Binance Exchange?

[Truong Thu]

Binance needs to verify identity to be able to execute the transaction

[mithuz]

All exchanges need hot wallets to ensure their customers can make regular deposits and withdrawals. But when selecting who you choose to trust with your cryptocurrency, ask yourself: “Do they really need to put that much money at risk?!”

Binance has more than one big fat hot wallet just waiting for someone to sneak along and grab those sweet private keys. Let’s check out some of the other ones.

Here check what I'm talking about.

Address: 0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be
Balance as of 8/9/18: $312,081,504.74

https://faa.st/portfolio/address/0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be

https://medium.com/faast/which-crypto-exchange-is-putting-your-funds-most-at-risk-517ca3c45ef2

[hidrocop]

Binance and bnb are doing very well. Now decentralized demo is released and moving rapidly to become the best exchange in the future

[Sovaivncb1996]

binace is one of the most powerful and secure trading platforms i have ever traded. it is very easy to use. in front of the bittrex floor is quite big but now the binance floor is more popular

[torry28]

Binance needs to verify identity to be able to execute the transaction

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.

I have account on the binance, i think you should KYC because, this is need for your account.

I also have an account on binance but i didn't do KYC until now since i don't need to do that.

[Makka]

Binance needs to verify identity to be able to execute the transaction

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.

I have account on the binance, i think you should KYC because, this is need for your account.

I also have an account on binance but i didn't do KYC until now since i don't need to do that.

Ahh. So that is why I am labeled unverified on Binance even if I submitted verification docs before? Did they changed some of their rules? I think I am allowed 50 BTC daily before. I am unverified but I got 2 BTC limits daily which isn't bad. KYC is different from verification levels?

[Oilacris]

Binance needs to verify identity to be able to execute the transaction

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.

I have account on the binance, i think you should KYC because, this is need for your account.

I also have an account on binance but i didn't do KYC until now since i don't need to do that.

Ahh. So that is why I am labeled unverified on Binance even if I submitted verification docs before? Did they changed some of their rules? I think I am allowed 50 BTC daily before. I am unverified but I got 2 BTC limits daily which isn't bad. KYC is different from verification levels?

As far as i remember ethere are 2 steps or levels of KYC on binance that can give you out bigger limits on each level.Dont know on whats the requirement but as level rise up then it do require even more documentation.
If they changed your limit wayback before they might really have some re-verification. 2 BTC isnt bad though as an unverified user thats why i do love this exchange.

[Arkham Knight]

Binance needs to verify identity to be able to execute the transaction

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.

I have account on the binance, i think you should KYC because, this is need for your account.

I also have an account on binance but i didn't do KYC until now since i don't need to do that.

Ahh. So that is why I am labeled unverified on Binance even if I submitted verification docs before? Did they changed some of their rules? I think I am allowed 50 BTC daily before. I am unverified but I got 2 BTC limits daily which isn't bad. KYC is different from verification levels?

As far as i remember ethere are 2 steps or levels of KYC on binance that can give you out bigger limits on each level.Dont know on whats the requirement but as level rise up then it do require even more documentation.
If they changed your limit wayback before they might really have some re-verification. 2 BTC isnt bad though as an unverified user thats why i do love this exchange.

2 btc is also enough for me. I'm just an average trader and making 1 btc takes me a year to make if I'm lucky. Binance is the best exchange out there and the only thing missing is the market movement. If the next bullrun is going to be greater next year then I would not mind doing KYC to cash out more than 2 btc.

[finaleshot2016]

Binance needs to verify identity to be able to execute the transaction

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.

I have account on the binance, i think you should KYC because, this is need for your account.

I also have an account on binance but i didn't do KYC until now since i don't need to do that.

Ahh. So that is why I am labeled unverified on Binance even if I submitted verification docs before? Did they changed some of their rules? I think I am allowed 50 BTC daily before. I am unverified but I got 2 BTC limits daily which isn't bad. KYC is different from verification levels?

As far as i remember ethere are 2 steps or levels of KYC on binance that can give you out bigger limits on each level.Dont know on whats the requirement but as level rise up then it do require even more documentation.
If they changed your limit wayback before they might really have some re-verification. 2 BTC isnt bad though as an unverified user thats why i do love this exchange.

2 btc is also enough for me. I'm just an average trader and making 1 btc takes me a year to make if I'm lucky. Binance is the best exchange out there and the only thing missing is the market movement. If the next bullrun is going to be greater next year then I would not mind doing KYC to cash out more than 2 btc.

^ yeah right.

2 BTC is a huge money and I think it's enough to have a limit of 2 BTC or even 1 BTC because not all are trading each day. Only the people who do loans and have a business in crypto must do KYC because they need a lot of transactions each day if they have a hundreds of traders/costumers.

Also KYC in the internet is very risky so I think it's better to secure the exchange first before sending personal infromations but if it's binance or kucoin, I think it's a good thing to do.

