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Author Topic: Binance: $BNB The Future of Exchanges.  (Read 131883 times)
premium_domainer
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December 11, 2017, 06:59:27 PM
 #1061

Binance is my favorite exchange by far. I was using bittrex and heard too many complaints about withdraws and customer services so I moved my belongings to here. So far so good.

Also, anybody has any info about when their referral campaign will end?

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ApehaFan777
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December 11, 2017, 07:22:47 PM
 #1062

what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails
piebeyb
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December 11, 2017, 07:36:05 PM
 #1063

Is everyone who buys it can get dividends as shareholders, I think it seems fair to bag holders for BNB as well, at least beneficial for shareholders as well.

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December 11, 2017, 08:50:30 PM
 #1064

Binance is a developing stock market. Every day, his reputation grows. I used a period of time. I was very nervous when China banned ICOs. I'm thinking of starting to use it again. Bnb'da is the market of the stock market.
bribed
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December 12, 2017, 12:32:06 AM
 #1065

Anybody had problems withdrawing Qtum from Binance? I tried several weeks ago and today I tried again but still get the same kind of error. Or actually its not even an error, I just cant confirm the withdrawal. I mean Qtum is still a ERC20 token right? So I put in an ERC20 compliant wallet, that should work or not?

If you can post the error message you get in this thread it may help us with your problem, or send a support request to Binance I'm sure they will point you in the right direction.

There is a post here http://cryptocoindaddy.com/move-qtum-to-bittrex-before-october-4-2017-for-qtum-blockchain-upgrade that says (after the swap) "Make sure to use the Qtum’s new mainnet compatible wallet and not the myetherwallet for storing your coins."

Thanks for the help man, actually it seems that I didnt do enough research. I only knew that QTUM was a ERC20 token and I looked it up on Etherscan and found it there so I was sure it still is. Thanks for clearing that up, I just checked and its true I have to download the mainnet wallet as it seems. That explains this withdrawal issue. Thanks alot for making me aware!
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December 12, 2017, 12:34:43 AM
 #1066

what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!
cyber-i
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December 12, 2017, 01:47:09 AM
 #1067

Can someone explain in what way Binance could become decentralised? I mean, an exchange will always need a team to run and manage it. How could it be fully decentralised?
VoskCoin
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December 12, 2017, 04:17:31 AM
 #1068

Hey guys put together a video featuring Binance, hope it helps someone get into using my favorite exchange right now Cheesy

https://www.youtube.com/watch?v=l98sKYDcfdM

Check out my Crypto YouTube channel
https://www.youtube.com/VoskCoin
If you enjoy my content click Subscribe
Call_Me_Bambi
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December 12, 2017, 12:08:10 PM
 #1069

Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function
premium_domainer
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December 12, 2017, 01:20:50 PM
 #1070

Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function


It is more for traders who use analytics.

For me, I use only my insights for trading so can't use stop-loss. Don't know how to set my stop-loss number. But of course, it will even bring more user to binance.

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newcoin01
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December 12, 2017, 03:31:42 PM
 #1071

Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function


It is more for traders who use analytics.

For me, I use only my insights for trading so can't use stop-loss. Don't know how to set my stop-loss number. But of course, it will even bring more user to binance.

I also don't use it but I think it'll attract some users who use that stop-loss feature.
carlisle1
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December 12, 2017, 03:54:42 PM
 #1072

Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function


It is more for traders who use analytics.

For me, I use only my insights for trading so can't use stop-loss. Don't know how to set my stop-loss number. But of course, it will even bring more user to binance.

I also don't use it but I think it'll attract some users who use that stop-loss feature.
its better to use your instinct and skills that relying on such sites
.binance has many followers and lotsbof users use it for trading but not me.
i still believe in oldschool way of trading .more reliable and more convenient
for me.
bribed
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December 12, 2017, 05:30:30 PM
 #1073

By oldschool way of trading you mean what exactly? Working with limit orders that you set manually when your instinct tells you that its the right time to set them? Dont really know what to understand under oldschool trading. Thanks in advance for the explanation!
premium_domainer
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December 12, 2017, 05:41:11 PM
 #1074

By oldschool way of trading you mean what exactly? Working with limit orders that you set manually when your instinct tells you that its the right time to set them? Dont really know what to understand under oldschool trading. Thanks in advance for the explanation!

I don't know what you are asking?

He just doesn't use analytics or stop/loss and acting his own thoughts and insights. I am doing like it but failing constantly Smiley

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bribed
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December 12, 2017, 06:04:46 PM
 #1075

By oldschool way of trading you mean what exactly? Working with limit orders that you set manually when your instinct tells you that its the right time to set them? Dont really know what to understand under oldschool trading. Thanks in advance for the explanation!

I don't know what you are asking?

He just doesn't use analytics or stop/loss and acting his own thoughts and insights. I am doing like it but failing constantly Smiley

I was asking what he means by oldschool trading.
So basically you mean only trading with limit orders dependant on thoughts where the market will be heading. Just like most people do their trades.
5ensei
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December 12, 2017, 06:34:20 PM
 #1076

what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB

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December 12, 2017, 06:55:49 PM
 #1077

what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB

I have some referrals using BNB for their trades. I am getting some bnb from them and using on my trades.

At the end i'm paying nothing for trading on Binance. Really love their marketing system Smiley

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Red_Sanford
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December 12, 2017, 07:10:31 PM
 #1078

The addition of the stop loss has made me take another look at BNB. This is a must have feature for any serious trader. For those that are trading without it.. How do you go to sleep at night knowing that you could wake up and have your position down 25% ?

If they will only add margin trading now..

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bribed
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December 12, 2017, 07:27:47 PM
 #1079

The addition of the stop loss has made me take another look at BNB. This is a must have feature for any serious trader. For those that are trading without it.. How do you go to sleep at night knowing that you could wake up and have your position down 25% ?

If they will only add margin trading now..

Actually, I guess most people in crypto are not day trading, so they just hold through the swings because they are used to see their positions rise or drop every other day for about 20% or more. At least for me its no problem to go to sleep knowing that this will happen Cheesy
BitMonkey
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December 12, 2017, 07:29:51 PM
 #1080

what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB
Yeah, it's less explosive then some other coiuns but I expect a pretty big growth over time.

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