@cz_binance: RT @Revain_org: ⚡️Today we've added a "Company guide" tab to the @binance page on Revain! This guide covers all useful information about #Binance Exchange including fees, margin #trading, withdrawals, bonuses etc. 🔗Learn more: https://t.co/4J11BBVTmF https://t.co/POMtGHR6hV
Want to learn more about Binance Exchange? Read on!
Digital currency exchange market has a wide variety of choices. It is a hectic task to choose an exchange platform. This article will give you a walkthrough Binance Exchange platform. Also, it explains whether to use it to buy Crypto. Binance is one of the most popular and fast growing exchanges in the cryptocurrency market. Every crypto trader has once heard about this exchange platform. Many users recommend using this trading exchange platform. What is Binance Exchange? Binance is a global cryptocurrency exchange. It provides a platform for trading mover100 cryptocurrencies. The list includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Binance Coin (BNB). Many are still being added regularly. The name "Binance" is made up of a combination of the words binary and finance. Earlier it was termed as crypto-to-crypto trading platform. Binance exchange has gained immense popularity because it is a credible, reliable, secure and growing exchange. The platform provides low transaction fees, high liquidity, and additional discounts if users pay in the native BNB cryptocurrency tokens. Just getting listed on Binance can provide a cryptocurrency with a temporary boost of 80 percent in market value. And being delisted from Binance is a black mark felt throughout the industry. Binance trades in crypto-only exchange,and does not cater to fiat deposits. Binance History Binance is a Chinese company, founded in 2017 by Changpeng Zhao and Yi He. But since there were possibilities of China banning crypto transactions, the company shifted servers to Tokyo, Japan. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. Binance now has offices in China, Japan, Korea, Taiwan, and Malta. Binance also created its native token BNB. TBinanc created bBNB efore ICO and were sold instantly raising $15 million approx. The ICO also gained 20,000 registered users as part of the raise. Binance introduced a Tiered Trading Fee Discount Program on July 21, 2018 that provides a bigger discount based on a user’s BNB coin balance It also launched its own mainnet, called Binance Chain, on April 18, 2019, making it an all-purpose crypto and blockchain company. Binance-X, an initiative for developers was launched in August 2019. This program will assist developers to develop applications on Binance blockchain. As we write, Binance is all set to launch physically settled Futures trading in September 2019. Why Should I Open A Binance Exchange Account? Like any other standard exchange, it offers services around trading, listing, fundraising and delisting or withdrawal of cryptocurrencies. As said earlier, the platform provides low transaction fees with trading support for mover100 currencies. Also, Binance provides a crypto wallet for their traders, where they can store their electronic funds. Binance has their own token currency, Binance Coin. Cryptocurrency enthusiasts willing to launch their own tokens use Binance for raising funds through initial coin offerings (ICO). Binance is used by many traders and participants for exchanging various cryptocurrencies, and for investments in the same. How it works? Binance comes with a Basic and Advanced view of the trading data. This helps novice as well as experienced traders to trade easily in cryptocurrencies. The main difference between the basic and the advanced version is that the advanced one offers detailed technical analysis of digital currency value Binance Account and transactions To trade, users have to complete the necessary KYC requirements. This provides a complete security to other users and gain their trust. After trading account creation, users can add cryptocurrency funds to the public wallet address provided by Binance to start trading. Time for verification may vary depending on the availability of the site support staff. Once account is created, funds need to be added in the wallet. Users can visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency they wish to send, then click the “Deposit” button. Once funds are added to the account, users can start trading - sending, receiving, exchanging cryptos in their Binance account. Binance supports three types of orders: limit, market, and stop limit orders. Limit orders are executed only at the specific price set by the trader, market orders are executed at the best market price, while stop limit orders become valid orders only when the price reaches a specified level. Binance does not charge for fund deposits but withdrawals come with a transaction fee. Trading fee is 0.1% but 25% will be discounted further if traded in BNB tokens. How to access Binance? Binance can be accessed using a web browser and Mobile applications. Applications are available for both Android and iOS platform. Pros and cons Pros
Basic and Advanced exchange views
Support for close to 100 cryptocurrencies
Offers the Binance in-house BNB token for reduced trading fees
Capable of processing 1.4 million transactions per second
Backed by an efficient team with a proven track record in crypto and finance
Low fees on transactions and withdrawals
Bounty and reward programs for the community
Users have complained about the difficulty with the Android mobile app.
Some users have reported delays when withdrawing certain coins from Binance.
Because it’s a new platform, it’s hard to assess its long-term viability.
Binance collects and store some user data, such as logging IP addresses.
Binance trades crypto-to-crypto primarily. While you can buy some crypto with credit card, you can’t cash out through them.
Customer service is slow, although decent.
While simple to use, Binance only trades crypto makes it seem like they designed with experienced users in mind.
