Download Brave

Binance Coin Price & Charts

Binance Coin News

RSS Reddit

  • Debt with leverage trading? June 4, 2020
    I'm thinking about opening a 125x leverage trade. But had a question before doing so. Let's say I put in 100$ dollar at a 125x leverage, and BTC is trading at 10.000$. This translates into my trade being worth 1.25 BTC. What if BTC falls down to 5000$? Since the price just dropped 5000, will […]
  • Will Matic's Listing on Binance.US Boost Its Price? June 4, 2020
    submitted by /u/CryptoDangerousDave [link] [comments]
  • How Long Can Cardano (ADA) Continue to Climb? June 3, 2020
    submitted by /u/DiggingTech [link] [comments]
  • Limit and stop-limit June 3, 2020
    Can someone explain to a retard what means by stop limit and limit trading? In a simple example thank you submitted by /u/gurkapaprika [link] [comments]
  • Does anyone know if you hold BNB you also get discount in fees for futures trading or it’s just for spot and margin only? June 2, 2020
    submitted by /u/Vulture31 [link] [comments]
  • How to get delisting notices via the API in advance? May 31, 2020
    Every once in while, certain trading pairs or coins are removed or delisted, and usually a notice is posted on the blog one day in advance. Is there a way to get this information via the API at the time of the announcement before the delisting actually happens? I was looking at /exchangeInfo status but […]
  • Account total value from api? May 30, 2020
    Can I get account estimated total value in USDT, from the api? submitted by /u/ooaauud [link] [comments]
  • Get Last Ticker price API-google sheets May 29, 2020
    Hey i have got this in google sheets scripts to fetch the ticker price but it returns 403 error. Does anyone know why or how i can get this working? function getBinancePrice() { //Get Binance API endpoint var url =""; var response = UrlFetchApp.fetch(url); var jsonResponse = JSON.parse(response); Logger.log(response); Logger.log(jsonResponse); // Get latest price Logger.log(; […]
  • Question about Limit Order Price value May 29, 2020
    Hi guys! I'm new to this, so please forgive this pathetic question but what does the value "0.991654€" above the price mean? Thank you, sorry for this noob question submitted by /u/unnamedguy12 [link] [comments]
  • RSS Feed for Binance Blog? May 28, 2020
    Anybody know if there is an RSS feed link for the Binance Blog? I only found one for Binance Academy. submitted by /u/dragonfrugal [link] [comments]

What Is Binance Coin ?

Bianance coin is issued token coin that is used by users on the Shanghai based Binance Exchange, one of the biggest in China. The token which is based on the Ethereum blockchain was created to provide a lasting solution for the high exchange market fees that users usually pay in buying, selling or listing a cryptocurrency on various exchanges. The aim of Binance coin is to become the only coin through which transaction fees are paid and it already has gone into play n the Binance Exchange itself.

At present, users buying or selling on the exchange get massive discounts on their transaction fees on the Binance Exchange for using the Binance Coin. Fees have been skyrocketing for cryptocurrency users as the various blockchains get choked up especially for Bitcoin. This means that whenever a user needs their transaction to go faster they’d have to pay prohibitive fees to miners to get their transactions processed speedily.
With Binance, the average Exchange user can pay a huge part of their transaction fees using the alt coin instead of making a significant dent on their Bitcoin or other cryptocurrency holdings. Binance Coin crucially also eyes the making of the first decentralized cryptocurrency exchange in the very near future, which will be a game changer for the industry once it comes to being.
Team: The Binance team is led by Binance CEO Changpeng Zhao
Practical Uses
The problem that Binance Coin seeks to solve is very real as users on cryptocurrency all over the world have been groaning for long with huge transaction fees that they have to pay at every given step dealing with their exchanges. Whether you are buying, selling or simply transferring your Bitcoin or other cryptocurrencies, there are charges that are unavoidable for the transaction to go through. Binance Coin aims to separate your Bitcoin holdings and the transaction you make with them from the fees you pay. With its concept Binance Coin will cover your exchange fees which will be a massive boost for cryptocurrency users all over the world
The eventual creation of a decentralized cryptocurrency exchange will bring not only ease but a lot of choice for cryptocurrency users all over the world. The present state barriers preventing buyers from certain countries buying from many exchanges will be a thing of the past. Just like the transaction of sending cryptocurrencies is fluid, making the purchase over a stateless decentralized exchange will be a massive development for the industry. A decentralized exchange will ensure there are no downtimes, and threats some exchanges face from their home country authorities will cease to have an effect.

Binance is an issued token and is not mined. The Binance Exchange says it will issue a total of 200 Million Binance Coins to users. It will then go on a buy-back exercise which will eventually see the total number in circulation to be 100 million coins.
Investor Notes
The concept behind the Binance Coin is very solid and the problem it seeks to solve is very real. The cryptocurrency exchanges need to have an easy to use way of settling transaction fees and this makes Binance Coin a potentially huge thing if it gets endorsement from other exchanges. And of course the creation of the first decentralized cryptocurrency exchange will be a massive game changer for the industry.

Twitter: @binance_2017