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Author Topic: When Binance? The most asked question after ICO sales in Telegram group  (Read 66 times)
richan
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June 05, 2018, 03:50:12 PM
 #1

When binance? Is the most asked question in Telegram groups after an ICO sales. Binance is an exchange like many exchanges but traders and investors all prefer their tokens to be on binance. Why? What is so special about Binance Exchange ?
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June 05, 2018, 03:59:15 PM
 #2

Binance Exchange is one of the popular cryptocurrency exchanges with a focus on low trading fees, they growing fast and it's already become top 1 crypto exchange in the world, Why people always ask when binance? Because top exchange must have high trading volume, so they can easy gain x5 profit in ICO price

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June 05, 2018, 04:01:34 PM
 #3

they asked this to dev team because they want listed in market that high trading volume daily.if coins/ token traded in high volume, it have big opportunity to make it price higher than they expected

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June 05, 2018, 04:06:12 PM
 #4

High volume, low trading fees, the most top notch exchange so far and so on and so forth. It is normal for investors to always hope for an exchange that at least gives them peace of mind to make use of in terms of security and some other features. Ever asked yourself why a lot of them detest hearing about listing on HitBTC? Exactly! No one wants to tamper with a shitty exchange.

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June 05, 2018, 04:09:35 PM
 #5

Binance has proven itself to be a very trustworthy exchange with very high levels of users and trade volume. With trading, you need liquidity. You don't want to be waiting around for a day on a low volume exchange for your order to be cleared when it can be cleared in minutes on binance. As others have said, they also have low fees, and even lower fees when you hold their own Binance Token.

When hacked, Binance acted extremely fast to prevent any damage. There are unfortunately not many other exchanges that have shown this kind of action in the past.

Additionally, Binance has moved to Malta and plan to one day allow fiat-pairing to cryptocurrency. And finally they've announce that they're working on a decentralized exchange.

Really, Binance has it all: tons of coins to trade against, safety, a proven trustworthiness, and tons of volume. Unless a different exchange has a coin that isn't listed on Binance, people really don't see a point of trading elsewhere.

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June 05, 2018, 04:10:04 PM
 #6

Best volume of course but a hidden aspect that Binance boosts in my opinion is the anonymous aspect. You don't need to be verified to trade smaller amounts, only if you want to withdraw more than 2 BTC do you need verification. For most of us that means, we can trade anonymously which is a nice feature to have! Smiley

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June 05, 2018, 04:11:00 PM
 #7

I really think It's really because Binance has a user friendly interface and it's really easy to use especially for beginners. Binance is also one of the leading exchanges here, so I really think that investors wanted their token to be on binance its really because they wanted for their token to be known by a lot of other investors so that they can increase the price of the token.

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June 05, 2018, 04:15:26 PM
 #8

Binance is a term like "moon" in crypto space. By Binance loads of people mean any popular exchange with high volume in hopes of selling their bags. The majority of tokens get pumped after being listed there. By the way being listed on Binance does not mean that the project is not a scam, look at Centra.
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June 05, 2018, 04:18:17 PM
 #9

When binance? Is the most asked question in Telegram groups after an ICO sales. Binance is an exchange like many exchanges but traders and investors all prefer their tokens to be on binance. Why? What is so special about Binance Exchange ?

It's simple. At the moment, the Binance Exchange is a leader in terms of trading volumes, the number of traded currency pairs and low commissions for transactions.
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June 05, 2018, 04:22:14 PM
 #10

When binance? Is the most asked question in Telegram groups after an ICO sales. Binance is an exchange like many exchanges but traders and investors all prefer their tokens to be on binance. Why? What is so special about Binance Exchange ?
Because people think if the token is listed in binance means they have the budget. Considering binance is the most expensive exchange to list an altcoins. People think there will be a high percentage of success if the altcoin is listed on the said exchange. Another reason is that Binance is the top exchange presently in terms of volume.
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June 05, 2018, 04:28:37 PM
 #11

When binance? Is the most asked question in Telegram groups after an ICO sales. Binance is an exchange like many exchanges but traders and investors all prefer their tokens to be on binance. Why? What is so special about Binance Exchange ?
Because people think if the token is listed in binance means they have the budget. Considering binance is the most expensive exchange to list an altcoins. People think there will be a high percentage of success if the altcoin is listed on the said exchange. Another reason is that Binance is the top exchange presently in terms of volume.

   I didn't notice this, usually people ask for any exchange site, they
just wish to dump coins as soon as possible. I didn't know that Binance
asks more than other exchanges, it's new information for me, can we
check that somewhere, can you show us the source of this information?
   Binance is probably the most mentioned exchange site in this forum.
Maybe people thinks that after Binance price can rise a lot, Binance as
one of the better exchanges don't accept anything, they inspect coin
and that's means a lot for many new supporters.

 
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June 06, 2018, 06:12:01 PM
 #12

Binance is the leading exchange, so by nature it will give the most significant exposure to the coin. Everyone wants to see their investment traded on the most significant exchange.

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June 06, 2018, 06:19:29 PM
 #13

I think this is just a matter of taste and comfort of its users. I see 2018 is the year for binance and maybe other Asian exchanges. I remember last year there were still many investors who shouted when trex (bittrex), when polo (poloniex).
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June 06, 2018, 08:44:13 PM
 #14

NOTHING!!

Sheeez only newbs keep pounding these questions into developers faces!

Last year around this time it was "WHEN POLONIEX" and year before that it was "WHEN CRYPTSY" or "WHEN MINTPAL"

Newbs seem to think that by getting listed on a big exchange price will shoot way up and they will get rich, when in reality it doesn't matter and rarely do listings yield substantial gains that last!

Over time binance's grip on the market will diminish as more exchanges come out that are just as good as binance.

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June 06, 2018, 08:51:40 PM
 #15

lol, yeah, that question pops up so much.

Practically speaking, people want it on binance because it is the highest volume exchange in the world.
More volume means higher amounts of buys and sells, which can drive prices up (or down).
Ico investors are eager to make a quick profit.

Another reason is because binance has become some weird golden standard for icos.
There's this feeling that if the project gets on binance, it is legitimate and has hit a milestone.
The reason why they feel this is because binance is very expensive to get on (or a coin/token can win a popularity vote) and it has to have at least an MVP.
So it's kind of like a sign to investors that progress is being made.

The whole thing is nonsense really.
There are so many high volume exchanges out there and lately, newly listed coins don't necessarily pump at all.

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June 06, 2018, 08:57:39 PM
 #16

Well, Binance is one of the best Centralized exchange in cryptos world, they charge higher before a coin is listed on the exchange, they are the most popular and easiest exchange for cryptos.
So, most of those investors and bounty hunter do wish their coins are listed on Binance.
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June 06, 2018, 09:35:45 PM
 #17

Time changes so fast, i remember everyone used to ask when polo after an ico just one year ago then it changed to when trex and now when binance, im not sure but this question is mostly asked by dumpers or flippeners who want to make a quick buck as soon as it lists.

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