BigTeeths
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April 05, 2019, 04:33:27 AM |
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Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
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iv4n
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April 05, 2019, 09:20:27 AM |
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Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
Where are the biggest gainers there are the biggest losers too. Binance is the biggest market currently, but there are other good exchanges too. Why to wish somehthing like that? Why Binance to have 80% of the market share for them, it`s almost a monopoly. Like I said there are other good exchanges that doesn`t ask you for kyc or where you live, you make profit on price changes no matter which exchange you use.
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pundit
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April 05, 2019, 04:55:33 PM |
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I am not sure about profit but yes in Binance you can make a quick deal as trading volume is very high. There are lots of traders placing order in Binance at the same time so you need not to wait to sell or buy any token whereas in other exchanges volume is not that good. Less volume also increases the price gap means Sell order and Buy order are placed at a huge gap, in such situation noone wants to buy buy costly and sell cheap. If a trader is good in fundamental or technical analysis he/she can make good profit at Binance due to nice platform and instant execution.
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Supercrypt
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April 05, 2019, 05:45:30 PM |
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Binance's trading is very much lower compared to other exchanges. With recent incidents of exchange hacking, i am sticking with Binance for i believe in their security measures against such attacks though nobody is sure how long their system could withstand security threat but for now i am with them. Besides that, though i am not a day trader, i earned profit with this exchange.
Binance trade is cheaper to other exchanges because of the volume on Binance, even with that little charges, they are still making much more profit more than the other exchanges, so their volume really makes it easy to adjustthere charges to being the lowest. I believe if other exchanges too can get the number of volume and users Binance has, they too will become cheap, but I still give kudos to Binance, they didn’t just get to this stage if not because of their hard work that brought about their efficiency and also the security measures put in place that attracted lots of users to them.
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bonker
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April 05, 2019, 07:27:37 PM |
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Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
Not too many exchanges haven't revealed their actual value but Binance is one of the exchange with highest actual trading volume on it so it is not a surprise that people trading on it getting some profits.And they also have BNB to cur down their fee which gives some encouragement for the people who want to trade regularly with crypto on that exchange.
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Whosdaddy
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April 07, 2019, 03:08:52 PM |
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Digital assets that are listed in Binance gains high liquidity so this is not a huge suprise. It has always the most volume and I'm sure that there are a lot of whales hanging out there and just cutting their orders just to make it look it's a normal buy and sell orders. If I were to decide I would want only 10-20 exchanges that will exist in the market so Binance will have 80% or more of the total volume of the whole crypto market.
Where are the biggest gainers there are the biggest losers too. Binance is the biggest market currently, but there are other good exchanges too. Why to wish somehthing like that? Why Binance to have 80% of the market share for them, it`s almost a monopoly. Like I said there are other good exchanges that doesn`t ask you for kyc or where you live, you make profit on price changes no matter which exchange you use. If we have good exchanges out there better than Binance, then they should do well too to meet up to standard, what they have is same thing Binance has, so they have everything they need to function well and break the monopoly of Binance if they wish to do so, they have caught their profit greed and bring down their own trading fee too to be at pal with Binance, if they had done so, internet would not have even recorded Binance alone as the exchange with the lowest possible trading fee, this is then main edge Binance has over them, aside their intelligent team members who are very creative.
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akuser
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April 07, 2019, 03:44:09 PM |
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Maybe this is a factor from IEO binance to become a popular and favorite exchange. just look at BTT and other IEOs that are successful in seconds. Even other exchangers compete to make a similar IEO. but binance is still number one.
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iv4n
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April 19, 2019, 08:55:19 AM |
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If we have good exchanges out there better than Binance, then they should do well too to meet up to standard, what they have is same thing Binance has, so they have everything they need to function well and break the monopoly of Binance if they wish to do so, they have caught their profit greed and bring down their own trading fee too to be at pal with Binance, if they had done so, internet would not have even recorded Binance alone as the exchange with the lowest possible trading fee, this is then main edge Binance has over them, aside their intelligent team members who are very creative.
Correct. The competition on exchangers market should be bigger, to other not so popular exchangers offer better terms and conditions than Binance. I really do not understand why it still take the biggest part of the market. I do not use it at all and apparently never will, because of my country is kind of banned on the exchanger due to political situation between our governments. But I really do not care, because of there are many others.
