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5ensei
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December 19, 2017, 09:52:52 PM |
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How much is the current price of Binance now? And when this was started ? I was confused with the people around me talking about this coin , looks like its a promising also  At this moment we are trading BNB at around ~$6 (or ~33k sats). You heard right, BNB is definitely a promising token, because it really got a use case, besides of being just a speculative object. You can use BNB to cover your trading fees while trading on Binance, this will reduce your fees by 50%. I believe this is the reason why BNB has been pumping these past few days. Lots of trades are now taking place on binance and people want to reduce their trading fees. If the price of BNB rises then you will basically be trading on the binance exchange for free! |
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orkoso
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Activity: 276
Merit: 23
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December 19, 2017, 10:06:54 PM |
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$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.
It is not an inversion on the exchange, just an utility to go to ICOs. It is quite a different thing. |
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Victorio
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December 19, 2017, 10:19:50 PM
Last edit: December 19, 2017, 10:58:01 PM by Victorio |
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I believe this is the reason why BNB has been pumping these past few days. Lots of trades are now taking place on binance and people want to reduce their trading fees. If the price of BNB rises then you will basically be trading on the binance exchange for free!
I would add here 2 factors: 1. Binance lists a lot of new coins and announces trading contests (the latter I view absolutely unethical); 2. Bittrex has toughened trading requirements (min order size on highly liquid markets might exceed EQV of 20$, on Binance it's 0.01 ETH ~ 8$) and trading system is sluggish - order history lags, order cancellation and placement is burdensome. Kudos to Binance - they seem to scale well, yet I would not discard Bittrex as the top altcoin exchange: 1. Founders and major personnel is publicly known and the exchange is within US jurisdiction 2. The volume is more stable on established coins, opposed to Binance where traders switch from one new coin to another 3. Better liquidity 4. Better on-site charting tools BTW, if BNB price rises, you pay more $ in fees |
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Gameflip ICO
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Activity: 112
Merit: 10
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December 19, 2017, 10:47:44 PM |
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Binance became very popular exchanger. If it goes well, it can replace Bittrex maybe.
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bribed
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December 19, 2017, 11:57:24 PM |
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How much is the current price of Binance now? And when this was started ? I was confused with the people around me talking about this coin , looks like its a promising also At this moment we are trading BNB at around ~$6 (or ~33k sats). You heard right, BNB is definitely a promising token, because it really got a use case, besides of being just a speculative object. You can use BNB to cover your trading fees while trading on Binance, this will reduce your fees by 50%. I believe this is the reason why BNB has been pumping these past few days. Lots of trades are now taking place on binance and people want to reduce their trading fees. If the price of BNB rises then you will basically be trading on the binance exchange for free! I guess with the many new people getting into cryptocurrencies everyday, it is pretty likely that many of those are looking for alternatives after getting to know polo and bittrex. I guess Binance is doing a great job marketing itself and for traders it contains only benefits, so I can imagine that Binance has many new users everyday and those start off on Binance by buying BNB, therefore price is appreciating. If we think of Coinbase with 100k new users everyday, I can also see maybe around 20k new people coming to binance everyday. |
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hieuho381
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December 20, 2017, 01:05:18 AM |
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Binance currently has tremendous trading volume everyday. Binance has tools to help trader make transactions easier and safer. I also do a lot of trading on Binance. I think Binance will be the largest trading platform in the world in the near future.
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jhontwis
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December 20, 2017, 01:08:03 AM |
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Binance is increasing its reputation. I started using Binance in a big way. For BNB I have a high price expectation. Still at levels suitable for harvesting. I guess I'll make small purchases.
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newcoin01
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December 20, 2017, 02:18:19 PM |
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Binance is increasing its reputation. I started using Binance in a big way. For BNB I have a high price expectation. Still at levels suitable for harvesting. I guess I'll make small purchases.
Yes it is increasing its reputation and userbase and volume and number of pairs and the value of its own token. They are going so good and fast. |
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jhontwis
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December 20, 2017, 03:17:33 PM |
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I imagine BNB at the level of 10 dollars, and I think that the market will see the latest 10 billions sooner. As the number of users increases, BNB increases.
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premium_domainer
Legendary
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Activity: 1764
Merit: 1012
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December 20, 2017, 03:19:18 PM |
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Binance currently has tremendous trading volume everyday. Binance has tools to help trader make transactions easier and safer. I also do a lot of trading on Binance. I think Binance will be the largest trading platform in the world in the near future.