[hidrocop]

Binance is a good exchange and solving problems fast, you do not have to do KYC and I think the limit is enough for customers who do not have verification

[onebtcforlife]

I hope Binance is very good to exchange for me to trade, most of the cases they will list very prominent coin which has huge potential in the market. Soon they will become one of the most promising coin in the market and soon they are releasing their own blockchain which helps them to find some other good potential project under their blockchain.

[flyingplows]

I would like to ask is there any info on whether Binance will reward its clients BCHSV coins in case that BCH splits into two or three separate blockchains.. All I found is that they will "support" the fork in November.. But support could also mean just remaining on the dominant chain.
p.s. it would be nice if they added support for DOGE also

[Bytem3]

Binance is building Binance Chain that will be used to transfer multiple blockchain tokens and will be the basis of the Binance DEX:

https://coincodex.com/article/2815/what-could-binance-chain-mean-for-crypto-and-blockchain-space/

[mamesso]

Binance is building Binance Chain that will be used to transfer multiple blockchain tokens and will be the basis of the Binance DEX:

https://coincodex.com/article/2815/what-could-binance-chain-mean-for-crypto-and-blockchain-space/

I believe in binnace, one of the best exchanges I've ever seen.
they continue to develop their technology and implement various updates for the convenience of users.
I am happy to trade there.

[ciang huang]

Binance needs to verify identity to be able to execute the transaction

Not really, you can verify your ID (KYC) only when you want to withdraw more than 2 btc each day.

I have account on the binance, i think you should KYC because, this is need for your account.

I also have an account on binance but i didn't do KYC until now since i don't need to do that.

Ahh. So that is why I am labeled unverified on Binance even if I submitted verification docs before? Did they changed some of their rules? I think I am allowed 50 BTC daily before. I am unverified but I got 2 BTC limits daily which isn't bad. KYC is different from verification levels?

As far as i remember ethere are 2 steps or levels of KYC on binance that can give you out bigger limits on each level.Dont know on whats the requirement but as level rise up then it do require even more documentation.
If they changed your limit wayback before they might really have some re-verification. 2 BTC isnt bad though as an unverified user thats why i do love this exchange.

2 btc is also enough for me. I'm just an average trader and making 1 btc takes me a year to make if I'm lucky. Binance is the best exchange out there and the only thing missing is the market movement. If the next bullrun is going to be greater next year then I would not mind doing KYC to cash out more than 2 btc.

^ yeah right.

2 BTC is a huge money and I think it's enough to have a limit of 2 BTC or even 1 BTC because not all are trading each day. Only the people who do loans and have a business in crypto must do KYC because they need a lot of transactions each day if they have a hundreds of traders/costumers.

Also KYC in the internet is very risky so I think it's better to secure the exchange first before sending personal infromations but if it's binance or kucoin, I think it's a good thing to do.

those who do KYC are investors who transact with large volumes every day in my opinion, but it is true that you say bro, doing KYC on the internet is very risky if other people hack it will be used incorrectly.

[Bostraticus]

Now binance can be said of heavy rivals bittrex, many traders who move to binance. I also no longer trade in bittrex, because my verification has been rejected repeatedly. Now i prefer to trade in binance and i'm sure binance will be more popular than bittrex.

I had problems with Bittrex, after which I stopped using their services. They blocked my account for a long time, without explaining the reason. Binance is really much better, but I’m not sure that I’ll have such problems with them. I began to use the services of exchangers lately, for example, Coinswitch and Changenow, and the latter seemed to be more convenient, although this is solely my opinion.

[onrise]

Binance and bnb are doing very well. Now decentralized demo is released and moving rapidly to become the best exchange in the future

BNB off lately has risen like anything and binance exchange in last couple of years have really captured the market well. Also due to its less trading fees, easy user interface and many coins getting listed is making it more attractive for users to trade on this exchange. Also, I see that during the bear market it has a good volumes on trades.

[The Cryptologist]

Binance is like the exchange equivalent of bitcoin right now. They  assess coins that wants to get listed there very carefully. And the volume is so healthy around there and I bet that 80% of big time traders are there.

[marketone]

Binance CEO revealed new details about Binance Chain, the blockchain platform and decentralized exchange that’s being developed by the company behind the world’s busiest cryptocurrency exchange.

https://coincodex.com/article/3015/binance-ceo-reveals-details-about-upcoming-binance-chain/

Yes, they mentioned it long time ago, that they are going to release the Binance Dex very soon. After launch of this  binance DEX, they will start the ICO's on this Binance chain.

[Douglasyukanov]

binance exchange solution without having to verify data for a maximum Bitcoin withdrawal of 2 btc.
if you make exchanges and withdrawals with large numbers exceeding 2 btc you must verify the data,
for the problem of binance withdrawal fees, it is cheaper with other exchanges and is good enough to make purchases and sales between exchanges for traders.