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Author Topic: Binance: $BNB The Future of Exchanges.  (Read 128641 times)
jerry0
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September 17, 2019, 04:20:36 AM
 #3181

I opened a binance account over 1 year ago.  I'm American but I'm outside the US almost all year.  I did just a few trades on binance, nothing much.


As of now, US customers cannot log into binance with their US IP addresses?  Or they still can?  What about those US customers who still have coins in binance?  Can they still withdraw?


When you register, it does ask you what country you are from right?  Did it ask you for your address?  When i registered for binance last year, i don't remember if they ask me any of these questions.  My account is not verified.  I am outside the US at the moment and can log into binance.  So i can still trade while outside the US?  Is there a way to find out if i registered as a US customer when i created an account?  I do not remember if binance ask me any of this.  So is it fine keep my coins in binance still or withdraw the,?
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September 17, 2019, 05:53:32 AM
 #3182

I opened a binance account over 1 year ago.  I'm American but I'm outside the US almost all year.  I did just a few trades on binance, nothing much.
As of now, US customers cannot log into binance with their US IP addresses?
Yes, US IP Addresses are blocked. this was effective from 12th/september/2019

What about those US customers who still have coins in binance?  Can they still withdraw?
Withdraw is possible. Depositing and trading is not possible

When you register, it does ask you what country you are from right?
Did it ask you for your address?  When i registered for binance last year, i don't remember if they ask me any of these questions.  My account is not verified.
No they don't. It's only when you are trying to verify your account to level one

I am outside the US at the moment and can log into binance.  So i can still trade while outside the US?
Yes

Is there a way to find out if i registered as a US customer when i created an account?  I do not remember if binance ask me any of this.  So is it fine keep my coins in binance still or withdraw the,?
It's only probably through your registration IP address since you have not yet verified your account as US resident. Registration IP address is not conclusive thou since some people use VPNs when registering

So sometimes if you break their terms of agreement, they may ask you to verify you account before unlocking it. This is rare but it could happen so it's better to play it safe and follow the TOAs

Binance is planning to launch a platform majorly for US Residents. Am guessing it won't have many coins and trade pairs like the main platform.
https://www.binance.com/en/blog/346119082624540672/Binance-Announces-Partnership-with-BAM-to-Launch-US-Exchange

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September 17, 2019, 05:37:31 PM
 #3183

So how in the world do those users even withdraw funds then if their ip address are blocked?


Okay so they didn't ask for my location when i registered binance.  No wonder why i can log in without an issue.  But had i did verification with them with my US documents but im outside the US with a nonUS ip address, would that mean i could no longer log into binance now?



So as long as you are unverified and outside the US when you created an account, you are free to use as you please?  What about users who registered from the US but visit outside the US?  They can or can't access their accounts with nonUS ip address?


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September 17, 2019, 06:45:18 PM
 #3184

So how in the world do those users even withdraw funds then if their ip address are blocked?


Okay so they didn't ask for my location when i registered binance.  No wonder why i can log in without an issue.  But had i did verification with them with my US documents but im outside the US with a nonUS ip address, would that mean i could no longer log into binance now?



So as long as you are unverified and outside the US when you created an account, you are free to use as you please?  What about users who registered from the US but visit outside the US?  They can or can't access their accounts with nonUS ip address?



Based on what i had understand on such situation.No doubt that you can access your account with NonUS ip address but as you said you verified it using up US documents which im pretty sure sooner or later that account would be locked nor prohibited.Dont know why they havent done it 100% for those US users.

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September 20, 2019, 03:14:45 AM
 #3185

Binance to Launch Fiat-to-Crypto OTC for Chinese Yuan in October

Cryptocurrency giant Binance plans to roll out its over-the-counter (OTC) trading platform for Chinese yuan in October.

https://cointelegraph.com/news/binance-to-launch-fiat-to-crypto-otc-for-chinese-yuan-in-october


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miningguru
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September 20, 2019, 06:08:43 AM
 #3186

So how in the world do those users even withdraw funds then if their ip address are blocked?


