new customers they can and keep them from joining other exchanges. It is why we see all the big exchanges offering promotions like how coinbase gave away free crypto for watching a few tutorials on how they work.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: mindrust on September 15, 2019, 10:44:46 AM

No exchange wants the US people, no online casino wants them neither. It is like they are being isolated from the rest of the world. Must suck to be a US citizen. Even though it doesn't really suck, this is not a pleasant experience that's for sure.

I heard they are going to try their luck with KuCoin but how long will that last? They'll get kicked out again.

Oh well, the US government is clamping everyone and flexing their muscle and telling their constituent and exchange not to mess with them otherwise they will be shutdown at worst.

So definitely not good to be a US citizen at this point, there could be other options but once the US government find it out, that exchange should be the next target.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: Pipdips on September 14, 2019, 12:47:56 PM

Especially their former USA clients. We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on. Can we? Undecided

We all? are you speaking for yourself or speaking for us that do not understand what you are saying, did we not see Coinbase before we chose to use binance, and if we chose binance over coinbase, there must be something that binance is doing right that coinbase isnt doing and you know it.

Binance has been friendly with US clients until the government decides to pocknosing into their affairs, and this should be one of the requirements of government in allowing binance to at least rest. You are not seen Coinbase and kucoin have issue because Coinbase in particular must have been dancing to the tune of the government and binance giving them though hand. They have already created platform for US citizens, so what more do you want from them.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: Pipdips on September 14, 2019, 12:47:56 PM

Especially their former USA clients. We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on. Can we? Undecided

they can't move on because of their lost on it and it feels so bad i gues. Lol ..like you can't sleep because of that problem. Na just kinding. Grin

for me probably they cant find another way to fix it because they put all of their eggs on it which is reason they all want to bump that problem, just to refund their money .. Or its either a fraud wherein they used that issue only just to intimidate ppl.

Pipdips

member

Activity: 210

Merit: 13

Quote from: Capt00 on September 15, 2019, 05:48:01 PM

I don't know what is wrong with them and crypto is hated with them and even bounty programs are prohibited US citizens to participate with. This is to think that US has no place in crypto? Or they are against crypto? I am glad that I've never been a US citizen so I can enjoy crypto in my life.

But anyway, that is not our problem and it is not our part to think it hard. I hope there is room for them in the future here in crypto. We actually wanted them to be part of a crypto journey and experience what we actually have today.

Didn't want to get into that discussion but it has crossed my mind in a fleeting glimmer once or twice because it keeps subtly presenting itself. Another instance of this happening was when I signed up for the online broker Fresh Forex. They replied to my registration saying they block all USA citizens. I am in New York. There was no appologies from them in our correspondence either. They had an unfriendly and abrupt tone in the emails. So I laughed out loud at their company.

But something is up.

CV is somebody that strikes me as the type of person that would never wish to single out any country or nationality from Cryptocurrency. I read a quote of his once saying something along those same sentiments. You cannot stop a global currency from being used globally. So I think something really is up.

No more about Binance from me. I am going to bring my focus back to Trading Cryptocurrency.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Oilacris on September 14, 2019, 03:15:00 PM

Quote from: exstasie on September 14, 2019, 01:56:17 PM

Quote from: Pipdips on September 14, 2019, 12:47:56 PM

Especially their former USA clients. We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on. Can we? Undecided

In Spring 2017, Poloniex's platform started shitting the bed so users migrated en masse to Bittrex. Then in October 2017 Bittrex mandated KYC so users migrated en masse to Binance. Then in September 2019 Binance kicked out US traders so users migrated en masse to.......?

To be continued. Wink

The market (especially the alt market) is still dead right now. We'll know more when the bull market kicks into gear again. I've got my fingers crossed that more liquidity starts pumping into Kucoin, especially stablecoin liquidity.

Traditional stuff to happen yet nothing do last forever when it comes to top spot in the market.Weve known binance is on the current spot

just like on what we have seen in Polo and Bittrex or even Bitfinex days but when they do mess up their current position drops significantly and been forgotten by
the masses and now Binance is already trying to do such thing.

Sooner or later, they will be replaced by a new one that can provide the same services.
It is very possible that a new exchange with good reputation and good services will rise from these newly launched exchanges.
It is only a matter of time which one will replace the position of BNB.

Capt00

full member

Activity: 938

Merit: 105

Quote from: mindrust on September 15, 2019, 10:44:46 AM

No exchange wants the US people, no online casino wants them neither. It is like they are being isolated from the rest of the world. Must suck to be a US citizen. Even though it doesn't really suck, this is not a pleasant experience that's for sure.

I heard they are going to try their luck with KuCoin but how long will that last? They'll get kicked out again.

I don't know what is wrong with them and crypto is hated with them and even bounty programs are prohibited US citizens to participate with. This is to think that US has no place in crypto? Or they are against crypto? I am glad that I've never been a US citizen so I can enjoy crypto in my life.

