Binance Coin Price & Charts



Binance Coin News

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  • Futures: When OCO orders will be available? January 26, 2020
    submitted by /u/RevertCommit [link] [comments]
    /u/RevertCommit
  • Sending eth from other exchange to binance question January 25, 2020
    Hey there, I have bought some eth and want to send it to binance now, but I am a bit confused to which wallet I have to send it, the BEP2 wallet or the erc20 wallet? The bep2 wallet looked unfamiliar to me and not like a eth wallet adress. I dont want to mess […]
    /u/Pheeewpheeew
  • Binance launched competition among traders from Ukraine and Russia who are currently at war. Wrong! January 21, 2020
    I am from Ukraine and I received an invitation to a trader's competition among traders from Ukraine, Russia and "other soviet countries". Dear Binance Team, if you don't know Ukraine is currently at war with Russia who occupied its territory. Every day people are being killed or injured. Any event like that is an insult […]
    /u/Anna_007
  • Binance Withdrawal January 19, 2020
    Does Binance support withdrawal to Paypal or Credit Card? submitted by /u/Bassat_2001 [link] [comments]
    /u/Bassat_2001
  • Is the future's "Liquidation Price" calculator broken? January 18, 2020
    Shouldn't the liquidation price change based on the selected leverage? I mean, how come 5x liquidation price be the same as 125x? submitted by /u/RevertCommit [link] [comments]
    /u/RevertCommit
  • BINANCE REVIEW January 18, 2020
    submitted by /u/LitesLiger [link] [comments]
    /u/LitesLiger
  • Easiest way to get Binance EUR to my bank account? January 17, 2020
    I've been trying to get my money out from Binance lately. I'm verified and everything is fine. I've looked at AdvCash, but they seem to take 6$+2% in fees (not to mention their site looks dodgy). The same goes for Perfect Money. I'm from Europe. Can I potentially get it to my paypal? submitted by […]
    /u/TquilaOnFire
  • Can someone ELI5 on how binance perpetual contract works? January 17, 2020
    I've went through perpetual guide on bitmex but could not understand they do. Here (https://www.binance.vision/economics/what-are-perpetual-futures-contracts), binance has a nice explanation of what perpetual futures contracts are. But I'm still confused, especially this part: ​ The funding rate is based on two components: the interest rate and the premium. On Binance futures market, the interest rate […]
    /u/KoreanBoyscout
  • Margin Borrow Amount January 16, 2020
    Did Binance just change the max borrow amount on 5x margin to only 1BTC? I remember being able to borrow a lot more. submitted by /u/sittingducks12 [link] [comments]
    /u/sittingducks12
  • New login page/address? January 16, 2020
    I noticed that the login page url is now accounts.binance.com. Is that safe? It still says to check for https://www.binance.com. submitted by /u/mathrio [link] [comments]
    /u/mathrio

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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.

Mining
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.

Website: https://www.binance.com/
Reddit: https://www.reddit.com/r/binance/
Twitter: @binance_2017