Binance: $BNB The Future of Exchanges.

[karmakeddon]

Kucoin invite link:  https://www.kucoin.com/#/signup?r=E3K63p

I love how you subtle you inserted your ref link in there like a ninja sneaking into Edo Castle. But in regards to your query, it still is a good idea to keep your coins on Binance. They are much more stable than Kucoin and have better support.

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[keechkeech]

Will Binance, add conditional Buy and Sell the way Bittrex has ? That  would be great

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

Yeah, i think if binance exchange can have a much larger volume, then many people there will be more interested to use BNB token and the price will be pumped.

I don't think that's related. Binance is already in the podium of the best exchanges out there, and nobody would argue with that.. some even prefer it to bittrex (which doesn't really lists many coins anymore, and has had bad media coverage around the frozen accounts issue), and most would agree that it is the most trending platform at the moment.
The problem of BNB is all about the actual use of the token. As it is now, most think it's just a way for binance to raise some extra funds because other than voting for the coin of the months there's no point in holding tokens.

Current Uses:
1. 20% of profit buy&burn
2. pay trading fees with 50% discount
3. pay for Bijietech services
4. pay listing fees
5. vote for community coins

Upcoming Uses:
6. buy into Binance Labs ICOs
7. base currency in BNB markets
8. collateral for margin trading
9. gas for decentralized exchange

BNB is already one of the most useful coins.  There is a positive correlation between the success of Binance and the fundamental value of BNB.

[5ensei]

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

Yeah, i think if binance exchange can have a much larger volume, then many people there will be more interested to use BNB token and the price will be pumped.

I don't think that's related. Binance is already in the podium of the best exchanges out there, and nobody would argue with that.. some even prefer it to bittrex (which doesn't really lists many coins anymore, and has had bad media coverage around the frozen accounts issue), and most would agree that it is the most trending platform at the moment.
The problem of BNB is all about the actual use of the token. As it is now, most think it's just a way for binance to raise some extra funds because other than voting for the coin of the months there's no point in holding tokens.

Current Uses:
1. 20% of profit buy&burn
2. pay trading fees with 50% discount
3. pay for Bijietech services
4. pay listing fees
5. vote for community coins

Upcoming Uses:
6. buy into Binance Labs ICOs
7. base currency in BNB markets
8. collateral for margin trading
9. gas for decentralized exchange

BNB is already one of the most useful coins.  There is a positive correlation between the success of Binance and the fundamental value of BNB.

Great summary there, Binance is a great exchange and will continue to grow. More coins will be added selectively which avoids sh*tcoins spamming the exchange. Users will realise that the BNB coins will reduce trading fees - and as the price appreciates BNB coin will be a must have coin

[Call_Me_Bambi]

on the matter of Binance, I do have some of my BTC held there (and some GAS too) for the forthcoming SegWit2x and, to hedge my bets, have BTC held on Kucoin and will probably put the rest of my BTC on HitBTC but not on Bittrex - they screwed me over on the Bitcoin Gold fork, still have not received the BTG they promised. Quote from Bittrex "you will be additionally credited the equivalent amount of Bitcoin Gold (BTG) ".

[hicaribou]

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

Yeah, i think if binance exchange can have a much larger volume, then many people there will be more interested to use BNB token and the price will be pumped.

I don't think that's related. Binance is already in the podium of the best exchanges out there, and nobody would argue with that.. some even prefer it to bittrex (which doesn't really lists many coins anymore, and has had bad media coverage around the frozen accounts issue), and most would agree that it is the most trending platform at the moment.
The problem of BNB is all about the actual use of the token. As it is now, most think it's just a way for binance to raise some extra funds because other than voting for the coin of the months there's no point in holding tokens.

Current Uses:
1. 20% of profit buy&burn
2. pay trading fees with 50% discount
3. pay for Bijietech services
4. pay listing fees
5. vote for community coins

Upcoming Uses:
6. buy into Binance Labs ICOs
7. base currency in BNB markets
8. collateral for margin trading
9. gas for decentralized exchange

BNB is already one of the most useful coins.  There is a positive correlation between the success of Binance and the fundamental value of BNB.

Thats really great, so this token is very valuable and will be more valuable  

[novaprime]

Binance actually has a lot more potential than other altcoin because this is altcoin with lots of community and will definitely grow in the future and my favorite thing about BNB is that they have a private exchange and have very many altcoin are traded

[EMS-007]

The web site is back up but can't place any trades. anyone else having the same problem? I get an error saying it is outside of trading time.

Is BNB belongs to Chinese regulations?

[Alcarin]

Kucoin exchange will overthrow and overcome binance at the start of 2018...

[CryptoCutie]

whats the different between Kucoin and Biance?

[Bonanzacoin]

whats the different between Kucoin and Biance?

Binance has a soul. Kucoin hasnt..

[karmakeddon]

The web site is back up but can't place any trades. anyone else having the same problem? I get an error saying it is outside of trading time.

Is BNB belongs to Chinese regulations?

No. Binance is licensed in Hong Kong and keeps their servers in Hong Kong and Japan. They are not affected by Chinese regulations since they are special territories. It's the same as Macau, which is also considered as a special territory even if it is closely associated to the mainland. They do have their own governing body. I have asked that particular question in r/Binance and this was their reply regarding it.