But anyway, that is not our problem and it is not our part to think it hard. I hope there is room for them in the future here in crypto. We actually wanted them to be part of a crypto journey and experience what we actually have today.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Pipdips on September 15, 2019, 01:47:07 PM

Quote from: exstasie on September 15, 2019, 12:47:01 PM

What makes you think it's not owned or operated by Binance? This isn't like a McDonald's franchise.

BAM has confused me from the first second I first read about the whole fiasco. I still think it is exactly what you say it isn't: a franchise owned by someone who says someone else owns it. Like Burger King, or like Starbucks. Don't get me wrong I like a Whopper and fries as much as the next guy, but I need to get back to trading, and making money, not fretting over mocha frappachinos and chicken nuggets.

Binance has really been bogging down it's previous USA clients.

They are probably paying a steep price for it. I expect the US launch to be very anti-climactic based on their announcements. Who's going to deposit there just to trade Tether plus 5 of the top 10 coins?

Binance.je launched similarly with only a handful of markets. Look at them now......the BTCGBP and BTCEUR markets are doing single-digit daily volumes on some days. They chopped trading fees in half and gave away 100K EUR to get people to complete KYC but the exchange is still dead!

I honestly see this event (banning US traders) as the peak for Binance. It's all downhill from here. There is a huge opportunity for smaller exchanges to fill the vacuum in the next 6-12 months.

Pipdips

member

Activity: 210

Merit: 13

Quote from: exstasie on September 15, 2019, 12:47:01 PM

Quote from: Pipdips on September 15, 2019, 11:42:40 AM

The next website (binance.us) is NOT owned or operated by Binance!! It is owned by a totally different and unknown trading company named BAM. Again: the binance.us website is not Binance!!

What makes you think it's not owned or operated by Binance? This isn't like a McDonald's franchise.

I'm pretty confident BAM is not just DBA Binance.us but is actually a subsidiary of Binance's holding companies. It's very normal for multi-national companies to form separate companies to address national regulations.

Logically there's also no reason for Binance to give up control. They are trying to build a global brand.

BAM has confused me from the first second I first read about the whole fiasco. I still think it is exactly what you say it isn't: a franchise owned by someone who says someone else owns it. Like Burger King, or like Starbucks. Don't get me wrong I like a Whopper and fries as much as the next guy, but I need to get back to trading, and making money, not fretting over mocha frappachinos and chicken nuggets.

Binance has really been bogging down it's previous USA clients.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Pipdips on September 14, 2019, 12:47:56 PM

Especially their former USA clients. We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on. Can we? Undecided

Binance is still the No. 1 exchange and as far as i know they will launch a separate exchange for their US customers. I am sure US customers will be happy to be part of binance again. I do not think they will shift to Kucoin. Also we are waiting for the Baktt launch as that exchange can really be a bigger exchange than binance.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Pipdips on September 15, 2019, 11:42:40 AM

The next website (binance.us) is NOT owned or operated by Binance!! It is owned by a totally different and unknown trading company named BAM. Again: the binance.us website is not Binance!!

What makes you think it's not owned or operated by Binance? This isn't like a McDonald's franchise.

I'm pretty confident BAM is not just DBA Binance.us but is actually a subsidiary of Binance's holding companies. It's very normal for multi-national companies to form separate companies to address national regulations.

Logically there's also no reason for Binance to give up control. They are trying to build a global brand.

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

Quote from: Pipdips on September 15, 2019, 11:42:40 AM

Quote from: btc-facebook on September 14, 2019, 07:49:09 PM

even yesterday there was news the binance would make a special US exchange, this is good news and I am sure it will be more crowded.

The next website (binance.us) is NOT owned or operated by Binance!! It is owned by a totally different and unknown trading company named BAM. Again: the binance.us website is not Binance!!

Everybody is tired of talking about it.

I guess it is just a careful management of US and its laws. CZ could have something illegal hanging on its loin which the exchange cant work with

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Reid on September 14, 2019, 04:13:50 PM

There is a sad part though. Kucoin have been there for a long time and yet people picked Binance over it. So why Kucoin now? Same with Coinbase Pro. It was sitting there and no one is noticing it but because of the hype of Binance everything switched over.

But things do change. Bittrex was launched in 2013. In the early days, they were overshadowed by exchanges like Cryptsy, Mintpal, and of course Poloniex. It wasn't until early 2017 that they came to dominate the altcoin exchange space.

Binance has only been on top for 1.5 years. They've just kicked out US traders and I bet they will eventually enforce mandatory KYC of sorts too. Just like Poloniex and Bittrex, a lot of their traders may go elsewhere. Kucoin is one possible place where they might land.

Pipdips

member

Activity: 210

Merit: 13

Quote from: btc-facebook on September 14, 2019, 07:49:09 PM

even yesterday there was news the binance would make a special US exchange, this is good news and I am sure it will be more crowded.

The next website (binance.us) is NOT owned or operated by Binance!! It is owned by a totally different and unknown trading company named BAM. Again: the binance.us website is not Binance!!

Everybody is tired of talking about it.

Topic: People are tired of talking about Binance.... (Read 284 times)