Brave and Binance Partner to Bring Crypto Trading Directly Into the Browser

[Yaunfitda]

According to a Binance blog post,

Brave and Binance Partner to Bring Cryptocurrency Trading Directly Into the Browser

San Francisco - March 24, 2020 -  Brave Software, makers of the innovative Brave browser which combines privacy with a blockchain-based digital advertising platform, and Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users, today announced a partnership that enables Brave browser users to seamlessly trade cryptocurrency assets through Binance.

https://www.binance.com/en/blog/421499824684900475/Brave-and-Binance-Partner-to-Bring-Cryptocurrency-Trading--Directly-Into-the-Browser-


Is this promising or what? CZ bringing crypto trading closer to people again. What do you think will be impact to BAT token itself?

[AB de Royse777]

Is this promising or what? CZ bringing crypto trading closer to people again. What do you think will be impact to BAT token itself?

I am not a regular trader but it seems a good move but now there are chances for those scammers who creates fake extensions and try to scam others. They will surely take their chances and possibly a lot of innocent users will lose their hard earned money.

[joniboini]

I am not a regular trader but it seems a good move but now there are chances for those scammers who creates fake extensions and try to scam others.

They'll probably register is as a built-in extension to prevent people from downloading unnecessary apps.

Let's hope there is no bug somewhere so it doesn't leak user' API key.

[target]

Binance would partner with any project as long as they can also benefit. Brave browser users are increasing due to BAT rewards and binance can also verify the KYC because brave had also been collecting data as well.

It might be too early to say binance will partner with more browser projects if they pitch it with CZ, Osiris browser team has the good opportunity if they weren't just into anonymity.

[SFR10]

Is this promising or what? CZ bringing crypto trading closer to people again.

It's a promising/smart move from Binance. From the blog post, it appears users can buy/sell, view balances and get deposit addresses but they're not allowed to withdraw anything ^{[in other words, more added traffic for binance in the long run]}.

What do you think will be impact to BAT token itself?

I'm not a brave user but checked their "website" and it says in the future they'll allow users to directly withdraw their BAT instead of supporting the creators so until that's implemented, I don't think this partnership will have a significant impact on BAT.

[hugeblack]

Since Brave asked for identity verification from users, I started taking steps back, this browser wants to integrate some basic features and make them features just as he did with adding a built-in wallet.
So I think it will be related to Binance Dex "if you don't want to perform identity verification" or basic trading features if you want to verify identity.

[o_e_l_e_o]

I'm very disappointed in this development. Brave becomes less and less about privacy, and more and more about profit, as time goes on.

So Binance have essentially paid Brave to have their widget embedded in the browser itself, meaning users will be unable to remove it. Why would I want software from a company I don't use and don't trust embedded in my browser without my consent, or even without the ability to disable/uninstall/remove it?

This is a bad precedent to set. Pay us enough money, and you can put your software in our browser with no ability to remove it for all our customers, and there is nothing they can do about it. Who will be next to pay up to embed their software in to my browser? Coinbase? Fuck that.

[SFR10]

Just wondering what now happens to brave browser users from countries like the US whose regulation are tough and restrict trading in some crypto assets.

For US-based users, they have the option of "accessing Binance.US through the widget" itself.

So Binance have essentially paid Brave to have their widget embedded in the browser itself, meaning users will be unable to remove it. Why would I want software from a company I don't use and don't trust embedded in my browser without my consent, or even without the ability to disable/uninstall/remove it?

Based on their blog post, "users have the ability to turn it off".
^{- I do agree with the other parts of your post.}

[o_e_l_e_o]

Based on their blog post, "users have the ability to turn it off".

But it's enabled by default. And how to we know if we turn it off it won't still be transmitting data to Binance?

In Windows 10, you can disable Cortana, disable its service, even turn it off using registry keys, and it still phones home to Microsoft constantly.
Even if you have specifically turned off location tracking, history, services, suggestions, etc. on your phone, Google still tracks your location.
Even if you are logged out of Facebook, or don't even own a Facebook account, Facebook trackers are still monitoring all your online activity.

Corporations can't be trusted. I am not going to use a browser which comes embedded with software I do not want, do not trust, and can not remove.

[logfiles]

I'm very disappointed in this development. Brave becomes less and less about privacy, and more and more about profit, as time goes on.

Very true. Sometimes too much greed can be very catastrophic and i have been following binance for sometime, and they are literary buying off promising projects such a Trust wallet, 3commas trading bot etc.

I don't know why CZ thinks that he can own everything. The already have Binance trading apps on almost all platforms. Now why the hell do they need to buy a full browser 

[malevolent]

Binance would partner with any project as long as they can also benefit. Brave browser users are increasing due to BAT rewards and binance can also verify the KYC because brave had also been collecting data as well.

It might be too early to say binance will partner with more browser projects if they pitch it with CZ, Osiris browser team has the good opportunity if they weren't just into anonymity.

I don't know why CZ thinks that he can own everything. The already have Binance trading apps on almost all platforms. Now why the hell do they need to buy a full browser 

This could be related to Binance's last month announcement: Binance Joins Shyft Network to Launch Global FATF Travel Rule Solution.