[raindropdroptop]

whats the different between Kucoin and Biance?

Kucoin is a copy of Binance with a modified reward system.  Both are incorporated in Hong Kong and both have long-term plans to develop decentralized exchanges.

Kucoin:
- 10% of trading fees retained by Kucoin
- 40% of trading fees distributed to referral program¹
- 50% of trading fees distributed to KCS holders as dividends
- 10% of profit used to buy & burn KCS until total supply is down to 100m KCS²

They plan to slowly reduce the dividends down to 15% of trading fees.
The dividends continue indefinitely, which makes Kucoin Shares look like a security in Hong Kong or USA³

1. https://news.kucoin.com/en/kucoin-will-launch-invitation-bonus-plan-on-1st-october/
2. https://assets.kucoin.com/kucoin_whitepaper_en.pdf
3. https://blog.gatecoin.com/delisting-of-dgd-icn-pay-and-mco-tokens-on-1-november-2017-90c2c45a3cdc

Binance:
- 20% of profit is used to buy & burn BNB until total supply is down to 100m BNB⁴
- BNB is used as a currency to pay trading fees with 50% discount.  

Q3 profit was $7.5m, so they burned $1.5m worth of the BNB they had collected as fees throughout the quarter.⁵
It looks like it will take 10+ years to burn 100m BNB.  

Advantages of Binance:
- The reward system is designed to make BNB look like a currency. They sold 120m BNB in the ICO, but they only buyback and burn 100m BNB. A lawyer might argue that there's no expectation of profit from this action, so it's not a security.
- Binance retains a higher % of revenue.  More money to invest in building margin trading and decentralized exchange.
- As I mentioned in my previous post, BNB has more utility currently.
- The team has decades of experience building exchange systems at their previous company, Bijietech.
- Binance has deep industry connections.  People like Roger Ver, Chandler Guo, Da Hongfei, Matt Roszak, and Vincent Zhou are holding BNB as angel investors.⁶
- Strategic partnership with Quoine, the first crypto exchange to be licensed by Japan FSA⁷

4. https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf
5. https://www.reddit.com/r/BNBTrader/comments/76h441/a_message_from_cz_ceo_of_binance_this_is_why_i/
6. https://www.binance.com/ico_review_en.html
7. https://news.quoinex.com/articles/binance-and-quoine-announce-a-strategic-partnership-to-build-global-liquidity-in-the-crypto-economy

[TeddyT]

@Volant, they are answering more complex questions only an insider would know. These are definitely the binance guys chatting with theirselves here.

How much does it cost to list on Binance?

[Bonanzacoin]

Q3 profit was $7.5m, so they burned $1.5m worth of the BNB they had collected as fees throughout the quarter.5
It looks like it will take 10+ years to burn 100m BNB.  
 

One month... no fees implied.
One month of China fud.
One rebuilding month.

STILL 1.5 million burned.

My NEXT quarter prediction:

6 million burned.

[Hallmader]

Is this thread full of bots or no one else seeing my comments?

More likely no one knows the answer

More likely, no one wants to answer. This thread is not full of mechanical robots. More likely this thread began with posts coming from human bots.  They are the people who made this thread full of posts. Posts that will only compliment the original post. These must be people who are receiving something in return for their posts or they are simply hardliners of Binance. Binance is from china. I have reservations.

[revelacaogr]

Binance Launches PC Client


https://support.binance.com/hc/en-us/articles/115002585651

We are pleased to announce that after 3 months of development and rigorous testing, Binance has launched a PC Client for its exchange platform on Windows. You may use the PC Client to trade using your Binance account and to also observe price movements.
As some of you may have guessed, the PC Client release is indeed the “P” in our “RPSM” set of new features. We hope you enjoy this new way of trading on Binance.

[5ensei]

Binance Launches PC Client


https://support.binance.com/hc/en-us/articles/115002585651

We are pleased to announce that after 3 months of development and rigorous testing, Binance has launched a PC Client for its exchange platform on Windows. You may use the PC Client to trade using your Binance account and to also observe price movements.
As some of you may have guessed, the PC Client release is indeed the “P” in our “RPSM” set of new features. We hope you enjoy this new way of trading on Binance.

Wow, sounds like a great new feature. Haven't tried it yet but seems like a first for exchanges, apart from DEX clients. Good to see an exchange with new developments and features. I think Binance will be among the top exchanges in 2018 and their BNB token will grow with it

[Temik2704]

What is official twitter account of Binance?
binance_2017 or another?
Or say please where can i monitor new coins who listed on exchange?

[Call_Me_Bambi]

As has been already posted, Binance Launches PC Client , but what is the benefit to most of us to use this client, would not be just as easy to login on the Binance site and trade from there ?

[lobo13hf]

As has been already posted, Binance Launches PC Client , but what is the benefit to most of us to use this client, would not be just as easy to login on the Binance site and trade from there ?

I think that the pc client will be linked to the future binance decentralized exchange site. If you are seeing waves dex and it looks the binance decentralized exchange site will try to adopt it. Distributing the dekstop client and everyone be able to download it from the official site and again. You will be able to trade in there after login into your account. This to develop the next secure exchange site.
The centralized exchange site will be changing into the trend of the decentralzized exchange.