Binance: $BNB The Future of Exchanges.

[newcoin01]

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 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 agree, it's great idea. And volume of Binance growing so fast also user and token base.

[Call_Me_Bambi]

I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.

[Victorio]

I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.

Yes, BCX is Bitcoin X, 1:10 rate.
All the upcoming forks are announced by Chinese and this bothers me - the greedy scammers launch worthless copies of Bitcoin, to implement shady premines and steal your Bitcoin private keys.
Technically, Binance is doing a favor its customers for crediting them futures for the fork. Ethically, it stays in the same line of fraudulent and manipulative techniques Binance applies from early months.

[free-bit.co.in]

I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.

Yes, BCX is Bitcoin X, 1:10 rate.
All the upcoming forks are announced by Chinese and this bothers me - the greedy scammers launch worthless copies of Bitcoin, to implement shady premines and steal your Bitcoin private keys.
Technically, Binance is doing a favor its customers for crediting them futures for the fork. Ethically, it stays in the same line of fraudulent and manipulative techniques Binance applies from early months.

1 BTC：10000 BCX is the ration for BCX fork.*

Well, all I know is that they cannot steal your BTC keys, you are only importing the keys into their forked wallet and you get the coins, but you need to stop using the old private keys on the Bitcoin mainnet (security reasons).

But, I agree that the shady premines and unfinished forks are looking like greedy cash grabs by the Chinese forkers..anyone buying the forked coins is just plain stupid, just dump it on the market.

[BitMonkey]

I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.

Yes, BCX is Bitcoin X, 1:10 rate.
All the upcoming forks are announced by Chinese and this bothers me - the greedy scammers launch worthless copies of Bitcoin, to implement shady premines and steal your Bitcoin private keys.
Technically, Binance is doing a favor its customers for crediting them futures for the fork. Ethically, it stays in the same line of fraudulent and manipulative techniques Binance applies from early months.

Yeah, those forks would cost literally nothing if not for the exchanges endorsement.

[premium_domainer]

I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.

[Bonanzacoin]

i sold half my stack to ride ltc. Wait for the rest to get to $5 at least.

[Samandoon]

Hello everyone.
I used to be a binance holder and am a user now.
So like all you i am quite familiar with exchange owned tokens like bnb.
Now i just wana introduce to you another gem in case you haven't already came across it
Since it is yet a sleeping gem.

It's COSS token of COSS.io exchange. Stands for (Crypto One Stop Solution)

Holding COSS token you will recieve weekly dividents in many different coins including btc and eth and many others
Not only the value of your COSS token will grow over time but that of your dividents.( 50% fee split allocation, Fixed) fees yeiled from transactions on the exchange platform AND COSS merchant POS system.
It's still super chip to buy. In Beta yet. https://coinmarketcap.com/currencies/coss/
Less than 10m market cap yet
The dev is planning to release a compeletly new UI before christmas
They are super complient to the regulations and seriously working on including FIAT to crypto feature in near future Q12018 which will be huge.
And a great supportive and big community.
Singapore based also
They haven't even started mass markrting yet...
Another binance at 15 cents i believe....
Good luck.

[bribed]

I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.

Agreed, its great that they credit the coins from the forks. But its not excactly true that you can withdraw them whenever you want, for me Bitcoin Gold as well as Bitcoin Diamond is still not withdrawable. Im waiting for it to become possible so I can sell this nonsense as long as it still brings a little money.

[newcoin01]

I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.

Yes that is good policy. Many exchanges gettin those coins and keepint for themselves.

[premium_domainer]

I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.

Yes that is good policy. Many exchanges gettin those coins and keepint for themselves.

I know!

They are making tons of profit for keeping it themselves. I had 0.25 btc on cryptopia when btg happened and they said they are not supporting it. They made a 75$ worth profit just from me.

[neobao]

BNB is becoming the exchange of many ICO projects. BNB already has a high trading volume and is showing really stable until now. In my onion this exchange will continue to grow and be one of the biggest exchange out there.

[Psynthax]

I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.

Yes that is good policy. Many exchanges gettin those coins and keepint for themselves.

I know!

They are making tons of profit for keeping it themselves. I had 0.25 btc on cryptopia when btg happened and they said they are not supporting it. They made a 75$ worth profit just from me.

But remember a lot of the exchange sites are not distributed the BTG to the bitcoin holders. Just like poloniex and why the team has made tons of money through the bitcoin gold. Binance has a very good policy to still distribute the hardfork to the holders but try to filter the hardfork coin of bitcoin.

[charlescoin]

BNB is becoming the exchange of many ICO projects. BNB already has a high trading volume and is showing really stable until now. In my onion this exchange will continue to grow and be one of the biggest exchange out there.

Yeah in just a few months it went from a tiny exchange to one of the top ones. I think it will only grow further as bittrex is having issues now with the amount of volume they are getting where as binance seems to be handling the increase in volume just fine.

[premium_domainer]

I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.

Yes that is good policy. Many exchanges gettin those coins and keepint for themselves.

I know!

They are making tons of profit for keeping it themselves. I had 0.25 btc on cryptopia when btg happened and they said they are not supporting it. They made a 75$ worth profit just from me.

But remember a lot of the exchange sites are not distributed the BTG to the bitcoin holders. Just like poloniex and why the team has made tons of money through the bitcoin gold. Binance has a very good policy to still distribute the hardfork to the holders but try to filter the hardfork coin of bitcoin.

I can understand them not to list it. Because they are not adding everything. Every exchange has some different requirements.

But they are getting it because of us and when they don't distribute to us, it is like stealing our money.

[Bonanzacoin]

Looks like i was right bout the price (if it can go over $2 again it can go over $3 as well)

Bagholders, including me, that held till a low of 50 cent.. its now

OVER $4!!!

Congrats to us and Binance! (but please do somethin bout the withdraw fees, people will leave for that)

[sezyumx]

Binance is very successful in forking. Will you also give Ethereum Fog fork?

[raindropdroptop]

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?

They could do something similar to Ethfinex:
https://www.ethfinex.com/ethfinex-whitepaper.pdf

People who want high frequency trading can still trade on the centralized exchange.

People who want to retain 100% custody of their assets can make trades on the same orderbook with Bitfinex acting as the middleman:

This diagram explains it:
https://i.imgur.com/gByghtI.jpg

[mickp]

Nice to see binance token growing by day.
Coss.io also have same concept but giving dividents to there traders.
What do you think peeps will coss also raise like the binance coin.
i remember BNB coin was 0.17 cents monts ago, coss have same price now.

coss price:
https://coinmarketcap.com/currencies/coss/

bnb price:
https://coinmarketcap.com/currencies/binance-coin/

[runrightnow]

What is going on with Binance exchange. If anyone here is a member of that exchange can you try logging in and see if it works for you. When i try and log in my screen just flashes non stop and i can't click on anything at all. Annoying too because i'm trying to do a trade there right now.