Binance Coin Price & Charts

Binance Coin News

RSS Reddit

  • In queue for CLR, refreshed, am I still in queue? March 19, 2019
    What happens? Where do I see if I bought it? submitted by /u/mothh9 [link] [comments]
  • BNB/BTC near term Support Resistance Zones: Binance Coin watch March 19, 2019
    submitted by /u/dontbanme0001 [link] [comments]
  • Network is unstable, please try again March 18, 2019
    #1340478 ​ first the QR didnt scan for an hour and now this infamous message.. been switching networks and my phone is now on my router autoclicking with 1ms in between them trying to convince the binance team to finish the verification asap ​ submitted by /u/Drakarit [link] [comments]
  • Binance Exhange Full Review March 18, 2019
    submitted by /u/lividmurderface [link] [comments]
  • Celer Network is a leading layer 2 scaling platform that enables fast, easy and secure off-chain transactions for not only ... March 18, 2019
    submitted by /u/syndicator_org [link] [comments]
  • Has binance closed their referral program? March 18, 2019
    Hi guys. I am a livestreamer and I like to use referral codes to the best of my ability to oh-so-slightly increase my income. Today I suddenly received a little bit of bitcoin on my binance account, but I cannot identify where exactly it came from. I did not trade bitcoin or anything else. I […]
    submitted by /u/Marquszar [link] [comments]
  • Price Differences March 17, 2019
    Why is there such a difference between what the BTC price is on the Binance site and what CMC says? For example 3/17/19 @ 0426, says that the price is $4,023.78 on Binance. The exchange site says the price never went above $3,985 after 2100 last night? Did a quick CMC refresh and it […]
  • Binance won't unlock my account. March 17, 2019
    So, the same old post you might have seen a few times before.. I'm fully verified with Binance, passed their KYC when I registered in January 18, however somewhere throughout the year I changed phones and lost 2fa access. I've been trying since October last year to get access to my account yet I keep […]
  • - Bnb Page March 17, 2019
    I just loved the BINANCE COIN page. It has all the price predictions videos posted about BNB, and shows officials tweets, news in one page. They also send important news as push notifications for free. submitted by /u/cryptoticknews [link] [comments]

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