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Author Topic: Why Binance Why  (Read 198 times)
Crypto50 (OP)
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January 09, 2018, 12:36:42 AM
 #1

First off i'm new so dont shoot me.

I trade on Bittrex and Binance. While Bittrex fee's are in btc why does binance charge a percent of the coin you want?
So if i want say 10 coins of BQX (Ethos) then technically i have to order 11 cause they charged me a fee of 0.011..... BQX

So now i have like 10.9xxx I can't trade the .9xxx so cause it only lets you trade in whole digits... Now wallet will sit with
fraction of coins that i already traded.

What do you guys do with the fraction of a coin on Binance??

Thanks,
aintnopassincraze
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January 09, 2018, 12:44:39 AM
 #2

Because hustlers gonna hustle thats why son. You just learned your first lesson Cool jk but no not jk they are hustling us Grin

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January 09, 2018, 01:10:32 AM
 #3

That's why you trade with BNB, pay the fees with it and cut them in half.

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entrepmind23
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January 09, 2018, 02:00:39 AM
 #4

That's why you trade with BNB, pay the fees with it and cut them in half.

Unfortunately, you can't do something about the dust but if you wanted to have the whole coin then you can change your trading fee to BNB and then have a 50% discount. The discount is temporary though because it would be reduced annually. I hope they can do something about the dust because if they add up all the dust of the users then it would still accumulate to a bigger amount. I registered in binance because of the issues in bittrex recently and fortunately, some coins that are listed there and not in bittrex is mooning so I was able to get on the ride.

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January 09, 2018, 02:03:06 AM
 #5

You should choose ninance now becase there platform is very interesting they have referral program that could make more active to all the user.
Crown1
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January 09, 2018, 02:13:36 AM
 #6

First off i'm new so dont shoot me.

I trade on Bittrex and Binance. While Bittrex fee's are in btc why does binance charge a percent of the coin you want?
So if i want say 10 coins of BQX (Ethos) then technically i have to order 11 cause they charged me a fee of 0.011..... BQX

So now i have like 10.9xxx I can't trade the .9xxx so cause it only lets you trade in whole digits... Now wallet will sit with
fraction of coins that i already traded.

What do you guys do with the fraction of a coin on Binance??

Thanks,
You can only keep it, because there is only a little token left that is almost useless and can't be sold.

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dzkazmi
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January 09, 2018, 02:17:41 AM
 #7

Thanks for the heads up, I had plans to use binance but now I wont do that. Its a joke if the coin has a worth.

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DoctorMoney
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January 09, 2018, 02:25:59 AM
 #8

This problem for those who did not notice it only,

a quick solution always do maths before buying means buy the fee before buying in, as in Buy xcoin 10.01 , and you will receive 10 because 0.01 goes to the fees , when you sell you can sell 10 straight away and receive the amount straight away in btc, this requires more calculation, also if you're buying/selling (trading) you always want the return more the amount you purchased in so if a leftover is left it's ok, why? because if you bought 1coin in 0.1 sold in 0.2 , infact you received 0.2 means you doubled your cash and yes you might have left overs in the coin it self.

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January 09, 2018, 03:57:09 AM
 #9

Thanks for the heads up, I had plans to use binance but now I wont do that. Its a joke if the coin has a worth.

all you should do to avoid this is to buy couple BNB's for paying fees, which will give you also 50% fee discount. and as bonus you will get share of overall fees which is made by burning coins every three months.

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