They are growing fast but also strong. They are making very nice campaigns for their customers and they are solving problems very early. I am only using there now. |
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dagon666
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Activity: 154
Merit: 11
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December 20, 2017, 03:22:34 PM |
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Loving Binance, some say it will be the Bittrex killer... I like the fact that the support are fast. Haven't heard of any accounts getting locked either yet.
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sihat
Jr. Member
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Activity: 34
Merit: 2
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December 20, 2017, 03:54:00 PM |
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Binance is increasing its reputation. I started using Binance in a big way. For BNB I have a high price expectation. Still at levels suitable for harvesting. I guess I'll make small purchases.
http://bittrust.org/binancemany people complaint they got lock out from 2FA from binance and money is locked with no customer support for long time. Anyone have similar experience. |
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onetwostep
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December 20, 2017, 04:39:01 PM |
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Has recently become one of the most popular stock exchanges. It is also great that the transaction fees are done with their own coin. Value will increase as usage increases |
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DigeNarrator
Member
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Activity: 210
Merit: 11
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December 20, 2017, 05:25:23 PM |
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it was so strange to find out BNB at 6$ yesterday -.-
maybe i miss something, but it looks overvalued, carefully buying in this levels..
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premium_domainer
Legendary
Offline
Activity: 1764
Merit: 1012
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December 20, 2017, 05:34:41 PM |
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it was so strange to find out BNB at 6$ yesterday -.-
maybe i miss something, but it looks overvalued, carefully buying in this levels..
Actually, the binance volume is growing every day and more and more people want to pay %50 less fee and buying some binance token. If binance volume carries on growing token price will carry on too. |
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leea-1334
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December 20, 2017, 05:37:58 PM |
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I would add here 2 factors: 1. Binance lists a lot of new coins and announces trading contests (the latter I view absolutely unethical); 2. Bittrex has toughened trading requirements (min order size on highly liquid markets might exceed EQV of 20$, on Binance it's 0.01 ETH ~ 8$) and trading system is sluggish - order history lags, order cancellation and placement is burdensome. Kudos to Binance - they seem to scale well, yet I would not discard Bittrex as the top altcoin exchange: 1. Founders and major personnel is publicly known and the exchange is within US jurisdiction 2. The volume is more stable on established coins, opposed to Binance where traders switch from one new coin to another 3. Better liquidity 4. Better on-site charting tools BTW, if BNB price rises, you pay more $ in fees Yes, I had some trouble accepting it especially when Waves launched with them the new contest, and I am actually a Waves holder. At the basis I felt that this could be seen by others as a way to artificially inflate trade volume, and then also to encourage people to buy as that places them in contention. I know other coins even Bitcoin had plenty of contests but these were all done by individuals, never by anyone who was in any way a developer. Binance does well now as it is new, as you said, it gets more expensive as BNB goes up. So it is counter to what they want to achieve. Either way, I still want to move to decentralized exchanges. |
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onionpealer
Jr. Member
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Activity: 238
Merit: 1
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December 20, 2017, 10:13:53 PM |
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What's happening to Binance today, everything is running very slow, when I try to put a trade in it takes forever to accept it. Is there a sudden rush on a coin I'm not aware of ?
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gandhe83
Member
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Activity: 266
Merit: 10
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December 20, 2017, 10:35:21 PM |
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Loving Binance, some say it will be the Bittrex killer... I like the fact that the support are fast. Haven't heard of any accounts getting locked either yet.
Currently I am also trading a lot on Binance. Because the fee for each Binance transaction is currently quite low compared to other major commercial sites such as Bittrex and Poloniex. Even so, Binance has a tremendous amount of daily trading, and the trade is fast and secure, and you can verify your account for a huge daily exchange. |
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sezyumx
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December 20, 2017, 10:37:13 PM |
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I love this exchange and support all BTC forklings. I hope I have the necessary support for ETH forks.
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Qrivium
Newbie
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Activity: 112
Merit: 0
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December 20, 2017, 11:41:43 PM |
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I use Binance, I like it and I think BNB is a great idea.
I do wonder how Binance will handle increase volume and what is stopping them packing up shop and disappearing with all the loot. Yes, I know don't keep your coins on an exchange, but anyone who is trading even a bit does keep a little on as makes it easier.
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