Binance: $BNB The Future of Exchanges.

[Quidat]

of course we all know that FTX is the best exchange after Binance, after FTX goes bankrupt then Binance will be even more popular and I'm sure many FTX users will head to binance as the next destination,
yes even though Binance we all know is very transparent but we also have to be vigilant,
because reportedly their FTX CEO SBF might be taking revenge about the FTX bankruptcy which might also be caused by the CEO of Binance "CZ",
so don't be too ambitious on Binance and keep your funds there for a very long time, because in the future no one will know if Binance is the next future exchange or the next FTX?.

When one of the known or popular exchange had ended up on a disaster then it would be normal for its users to flock away and would really be going into the current top or popular exchange platform
which is on binance but its true on what most people been saying on here that even though a certain exchange did really get that so much popularity but doesnt mean that it would really be remaining
forever or doesnt even assure about 100% security.This is why its never been recommended on storing up huge amounts of assets or money on any platform.
Binance current condition or popularity is on top notch but always consider or minding about the possible things that might happen in a snap.

[kawetsriyanto]

of course we all know that FTX is the best exchange after Binance, after FTX goes bankrupt then Binance will be even more popular and I'm sure many FTX users will head to binance as the next destination,
yes even though Binance we all know is very transparent but we also have to be vigilant,
because reportedly their FTX CEO SBF might be taking revenge about the FTX bankruptcy which might also be caused by the CEO of Binance "CZ",
so don't be too ambitious on Binance and keep your funds there for a very long time, because in the future no one will know if Binance is the next future exchange or the next FTX?.

Indeed. Binance seems like have no competitor, FTX gets bankrupt while Binance is getting popular among CEXs.
However, since FTX bankruptcy, people realize that CEX is no longer a safe place for their coins. I assume Binance also gets a negative impact in the future. People may consider prioritizing DEX or P2P, they will trade their coins from their private wallets. You are right, people may think Binance can be the next bankrupt exchange after FTX. Although Binance is always the number 1 CEX, it is not impossible if they are going to bankrupt if people are no longer interested to use CEX.

[CryptoYar]

~
so don't be too ambitious on Binance and keep your funds there for a very long time

People leave their funds on exchanges to avoid withdrawal fees. But they forget that they are putting their funds at risk just to save a few dollars in fees.

Exchanges should be used only for the purpose for which they were created. Buy/sell ---> trade.

[janggernaut]

I have used binance since the beginning of 2018 and until now I have not found a problem, when they apply KYC, I immediately applied, and I was happy to get a lot of Airdrops in Binance Wallet, the biggest exchanges of course we deserve to make the top priority.

Whats airdrops you reffering actually? I've been on Binance since 2017 (not long after they launched their ICO) and using them until now, but i didn't get "lot of airdrops". The airdrops i get were only hold some TRX (TRON) coin to get APENFT coin ,and joined on their launchpad & launchpool to earn some coins with staked our BNB.

[Sang Prabu]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

[royalfestus]

Source; Coin analytics
Binance show 78% growth in the number of account/addresses in the last 11 month of the year. Matic could be the next big thing in the next market and I hope they improve with the number of exchanges (CEX and DEX) and project listed on the blockchain. I see Binance beating bitcoin with lower percentage of dump in this market

[blockman]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

I don't think that many have left them even if they've required everyone to comply with the KYC. It's like nothing to the majority to comply with the kyc because they're trusted by most.
If the asset and they've at fault when they lost it, for sure that there's compensation on their end. But if you're the one that has lost it, you're in no means to be refunded by them.

[Ludmilla_rose1995]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

I don't think that many have left them even if they've required everyone to comply with the KYC. It's like nothing to the majority to comply with the kyc because they're trusted by most.
If the asset and they've at fault when they lost it, for sure that there's compensation on their end. But if you're the one that has lost it, you're in no means to be refunded by them.

I don't really like the KYC system, but I have a Binance account because I believe in their credibility in protecting user data. see the effect section on FTX just because CZ offends a bit. so far Binance is an exchange that users can feel comfortable with.

[CapGelatik]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

Be one of their services to follow up on what happened to your account. if the team doesn't take action maybe people will start leaving Binance. but this is not a project that can just disappear and you can see for yourself the very good progress of them.

in the past, KYC used to be a debate because we knew it could be a weapon for ourselves, because there have been lots of exchanges selling KYC from members,
but after Binance appeared, KYC is something that really has to be done because our funds or assets will really be it's really safe there, yes, until now there is no doubt about Binance's safety.