Additionally, I'm sure Brave will be getting a good amount of money per install or from referral fees (or a % of money earned by Binance from fees). Maybe even more than they're making now (how much was it?).

[Potato Chips]

Also, I'm worried that lot's of built-in's could slow down its performance, especially to those with low end hardware. There were already cases of users experiencing high disk/cpu usage, which was fixed by disabling bat services.

[coupable]

Smart move from Binance, great opportunity for brave browser. This is what i can see about a company create new ways for its growth.
I have always the conviction that trade as a source of income is the option of dumbs who can't produce anything useful in their lives, another copy of gamblers. An activity that has no productivity, should generates nothing, unless you find a way to get money from others because they bet wrong, it's the case with trade and gambling. I don't encourage developpement in exchange businesses. I think brave browser deserves better than facilitating for people trade shitcoins ends up with losing their money.

[malevolent]

I have always the conviction that trade as a source of income is the option of dumbs who can't produce anything useful in their lives, another copy of gamblers. An activity that has no productivity, should generates nothing, unless you find a way to get money from others because they bet wrong, it's the case with trade and gambling.

The more traders there are, the more liquid a market is, allowing others to make larger buys or sells without moving the market too much, so they aren't entirely useless.

[notblox1]

It is really good news to see Binance listed on Brave browser.
I had doubt about success of this browser, but it proved me wrong so far.
After using Firefox it is my browser of choice and I can't wait to test Binance exchange directly from my Brave.

[notblox1]

It is really good news to see Binance listed on Brave browser.
I had doubt about success of this browser, but it proved me wrong so far.
After using Firefox it is my browser of choice and I can't wait to test Binance exchange directly from my Brave.

[o_e_l_e_o]

Now why the hell do they need to buy a full browser

Advertising. Now everyone who uses Brave is going to be subjected to a big Binance banner every single time they open a new tab.

I think brave browser deserves better than facilitating for people trade shitcoins ends up with losing their money.

Brave browser started off as such a great idea, and has just become more and more awful as time goes on. Claiming to be anti-tracking, but allowing trackers from Facebook and Twitter to follow you all over the web. Claiming to be pro-privacy, but enforcing KYC requirements from a third party. Claiming to be anti-advertising, and then slap a Binance ad on every new tab for every user. It's clear that desire for more profit has now taken over as the driving force behind Brave.

[buwaytress]

Brave browser started off as such a great idea, and has just become more and more awful as time goes on. Claiming to be anti-tracking, but allowing trackers from Facebook and Twitter to follow you all over the web. Claiming to be pro-privacy, but enforcing KYC requirements from a third party. Claiming to be anti-advertising, and then slap a Binance ad on every new tab for every user. It's clear that desire for more profit has now taken over as the driving force behind Brave.

Strangely, I actually haven't seen the big binance banner yet when opening a new tab but I have seen it a couple of times in the Brave pop up that comes every now and then. Gotta say my Brave usage is dropping day by day though.

I think after initially liking Brave, I've now returned to Chrome, and I have to say between the two, because of the way I use browsers with all kinds of Google-linked stuff to it, I think I'm not going back to Brave.

I never did trust its claims about privacy and all that, and to be fair, it is probably still better than most alternatives, but I guess we shouldn't be surprised.

[o_e_l_e_o]

Strangely, I actually haven't seen the big binance banner yet when opening a new tab but I have seen it a couple of times in the Brave pop up that comes every now and then.

What pop up is this? Are you saying Brave browsers is now serving its users with pop up ads?

I never did trust its claims about privacy and all that, and to be fair, it is probably still better than most alternatives, but I guess we shouldn't be surprised.

If privacy is what you are interested in, you should realize that Chrome is the worst of the worst. Particularly if you are browsing while logged in to your Google account and have used that Google account to log in to a bunch of other stuff too. As much as I dislike the way Brave is going, if I could only choose between it and Chrome, I would choose Brave every day of the week.

[buwaytress]

Strangely, I actually haven't seen the big binance banner yet when opening a new tab but I have seen it a couple of times in the Brave pop up that comes every now and then.

What pop up is this? Are you saying Brave browsers is now serving its users with pop up ads?

I never did trust its claims about privacy and all that, and to be fair, it is probably still better than most alternatives, but I guess we shouldn't be surprised.

If privacy is what you are interested in, you should realize that Chrome is the worst of the worst. Particularly if you are browsing while logged in to your Google account and have used that Google account to log in to a bunch of other stuff too. As much as I dislike the way Brave is going, if I could only choose between it and Chrome, I would choose Brave every day of the week.

Yeah, the way I get my ads from Brave is a small pop up on the bottom right, if you click on it the ad opens in a new tab and you get BAT. So that's the only way I've seen Binance ads.

Oh don't worry I know Chrome is evil like that -- I have a specific Google account just for that, with a wrong IP and wrong details and even wrong language. Can be really curious to see the different ads and results it shows you depending on where it thinks you are and who it thinks you are.

I honestly don't care what browsers or any software claims. I simply don't trust anything and take what they say at face value. As I said though, the way I use browsers for work with a lot of extensions and clients all on Google, Chrome simply works better at the moment. Brave is perfect for casual browsing though!