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

sr. member
Activity: 882
Merit: 251
September 17, 2019, 12:26:09 PM
#35
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.
legendary
Activity: 2492
Merit: 1215
September 17, 2019, 06:18:47 AM
#34
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.
sr. member
Activity: 812
Merit: 251
UniDApp - it's DeFi time!
September 17, 2019, 06:06:11 AM
#33
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.
hero member
Activity: 1932
Merit: 504
September 16, 2019, 11:13:18 PM
#32
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.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
September 16, 2019, 10:04:57 PM
#31
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.
member
Activity: 459
Merit: 10
September 16, 2019, 10:29:21 AM
#30
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.
hero member
Activity: 1120
Merit: 554
September 16, 2019, 09:02:09 AM
#29
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.
hero member
Activity: 2660
Merit: 551
September 16, 2019, 02:24:48 AM
#28
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.
legendary
Activity: 2338
Merit: 1124
September 16, 2019, 01:16:36 AM
#27
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.
sr. member
Activity: 2016
Merit: 283
September 15, 2019, 09:52:41 PM
#26
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.  
member
Activity: 210
Merit: 13
September 15, 2019, 08:26:07 PM
#25
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.
hero member
Activity: 2744
Merit: 588
September 15, 2019, 05:52:02 PM
#24
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.
full member
Activity: 938
Merit: 105
September 15, 2019, 05:48:01 PM
#23
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.
legendary
Activity: 1806
Merit: 1521
September 15, 2019, 03:08:49 PM
#22
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.
member
Activity: 210
Merit: 13
September 15, 2019, 01:47:07 PM
#21
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.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
September 15, 2019, 01:24:00 PM
#20
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.
legendary
Activity: 1806
Merit: 1521
September 15, 2019, 12:47:01 PM
#19
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.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
September 15, 2019, 12:20:35 PM
#18
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
legendary
Activity: 1806
Merit: 1521
September 15, 2019, 11:54:01 AM
#17
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.
member
Activity: 210
Merit: 13
September 15, 2019, 11:42:40 AM
#16
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.
legendary
Activity: 3276
Merit: 2442
September 15, 2019, 10:44:46 AM
#15
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.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
September 15, 2019, 10:39:52 AM
#14
CZ's style of leadership is admirable but Binance is headed over the top.  It's like every day they announced some new hyped up feature that is advertised with star spangled banners and confetti!  It's like everyday they are popping the champagne bottles over there because of (bla bla bla) this new products triumphant release, or (bla bla bla) this revolutionary promotional deal is newly released and it is out of this world!  It's just never ending hype over there.  All I needed was safe a trading exchange.  Binance aims to intoxicate it's clients with impulisive advertising and a bunch of hype.

Coinbase has a more mature staff working over there. They must.
I hope he is careful not to cross boundaries. I read of some allegations lately but am sure it could be settled in kinds. With exchanges, It is safe to among the top but not on the tip, it is with a lot of pressure. The binance exchange in USA could bring a level of sustainability as other US exchanges, US is tougher with a lot of rules and this will improve the exchange leadership.
member
Activity: 210
Merit: 13
September 15, 2019, 10:12:46 AM
#13
CZ's style of leadership is admirable but Binance is headed over the top.  It's like every day they announced some new hyped up feature that is advertised with star spangled banners and confetti!  It's like everyday they are popping the champagne bottles over there because of (bla bla bla) this new products triumphant release, or (bla bla bla) this revolutionary promotional deal is newly released and it is out of this world!  It's just never ending hype over there.  All I needed was safe a trading exchange.  Binance aims to intoxicate it's clients with impulisive advertising and a bunch of hype.

Coinbase has a more mature staff working over there. They must.
hero member
Activity: 2842
Merit: 772
September 15, 2019, 02:50:29 AM
#12
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

But there will be a Binance USA if I'm not mistaken? Unless I was not aware that they are not going to push through with the plan.

Coinbase is a good alternative as well, specially regarding this news, Updated: Coinbase UK Agrees to Return 80 BTC to Victim of Email Phishing Attack.

There are other alternatives out there, but I guess people are going through Binance because of the man behind that exchange. He is getting bigger by the day and could be consider as major influencer at today's standard.
member
Activity: 728
Merit: 11
https://streamies.io/
September 15, 2019, 02:41:24 AM
#11
Without Binance, there will still be Coinbase and other large exchanges like Huobi Global, MXC, Bithumb, ...
We also have many choices and Coinbase is really safe. I think Americans should boycott Binance and use other exchanges, the Chinese have really made it difficult for innocent people.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
September 15, 2019, 12:10:18 AM
#10
But there is one thing that is unique with Binance that every other exchange lack. Binance has a solid team of researchers and developers. They keep on bringing new innovation and they are getting the HYPE from this, for example, their DEX (BEP-2). To my own opinion, they will keep on with this mode for some time. Bittrex does not drop significantly because they mandated KYC, it is because they closed registration for new users during the bull market when a lot want to get in and feel the taste of what is happening and this is the exact period when Binance was launched. I am very sure that Bittrex will not forget this big mistake in a hurry, you can go and have a look at the volume in the exchange now, dwelling down almost everyday. Binance is managing the HYPE very well as they did when they were hacked with over 7000BTC
sr. member
Activity: 1988
Merit: 453
September 14, 2019, 11:36:33 PM
#9
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

And how can you guarantee that the users from the United States will be allowed to these other platforms (Kucoin, Coinbase.etc). The government authorities are tightening the KYC requirements and what happened to Binance will happen to the smaller exchanges as well. Don't think that they will be able to avoid giving in to these requests.
legendary
Activity: 2212
Merit: 1008
September 14, 2019, 11:29:58 PM
#8
There will always be something better that will come out.
Sure thing Binance made some major trouble with what happened to them.

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.
I guess we learned a lesson here. Stop supporting the hype.

Haha I think you're right, it seems like people have been affected by hype binance so that their attention is diverted to binance and doesn't look at other exchanges. Honestly, maybe I was also affected by hype yesterday but on other hand I still believe in KuCoin as my main exchange in trading. I like Binance because some of CZ's work programs are quite interesting but it seems like it's just a hype bait.
legendary
Activity: 1862
Merit: 1015
September 14, 2019, 07:49:09 PM
#7
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.
full member
Activity: 952
Merit: 104
September 14, 2019, 06:32:12 PM
#6
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

There's  a lot of option exchange we can use if they want with also have an reputation and strong security system for the security of our investment, no need to stress ourself about binance moving on is the best way to start earning profits.
hero member
Activity: 3052
Merit: 651
September 14, 2019, 04:13:50 PM
#5
There will always be something better that will come out.
Sure thing Binance made some major trouble with what happened to them.

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.
I guess we learned a lesson here. Stop supporting the hype.
member
Activity: 1302
Merit: 25
September 14, 2019, 03:48:23 PM
#4
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

I just think that the hype and followership to binance will not seize until something new happens. Binance is the new thing that is happening now and they are riding on it. The investors that bought and held till now are liking it the more because it still gives them the hope that the coin will continue flying.

Poloniex, and some other exchanges were like that sometime ago, binance is enjoying this so much hype now because times have changed and crypto is getting better acceptance.
hero member
Activity: 2996
Merit: 609
September 14, 2019, 03:15:00 PM
#3
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.
legendary
Activity: 1806
Merit: 1521
September 14, 2019, 01:56:17 PM
#2
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.
member
Activity: 210
Merit: 13
September 14, 2019, 12:47:56 PM
#1
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
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