[lepbagong]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

there will always be a situation where the fear of abuse will of course be very strong and a natural thing to happen, but in the end everyone has to do according to the rules that all this time may have been done by banks. I agree with you, Binance certainly doesn't need to be doubted because it has a very trustworthy reputation, there is always a positive side that can be accepted by following the rules that have been made, as happened with you....

[mdzahed134]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

I'm using Binance for the last few years but when they asked to submit documents for KYC, i submitted without any doubt because this is Binance it’s world top cryptocurrency exchanges. I think who guys was leave they come back again, i heard Binance was hacked for multiple times but it’s not affected a single users fund, Binance recover it their own SAFU that's why people’s highly trust this exchange.

[mich]

Binance has a new Anti-Scam campaign and partnering with law enforcement agencies. Pilot run done in Honk Kong with good results.
"Approximately 20.4% of users had either reconsidered the withdrawal or reviewed whether the transaction carried the risk of scam." https://www.binance.com/en/blog/ecosystem/binance-partners-with-law-enforcement-agencies-to-launch-joint-antiscam-campaign-3471174426532385700

[errorcode99]

Binance explored the cryptomarket early and understood the need for a centralized platform to support the functionality of decentralized assets. Here Binance is successful and tops the list. Even after the different exchanges took place, it was hard for them to compete in terms of different listings, launches, features, and various other parameters.

[@sriyan]

$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.

The problem is BNB chain is somewhat centralized rather than a decentralized network. Also, Binance is a centralized exchange. So the BNB really depends on Binance. If there is something happens to Binance, then BNB will go to zero. Don't trust too much on BNB.

Eg:  FTT in FTX exchange

[fzkto]

Binance's reputation is no doubt, they are official companies that have been registered, when binance requires KYC, many people leave binance, but with KYC then when problems occur it will be easier to find solutions, and it is proven when my account is hacking they immediately complete and restore assets.

I'm using Binance for the last few years but when they asked to submit documents for KYC, i submitted without any doubt because this is Binance it’s world top cryptocurrency exchanges. I think who guys was leave they come back again, i heard Binance was hacked for multiple times but it’s not affected a single users fund, Binance recover it their own SAFU that's why people’s highly trust this exchange.

Binance is probably not the best cryptocurrency exchange, but the most common one. Don't forget that there have been multiple leaks of user data there. So I wouldn't get your hopes up that your data is safe. Or if the exchange starts cooperating with the state, you will automatically pay taxes on your trades.

[royalfestus]

Binance's license to operate in Australia has been revoked. In effect from 14 April 2023, clients will no longer be able to increase their derivatives positions or open new ones with Binance. For clarity, only binance Australia derivatives are affected by the news

[mich]

BSC validators have voted to cut gas fees from 5 gwei to 3 gwei. This is a cut of 40%.

This is because of the increased competition from the cheaper ETH layer 2 networks. https://cryptonews.net/news/blokcheyn/20851549/

[kevinzxz]

$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.

I'm sure the price of BNB will definitely continue to increase, moreover the supply of BNB is only 100M and for now BNB is also not just an exchange, but Binance also has a blockchain product (BSC), so that's what made me believe and be interested to investing in BNB, then I'm sure if a bullrun occurs, BNB price will definitely create a new ATH price and increase by at least $3,000 (my prediction).

[judaspriest]

$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.

I'm sure the price of BNB will definitely continue to increase, moreover the supply of BNB is only 100M and for now BNB is also not just an exchange, but Binance also has a blockchain product (BSC), so that's what made me believe and be interested to investing in BNB, then I'm sure if a bullrun occurs, BNB price will definitely create a new ATH price and increase by at least $3,000 (my prediction).

However BNB is one potential altcoin so I never hesitated either,
BNB will continue to grow and the price will increase although we never know exactly when that will happen,
it seems clear that it is only a matter of time.

[jossiel]

However BNB is one potential altcoin so I never hesitated either,
BNB will continue to grow and the price will increase although we never know exactly when that will happen,
it seems clear that it is only a matter of time.

That's it, we don't know what will happen and the future of BNB is also depending on its mother exchange which is Binance.

Well, it had became a strong altcoin when its exchange had become popular. Also, it had became like Ethereum for having mainnet and its own chain that hosts other projects.

Yes, it has the potential but don't be too confident with it because this market is too volatile and with some bad news, a fall can exist all at once.