Okay so they didn't ask for my location when i registered binance.  No wonder why i can log in without an issue.  But had i did verification with them with my US documents but im outside the US with a nonUS ip address, would that mean i could no longer log into binance now?



So as long as you are unverified and outside the US when you created an account, you are free to use as you please?  What about users who registered from the US but visit outside the US?  They can or can't access their accounts with nonUS ip address?



Based on what i had understand on such situation.No doubt that you can access your account with NonUS ip address but as you said you verified it using up US documents which im pretty sure sooner or later that account would be locked nor prohibited.Dont know why they havent done it 100% for those US users.

Yes, we shouldn't cheat the system because if they find anything that we are cheating them, definitely they will block your accounts without any intimation. So it is not a wise decision to use fake IP address because support members are watching in the back end.
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September 20, 2019, 09:29:01 AM
 #3187

The previous Binance IEO was not performing well, many people disappointed with the result. They holding so much BNB for joined IEO but what they can get is not comparable. Most of the participants profit from IEO just to cover their loss from holding BNB. This makes Binance IEO image getting worse.
Is Binance has a strategy to recover its image?

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September 20, 2019, 12:21:36 PM
 #3188

The previous Binance IEO was not performing well, many people disappointed with the result. They holding so much BNB for joined IEO but what they can get is not comparable. Most of the participants profit from IEO just to cover their loss from holding BNB. This makes Binance IEO image getting worse.
Is Binance has a strategy to recover its image?
It's wrong to think that every IEO of Binance will be successful, that's being unrealistic.
There is a risk in investing because we don't know if the project will be a success or a failure, so we have to accept if things does not go on our expectation.

There are some IEO in the past that are successful and as long as Binance continues to run and IEO, that will only make the exchange to grow more.
Also, projects that does not perform well in the beginning does not mean it has no chance to grow in the long run.

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September 20, 2019, 01:24:20 PM
 #3189

$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.
BNB might not be doing good this past few weeks but I still believe in the power of Binance exchange and its Binance Chain. Many quality projects have been migrating to binance chain just to be listed on binance dex and soon to be listed on binance cex. Its just a matter of time before we fully see that BNB will defeat ETH in terms of marketcap.

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September 21, 2019, 06:34:43 AM
 #3190

20 Episode Binance Podcast in which Binance Labs director Christy Choi and Vincent Niu, founder of Dapp.Review are discussing how blockchain games will affect cryptography in general and whether they will become killers

https://www.youtube.com/watch?v=drb_97Put9k
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September 26, 2019, 06:36:56 AM
 #3191

Chinese Homecoming — Crypto Companies Make Their Way Back to Asia

In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since leaving the Asian powerhouse back in 2017.

https://cointelegraph.com/news/chinese-homecoming-crypto-companies-make-their-way-back-to-asia



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September 26, 2019, 02:29:44 PM
 #3192

Another flash crash on an exchange but this time in relation to binances stablecoin.
Traders were able to get bitcoin at $1,820 with its usd pairing per coin yesterday.
https://dailyhodl.com/2019/09/25/flash-crash-crypto-traders-buy-bitcoin-btc-at-1820-using-binance-stablecoin
https://beincrypto.com/bitcoin-bought-at-1800-with-binances-unstable-stablecoin

Although these rarely happen they seem to every quarter between other major exchanges such as bittrex and poloniex.

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September 26, 2019, 05:59:33 PM
 #3193

Wow this post is from 2017, who bought Bnb then made some nice income by now! What was Bnb ico price?

Binance - https://bit.ly/3h0je7f (10% kickback commission)
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September 26, 2019, 09:47:06 PM
 #3194

Wow this post is from 2017, who bought Bnb then made some nice income by now! What was Bnb ico price?
That was "1 BNB = 0.1 USD". according to https://icorating.com/ico/binance-bnb/
It means people have already profited a lot if they didn't sell until now because BNB were able to achieve a new ATH this year and could possibly surpass that by the end of the year if the altcoins rally will take place.