How secure is Binance? The exchange does not provide users with enough information on how the funds are being secured, yet officials claim that security is taken seriously. Two-factor authentication and a Google Authenticator are available to verify withdrawals and security modifications. the platform also offers a multi-tier and multi-tier system architecture for better security. On May 7, 2019, Binance revealed that it had been the victim of a “large scale security breach” in which hackers had stolen 7,000 Bitcoin worth around U.S.$ 40 million Binance took instant action and halted further withdrawals and deposits but allowed trading to continue. The site granted all the hacked accounts a VIP status with added benefits. Binance Plans Binance’s white paper includes plans for the rollout of several additional features. While there’s no official timeline listed concerning these features, the vision for Binance eventually includes support for:
Here's Ted Lin addressing the crowd gathered at the #IBCINDIA2018 about @binance's exchange, incubator, launchpad, and Info modules for promoting the use of blockchain and cryptocurrency. Know more here : https://medium.com/@enblocibc/crypto-trading-is-not-just-about-generating-revenue-ted-lin-b1e94
need insight about binance exchange and tron migration
Any idea when binance will resume tron trading? The exchanged happened like 3 days ago and it is still suspended down there in my binance account... The confusing part is that sometimes it says that my balance is like it suppose to be, but other times it says only balance of other cons I have without tron in there... This is really freaking me out. Is this happening just for me and I missed something down the line or it suppose to be like it?
After un-voting EOS Nation, they dropped from rank #1 to #15. Less than 12 hours later, EOS Nation is ranked #2 again. It turns out, the 11 million votes were from Binance (an exchange BP voting with user funds-- the exact situation I'm talking about!!). The cartel continues. My point is being made.
RT @InputOutputHK: ICYMI: Here's @IOHK_Charles' surprise announcement about @coinbase and the Atlas project, from earlier today. And make sure you join our special exchange panel 17:30 UTC today, featuring Coinbase & @binance among others #Cardano2020 @Cardano https://t.co/N3IkMiAq1n
Binance Partners with Coinfirm to Protect the Global Cryptocurrency Economy and Ensure Compliance with FATF AML Rules
Binance Partners with Coinfirm to Protect the Global Cryptocurrency Economy and Ensure Compliance with FATF AML Rules The biggest cryptocurrency exchange platform in the world is building up their AML network. The integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF), according to a press release published on Oct. 3. The new measures set up by the FATF require that cryptocurrency operators establish the identity behind crypto funds senders and recipients, conduct proper due diligence to ensure they are not engaging in illicit activity, and develop risk-based programs, among others. Binance will deploy Coinfirm’s products to assess and analyze AML risk in regards to more than 1,200 digital currencies, tokens and diverse blockchain offered on its trading platform. FATF shakes up the crypto industry As previously reported, crypto market aggregator CoinGecko joined the network of Coinfirm in order to improve its exchange Trust Score algorithm, as well as provide users with a means of reporting scams and hacks. Commenting on the FATF’s intention to strengthen control over cryptocurrency exchanges, Jeff Horowitz, chief compliance officer at American major crypto exchange Coinbase, said: “I get why the FATF wants to do this. But applying bank regulations to this industry could drive more people to conduct person-to-person transactions, which would result in less transparency for law enforcement.” About Binance Exchange Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is one of the fastest cryptocurrency trading platforms in the world. The platform focuses on security, robustness and execution speed—attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com About Coinfirm Coinfirm is a global leader in AML & Risk Analytics for blockchains and cryptocurrencies. With the largest blockchain coverage of over 1200+ cryptocurrencies supported including BTC, ETH, ERC20 tokens, Dash, NEO, Hyperledger, LTC and first in the world integrated XRP, our AML solutions are used by over 140+ global clients ranging from crypto exchanges and protocols to major financial institutions. To get the latest company updates, follow us on Twitter and Linkedin, and like our Facebook page. For more information, visit: https://www.coinfirm.com/. Recently, Coinfirm has developed new features which hugely upgraded their Standard AML Risk Report. Users can now upgrade their Basic AML Risk Reports to the new Standard AML Risk Reports for free, which is very profitable for both: bigger cryptocurrency platforms like Binance and smaller ones like payment processors, or data mining pools. You can view a sample hack-related upgraded Standard AML Risk Report on their blog.
@cz_binance: @scoinaldo @binance I don't know of a crypto exchange that do it like we do on top of my head. We looked into a few in the early days, they all report double-sided. We choose our path, and worried about it much afterwards.