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ApocalypseNow
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April 19, 2019, 01:43:44 PM |
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We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.
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zhekinsp
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April 19, 2019, 03:33:18 PM |
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We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.
So Binance is making more money than other exchange rather than saying Binance traders are making more money than other traders.
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teosanru
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April 19, 2019, 04:07:39 PM |
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Isn't this study only between Binance and Bittrex? Binance is definitely better than bittrex on many level, important being the withdrawal fees. Binance came with the app quite early and thus, has edge over many od its competitors. Binance has enough liquidity and simple API for any small investor. Thus, more daily volume and hence, more volatile. The more is the volatility, more is the chances of making profits.
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Xenrise
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April 19, 2019, 04:15:08 PM |
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I'm pretty sure that it depends on the traders. If a trader does TA and good in different kinds of trades like shorting or long trades. Then he could be a better trader than other traders. But having a trader trading in binance does not makes sense that they are more making money than other traders.
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Ayiranorea
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April 19, 2019, 04:19:33 PM |
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We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.
So Binance is making more money than other exchange rather than saying Binance traders are making more money than other traders. More users have been getting into Binance for all trading needs. As majority of the cryptocurrencies listed to Binance has got good trading volume when compared to other exchanges with the same cryptocurrency. Another thing is the accessibility provided, very few exchanges have got an app that works without flaw. There are traders making good out of Binance, but not the entire traders experiencing the same.
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BlueStackz
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April 21, 2019, 04:44:05 PM |
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We could not deny that fact. The binance team has taken all the trust and interest of many traders compared to others because of their transaparrency. Any token that gets listed there will always have a good liquidity because of the active trades and huge volumes and very easy for anyone to take advantage of that.
The point you made only shows that the project developers and team are the ones enjoying more, but I think the major thing the op is trying to point out the fact that traders on Binance platform makes money more than other trader in another platform because of the low trading fees being charged by Binance compared to other exchanges. If it’s based on the features you mentioned, I think other exchanges too have these great features that could attract investors and not make Binance users make money more than them, but for fees, Binance is superb.
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anume123
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May 06, 2019, 04:12:10 PM |
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Binance for me is the most good exchange platform that i see. So many people like binance because it is the top 1 exchange platform with no fake volume. Because in other exchange lot of is making an fake volume and traders always complaining from it.
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DeathProxy
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May 06, 2019, 08:02:27 PM |
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From what i have read deom your analysis i can deduce that the major diffrence that makes it looks like Binance traders are making more money than traders of other exchange is in the low transaction fee on Binance exchange. Any exchange with such low trading fee will enjoy same
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Vispilio
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May 06, 2019, 09:16:31 PM |
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I think this analysis needs to be updated. This may have been true for a brief period of time when Binance was the most popular
and liked exchange in most metrics, so people attached a very high credibility to any crypto listed there,
but this has no longer been the case for quite a while now...
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TomArayaSlaya
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May 06, 2019, 10:04:30 PM |
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It depends on the traders and also the volume of the assets in that exchange and since binance is a big and reputable exchange there will ofcourse be large amount of users and they are bound to get more trade than others Good traders will make use of that opportunity for sure
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Ultimist
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May 06, 2019, 10:42:45 PM |
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I don't know what this is about. But maybe it's a low transaction fee. The popularity of this exchange among traders also plays a role. I also like the fact that you can pay BNB for transactions. It's super profitable.
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BlueStackz
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May 07, 2019, 10:37:57 AM |
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Binance for me is the most good exchange platform that i see. So many people like binance because it is the top 1 exchange platform with no fake volume. Because in other exchange lot of is making an fake volume and traders always complaining from it.
Some people are not seeing all these positive side of Binance, all they see is the monopolistic nature of Binance and complaining what is not there, while they are complaining, Binance is busy focusing on making their platform better and how they can add more benefit to their existing customers. I have been using Binance since they got to the market, and not for 1 second have I got any reason to complain abit their service to me, how many complain have I seen in the market about other exchanges? So many of them, now when they say Binance users/traders are making more money, they will start arguing blindly.
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