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Author Topic: Binance about to offer Fiat-Crypto Trading.  (Read 352 times)
Anthony1985
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June 06, 2018, 09:05:46 PM
 #1

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

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June 06, 2018, 09:38:47 PM
 #2

I think this will happen eventually, bittrex has recently introduced this system which is a very good sign that crypto will be adopted. so this is very good news that is likely to happen. and yes a backbone for another big bull,
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June 06, 2018, 09:39:49 PM
 #3

If it forces users for identity verification like poloniex and bittrex, it won't be good and it will lose a lot of users but they will probably require kyc for only those who want to make usd withdrawal.

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June 06, 2018, 10:32:47 PM
 #4

I think it's rather good as it will advance the mass adoption of crypto. Wonder if they'll manage with a new surge of traffick. Recently, they had to close registration so people were even trading their accounts.
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June 06, 2018, 10:37:51 PM
 #5

Sounds really good to me unless they ask (like most fiat-cryptocurrency exchanges do) for identity verification and stuff liek that,it would be really unfortunate especially that Binance is a very good exchange in my eyes compared to others.Or it would be great to make it just an option to trade fiat-crypto and only those who want this option get their identity verified and others don't get affected.

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YTBitcoin
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June 06, 2018, 11:24:51 PM
 #6

I recently joined binance for my trading and I am very happy with that exchange but the problem was that there was not crypto fiat trading pair and for that I relied on other exchanges. When bittrex added the pair then I thought that there will be the expectation that binance will also add the pair and they are going to do.
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June 06, 2018, 11:46:38 PM
 #7

This is great. We need more and more options like this to facilitate and increase the liquidity of assets. It may increase the concentration and power of Binance, since many other exchanges only serve to exchange fiat-BTC. But this step is necessary because someone with the resources of Binance can negotiate more easily with banks. And maybe even seek the same path as the coinbase.


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June 06, 2018, 11:49:58 PM
 #8

All exchanges are taking the same root right now , Bittrex already did it , Got an email from Poloniex that I have to upload my documents and we all knows what that means , Binance doing it is huge since it is #1 exchange right now . Maybe this will help HYPE crypto currency more since it will be more easy for normal people to convert there crypto in real cash now .

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June 07, 2018, 12:42:37 AM
 #9

Right now binance is being the firts rank in the transaction movement that compare to anotjher exchanges. With the existece of it new program of course will add more volume. plans to create a $1 bln cryptocurrency-based fund, an executive confirmed June 1


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June 07, 2018, 01:43:51 AM
 #10

I knew it that this will come to give convenience to others that wants to get into the market that are totally skeptic. Having tied up with a bank on Malta will give assurance to those people that are still thinking not so good idea about crypto trading.

CZ is totally intelligent if it comes to his business.

He goes to a country that tax not crypto profits and set ups his bank for that business. Another great solution for those customers that are seeking for this type of trade.

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June 07, 2018, 01:50:00 AM
 #11


This system is going to be great, because listing tokens in binance too expensive for ICO to afford. So offering Fiat to crypto exchange will benefit the public and would be good for the cryptocurrencies.

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June 07, 2018, 01:56:18 AM
 #12

People expect altcoins to pump when more crypto/fiat pairs are added, but most people are going to get disappointed.
There are already some good fiat pairs like Eth-USD, LTC-USD and XRP-USD. These are good coins.

However, Shitcoins are shitcoins and no matter how many fiat pairs they have they will not have their price increased.

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June 07, 2018, 01:59:58 AM
 #13

People expect altcoins to pump when more crypto/fiat pairs are added, but most people are going to get disappointed.
There are already some good fiat pairs like Eth-USD, LTC-USD and XRP-USD. These are good coins.

However, Shitcoins are shitcoins and no matter how many fiat pairs they have they will not have their price increased.

xrp is a shitcoin as well Wink

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June 07, 2018, 02:45:13 AM
 #14


Apparently, Binance will follow Bittrex's move.
If Binance succeed to do that, I think another big exchange will follow the same move.

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June 07, 2018, 07:32:54 AM
 #15

I think it's going to be a massive boost for the cryptos in general.

Opening a Bank account in Malta will allow a lot of Europeans to easily deposit and buy cryptos

Vechain!
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June 07, 2018, 07:41:22 AM
 #16


Binance already reported that they are moving to Malta, so they are slowly establishing themselves and maybe this is one move that they wanted to do for a long time, however, as tougher regulations is being put up, government put pressure on them that's why they made the bold move to go out to Malta, as its a safe haven for crypto enthusiast. So I'm not surprised at all, although I have my qualms about fiat-to-crypto deposits and withdrawals, might include KYC though and other pertinent information that others might not be comfortable with.

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June 07, 2018, 10:38:04 AM
 #17

As long as it can increase adoption, it's a good news if true.
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June 07, 2018, 10:41:02 AM
 #18

It would greatly feed Binance due to the fees it offers for withdrawal, and it is also good to have trusted exchange to withdraw.
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June 07, 2018, 10:44:12 AM
 #19

i like this news and think she is very good. for binance it is certainly also very good as it will certainly bring them new customers.
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June 07, 2018, 11:30:39 AM
 #20

Bittrex announcing FIAT pairing, now Binance announces fiat pairs...even though the market has been in a downtrend for quite some time now, it's pretty nice to see that we keep getting nothing but good news for the cryptosphere.

However, Shitcoins are shitcoins and no matter how many fiat pairs they have they will not have their price increased.
I doubt Binance is going to have fiat pairs with shitcoins, they'll probably start with the major pairs.

although I have my qualms about fiat-to-crypto deposits and withdrawals, might include KYC though and other pertinent information that others might not be comfortable with.
They'll definitely going to enforce KYC procedures, they're dealing with fiat now.


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