Binance Coin Price & Charts

Loading data ...

Binance Coin News

RSS Reddit

  • Can we get nep5 trading happening ? May 26, 2018
    submitted by /u/tabela111 [link] [comments]
  • What's the maximum amount that can be bought and sold on a single transaction as a day trader? May 26, 2018
    Does anyone know what the limit is when it comes to the amount that can be day traded before selling gets too difficult? Also, are there people out there who buy and sell large sums in the same day on single transactions? 10,000 50,000 100,000? Is that even possible? Thanks all. submitted by /u/TeddyCotswolds [link] […]
  • IOTA Deposit Issue May 26, 2018
    My deposit transaction was confirmed by network more than 2 hours ago, but the deposit is still showing 0 confirmations on deposit history and has not credited to my balance. Contacted customer care twice, but got the same reply that your transaction is processing and patience is required. submitted by /u/vivekmarakana [link] [comments]
  • How to withdraw 1000 MCT from my Binance account? May 26, 2018
    Any ideas? submitted by /u/Eluis1 [link] [comments]
  • New Listing Withdrawals May 25, 2018
    I recently read in a thread here that most new listing withdrawals are enabled one day after listing. I went to see if withdrawals were open for SKY and they are still suspended over 24 hours later and I can't find information on Binance as to when they will be open. Does anyone here happen […]
  • Binance API hack May 25, 2018
    Hello everyone! Wanna tell you about my situation and ask for help. At the end of march my account was hacked and as a result there was hundreds of suspicious trades made, that lead to loosing almost all of my assets. After brief investigation it was clear that trades were made through API key. I […]
  • Binance pc client problems May 25, 2018
    I am on version 1.4.4, can anyone confirm this is the latest version? Sometimes the client freezes for quite some time. unable to put in any new orders, or even type numbers/click to another screen. What also happens alot is that after its been open for some time, the ordersbooks dont get updated or the […]
  • FIX YOUR CLIENT PLEASE. May 25, 2018
    Binance web client is still on the yellow bar connection and is really annoying to use. What is wrong? submitted by /u/cryptomiller [link] [comments]
  • US Justice Department Investigates Price Manipulation in Bitcoin Market - Bitcoin News May 24, 2018
    submitted by /u/Scubagerber [link] [comments]
  • Will Binance support the Sky Coin Hours for Sky coin ? May 24, 2018
    I know that SkyCoin said that once they release the DEX, you'll be able to trade the SkyCoin Hours in their DEX, but what about Binance, will they also support the trading pair for SkyCoin Hours just like they support NEO GAS ? It would be awesome !! Also, on a side note, when do […]

RSS Twitter

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