Binance Partners with Coinfirm to Protect the Global Cryptocurrency Economy and Ensure Compliance with FATF AML Rules
Anti-money laundering and counter terrorist financing in EU "The European Commission carries out risk assessment in order to identify and respond to risks affecting the EU internal market. It promotes the adoption of global solutions to respond to these threats at international level. The European Union adopted robust legislation to fight against money laundering and terrorist financing which contributes to those international efforts. The Commission ensures effective application of this legislation by reviewing transposition of EU acquis and working with networks of competent authorities." ~ The European Commission's official statement. The biggest cryptocurrency exchange platform in the world is upbuilding their AML network also in US. The integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF). All global crypto exchanges must now share customer data, FATF Rules. "Working with Confirm ensures us a comprehensive risk framework that balances user protection and user experience while complying with the FATF's AML guidelines. They have a wide blockchain coverage and proprietary algorithms that cover more than 300 risk scenarios in real-time. Nevertheless, we are always evaluating a variety of proposed solutions in the market tackling the FATF Travel Rule (which states all All global crypto exchanges must now share customer data)and we are always on the lookout for high-quality ones." ~ Samuel Lim, Chief Compliance Officer at Binance. AML5 shakes up the crypto industry AML5 facilitates financial companies to offer their services in a unique digital market with 508 million of consumers. Eliminating the barriers to make business in multiple industries and markets, where a high fragmentation used to exist before the implementation of this new legislation. Europe is the second market of the world with 20 trillion of dollars in GDP, ahead of the U.S.A. and closing in the Chinese economy. The main novelty of AML5 is that introduces different sections referring to client identification, the European regulation of trust services 920/2014, commonly known as eIDAS and it delegates in it, and in the trust electronic services. The capacity to identify new clients in any member state. eIDAS was implemented in July of 2016 and counts with an electronic baggage and good practices of solutions for electronic identification and needed framework of technical work for the validation of solutions. As an example, it counts with good practices for the first identification of clients, with three security levels: low, substantial, and high. About Coinfirm Coinfirm is a global leader in AML & Risk Analytics for blockchains and cryptocurrencies. With the largest blockchain coverage of over 1200+ cryptocurrencies supported including BTC, ETH, ERC20 tokens, Dash, NEO, Hyperledger, LTC and first in the world integrated XRP, our AML solutions are used by over 140+ global clients ranging from crypto exchanges and protocols to major financial institutions. To get the latest company updates, follow us on Twitter and Linkedin, and like our Facebook page. For more information, visit: https://www.coinfirm.com/. Recently, Coinfirm has developed new features which hugely upgraded their Standard AML Risk Report. Key features are:
Profile Analysis - Identified profile type, name with a dedicated section on profile analysis with owner details.
Balance & Tokens - Overall crypto balance with current balance in USD value, tokens types and their value.
C-Score analysis - Summary, plus a dedicated analysis section that shows 1 key risk indicator by %
Financial Analysis - Total transactions, input/output and balance analysis in a visual graph format.
Users can now upgrade their Basic AML Risk Reports to the new Standard AML Risk Reports for free, which is very profitable for both: bigger cryptocurrency platforms like Binance and smaller ones like payment processors, or data mining pools. You can view a sample hack-related upgraded Standard AML Risk Report on their blog. About Binance Exchange Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is one of the fastest cryptocurrency trading platforms in the world. The platform focuses on security, robustness and execution speed—attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com
@binance: Clarifications about @CoinMarketCap, by @cz_binance "With the recent update on exchange rankings on CoinMarketCap, there is some confusion about CoinMarketCap and how it relates to #Binance, namely how independent it is." https://t.co/7OYDUFnHoj
@cz_binance: If exchanges try to game web traffic, we are ready adjust the algorithms to include other matrices. We strive to maintain a high standard for data transparency and integrity in our industry. More details about this update at: https://t.co/xhEPni72Nx
According to #Coinness, Co-Founder and CMO of #Binance Yi He notified on its official #WeChat group about the suspected attack. Apart from that, there are no other reports or confirmation of the hacks from the exchange.
@binance: RT @coincrunchin: Interview with Aaron Gong, VP of Binance Futures - @binance Derivatives Exchange. @AG_Binance talks about growth, what makes them different, about writing options, risk management, moving from CME to join @cz_binance and more in exclusive video: https://t.co/XpPi0gpVZh
Binance Chain. The dual-chain architecture of Binance Chain & Binance Smart Chain empowers you to build your own decentralized apps and digital assets on one blockchain, while also taking advantage of the fast trading performance offered on the Binance Decentralized Exchange (DEX). The remaining $4.7 million worth of bitcoin traced by the researchers is currently still being held at various off-exchange addresses, suggesting Binance is the cyber criminals' exchange of choice. Binance.US brings you the trusted technology from the world's leading crypto exchange, Binance. Trade your USD for bitcoin, ethereum, and other cryptocurrencies. View Markets. Start Trading Today. Trade BTC, ETH, XRP and other cryptocurrencies in minutes! Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Binance Smart Chain(BSC) This dual-chain architecture will empower its users to build their decentralized apps and digital assets on one blockchain and take advantage of the fast trading to exchange on the other.
Binance Exchange; Videos; Playlists; Community; Channels; About Home Trending History Get YouTube Premium Get YouTube TV Best of YouTube Music Sports Gaming ... 💥Sign up to Binance and Cut your Fees in Half Here https://www.binance.com/?ref=11093903 MUST WATCH *****UPDATED 2018 VERSION HERE*****... How To Use Binance. In my opinion, I love Binance! I think it's an amazing exchange. I love the setup. They typically have coins before many other exchanges ... Long Form Review: https://www.coinbureau.com/review/binance/ This is Coin Bureau's short form review of Binance, a well known crypto exchange. Binance is o... If you want to buy IOTA or other altcoins, Binance is a Chinese exchange that you should check out. It has a nice interface and I found no problems when usin...