Binance Coin Price & Charts

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  • Funds are now hidden??? December 12, 2019
    So tapped on the wallet button on the app but it says zero risk and none of my coins show up. When I tap the pie chart it lists them submitted by /u/Luffydude [link] [comments]
  • Thanks Binance for Launching Tezos (XTZ) "Zero Fee" Staking December 11, 2019
    ​ I love it, I love it and I want to seriously thank Binance for the Tezos (XTZ) "Zero Fee" staking. They're taking crypto staking to a whole new level. Have you stake Tezos? Top 5 crypto coins to stake in 2020....a nice list. submitted by /u/cryptozink [link] [comments]
  • Binance Futures Question on a Stop Limit & Limit Sel at the same time December 9, 2019
    Quick rookie question - So since you can't place an OCO order in the futures market, I typically will enter a position (assume long for this example), immediately set a Stop Limit order to act as a safety net if it goes sour, and also set a Limit sell order at my target. The question […]
  • Binance API December 8, 2019
    Hi, There is a flint airdrop for matic holders. I have never used anything like it. Is it ok to use.? Dangerous Instructions above. but very cautious. Is there a problem with me doing this? submitted by /u/vee-man [link] [comments]
  • Correct total supply December 8, 2019
    Dear Binance, What is the correct TOTAL supply (i.e. after burns)? I'm seeing 3 different numbers from 3 different sources: Info.binance source says 184,665,938 Coin marketcap says: 187.536.713 Last burn report (nr.9) says: 185,474,825 ​ Most legit seems the 9th report, since counting down from 200mln with all burns also gives me […]
  • Binance API: Get order trades December 7, 2019
    Is there any way to conveniently get trades (fills) for a specific order? Traversing all trades returned by api/v3/myTrades looks a little bit weird. submitted by /u/vemikhaylov [link] [comments]
  • Credit card as a cash advance? December 7, 2019
    I my cash advance limit is 125 bucks but my credit line is 2k i was wonderin if i purchase with a credit card will it charge my card as a cash advance or just a regular charge? Im not tryna get hit with cash advance charges submitted by /u/mrMOMENTS1337 [link] [comments]
  • FinancialFox - Great news for crypto ecosystem in India: Binance acquires WazirX December 7, 2019
    ITS OUT NOW, WATCH THE EXCLUSIVE FinancialFox episode on #IndiaWantsCrypto & Wazirx's acquisition by Binance with host Stefania Barbaglio in conversation with Nischal Shetty CEO WazirX. Binance, one of the world’s biggest cryptocurrency exchanges, has announced its buyout of the exchange WazirX, marking their entry into the Indian market. Binance is a leading cryptocurrency trading […]
  • Binance holding funds hostage for a month December 7, 2019
    I've been using this account for like a year and some and continued to do without having a need to go do kyc as long as I didn't want to withdraw more than 2 btc a day, which I agreed to. Now out of the blue they want my ID to verify it's me. Like […]
  • Leverage trading fees December 5, 2019
    Guys I couldn't find a clear article regarding Binance leverage fees, How much % should i cover to pay the trading fees? Is BNB in play or not? does it matter if I close it using Limit or market? for example, on Bitmex and Bitseven closing a 100x BTC trade under 15% gains will still […]

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