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September 26, 2019, 11:56:03 PM
 #3195

Wow this post is from 2017, who bought Bnb then made some nice income by now! What was Bnb ico price?
That was "1 BNB = 0.1 USD". according to https://icorating.com/ico/binance-bnb/
It means people have already profited a lot if they didn't sell until now because BNB were able to achieve a new ATH this year and could possibly surpass that by the end of the year if the altcoins rally will take place.
...and its still a good time to buy BNB specially now that the price dropped because of the market situation. BNB is one of the well managed crypto company today and they are still growing, they continue to expand and reach more traders. So if you plan to expand your portfolio, don't forget to include BNB in your list. 
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September 27, 2019, 09:10:41 AM
Merited by Botnake (1)
 #3196

Price of BNB came back to 6 months ago, around 15 USD now. ICO price of BNB was 0.1 USD. ICO started at 1 July 2017 and completed at 21 July 2017. Although rough price decrease in last 2 months its still 150X from ICO price. By the way last 6 months BNB holders had great advantages at launchpad. Specially BNB holders made higher profits from ERD launchpad. Almost 15X with a single ticket which was equal to 300 USD.
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September 27, 2019, 10:41:00 AM
 #3197

Chinese Homecoming — Crypto Companies Make Their Way Back to Asia

In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since leaving the Asian powerhouse back in 2017.

https://cointelegraph.com/news/chinese-homecoming-crypto-companies-make-their-way-back-to-asia



You kind of can't blame them for this. China seems to be more free than my "free" country when it comes to this sort of thing. It seems like every week, I read something new about the United States wanting to add some more regulation when it comes to digital currencies. I can't even use a few of the exchanges I used to use a lot now. It's very annoying. Especially when you hold coins from a few years ago that are only on these exchanges.
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September 27, 2019, 10:56:07 AM
 #3198

Price of BNB came back to 6 months ago, around 15 USD now. ICO price of BNB was 0.1 USD. ICO started at 1 July 2017 and completed at 21 July 2017. Although rough price decrease in last 2 months its still 150X from ICO price. By the way last 6 months BNB holders had great advantages at launchpad. Specially BNB holders made higher profits from ERD launchpad. Almost 15X with a single ticket which was equal to 300 USD.
That's why people continues to hold BNB because BNB is now dominating the IEO, it's still the most profitable exchange that issues a token for their investors. I'm not sure, but I guess they are the first to offer this kind of investment style and it really works for them and to the investors.

X150 is a huge increase already, I did not calculate anymore but form 0.1 to 15 usd now, obviously thats over x100 increase which is only achieve by good coins in the market, and I'm sure it will not just stop their, 100 usd is possible in the future.

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September 27, 2019, 05:04:07 PM
 #3199

Anyone has "the old" Eth based BNB coins left? I want to buy them. PM me if you have any.
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September 27, 2019, 08:03:49 PM
 #3200

Price of BNB came back to 6 months ago, around 15 USD now. ICO price of BNB was 0.1 USD. ICO started at 1 July 2017 and completed at 21 July 2017. Although rough price decrease in last 2 months its still 150X from ICO price. By the way last 6 months BNB holders had great advantages at launchpad. Specially BNB holders made higher profits from ERD launchpad. Almost 15X with a single ticket which was equal to 300 USD.
That's why people continues to hold BNB because BNB is now dominating the IEO, it's still the most profitable exchange that issues a token for their investors. I'm not sure, but I guess they are the first to offer this kind of investment style and it really works for them and to the investors.

X150 is a huge increase already, I did not calculate anymore but form 0.1 to 15 usd now, obviously thats over x100 increase which is only achieve by good coins in the market, and I'm sure it will not just stop their, 100 usd is possible in the future.

Actually IEO's are starting to fade away.. it has started like minimum 10x from ieo price per usd at the beginning, but last ones are barely doing 2x-3x, you can check it for yourself. However still looking strong, building and moving forward, they are one of the biggest actors now, and it seems they will keep this position.

Hope next IEO's will make few x profits again. Smiley
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