Binance Becomes Top1 Traded Exchange!

in bitcoin •  7 years ago 

I have been mentioning this one since it has started and showing many tricks on how to use it to make more profits than on other exchanges. Now just after few months being live, it gained top1 spot today!

Of course the older exchange (and my top1 favorite) is fighting and got its place back now but we can see a lot of moving between this two.

This two exchanges are my favorites ones and most of my trades happen on currencies there vs some perfect discount on another's ones (wrote of this many times).

Also when you keep coins on Binance you get all split-forks the fastest we already have there BCX SBTC and today we got ETHs coins called Ethereum Fog - ETF. They are not tradable yet but you have your balances secured.

Remember you dont need any ID verification to regiter and trade there, you just cannot be from China.

And a trick that i have shared in other post but could have been missed.

There is BTC ETH and BNB pairs there for trading.
There is no fees on BNB so if you do your math properly you can buy many things cheaper than on other markets and other exchanges.

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Thanks for the update. I'm currently on Poloniex and there are a lot of alts I'd like to try that they do not support. I will look into Binance.

I wish I'd have known this before I spent all that time trying to get on Poloniex. What a hassle!

Thanks for sharing this great information.

I wonder if bitshares going up helped with that at all.

I had a ton of eth on bittrex and polo, I guess I won't be getting ethfog shit!

Hi kingscrown,
Thanks for sharing

thank you for this nice comparison.. I guess I should give a new exchange a try

Compare it I consider it excellent. @rival

Technically I don't think binance that good, but the hardness of addition of new coins to the old once make them loose their dominance... :(

Yes @davidconstantine
These add currencies think it will make a fuss

I bought coins onThursday night or Friday morning and am up 86%. I liked the exchange because it was quite simple. The only complaint is that you can't order to cryptos and that they have them as pairs trades. Poloniex has the best technical trading tools. Bitrrex has crappy charting, but offer many tokens you can order the cryptos alphabetically .

If only they’d list Steem and/or SBD. Any idea if we could do anything to encourage the addition?

I went to Binance website and put in a ticket to request Steem and SBD. I hope others do that a well to drive the point. I just don't understand why they don't list Steem already.

I'm just using bitshares now, but i know binance has a huge variety of altcoins!

Is Binance also de-centralized like bitshares' Open Ledger exchange?
What is the fee for removing your crypto from Binance, bc on OpenLedger it seems quite high-- like 10-20%

Does anyone know the comparison of volumes on OpenLedger to Binance exchanges?

It seems like the withdrawal fees are the most important aspect of these exchanges.

Binance: do they just ask for email, or nothing, to trade?

Great stuff!!! I didn't realize that that their are no fees when trading BNB. Wow - what a great model. BNB is in a great position to rise.

What are the benefits of holding binance coin? Thanks for the tips!

You can also trade it or hold it just like any other coin. and also use it for reduced fees. Gonne up quite a bit lately

paying the fees

That's insane, Bittrex got some competition coming up, especially being there support is terrible according to a lot of users. They need to upgrade like Coinbase is, otherwise, the problem will just get worse.

Thanks for this post, I was thinking bout whether Binance is good to use. It gets so complicated trying to figure out the relative pros and cons of the different exchanges! Kate

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thank you for sharing this information I was really needed for this information.

Thanks for sharing @kingscrown!!
Atleast we should give a try to new exchanger rather than old once specially after seeing this post :)

Honestly well deserved

I prefer Binance. Very easy setup and quick transactions!

Yes! I am a huge fan of Binance!

Have been trading on the exchange since they began operation.

You can check up my write up on them here: https://steemit.com/cryptocurrency/@bcsaffy/why-binance-has-become-my-favorite-crypto-exchange

If you are not yet signed up for Binance and want a chance to win 5 BNB (Binance coin) then check out my post here about how you can be entered in the giveaway!

BNB GIVEAWAY HERE: https://steemit.com/bitcoin/@bcsaffy/here-is-your-chance-to-win-5-bnb

great.

When you use my Link
https://www.binance.com/?ref=10101260
you will only pay 50% per trade on fees.

Is it better than HitBTC? HitBTC have a massive selection of cryptocurrencies that you can buy. See here: https://hitbtc.com/?ref_id=5a36b7cd81f3b

Bittrex stole my money... So I'm glad I signed up for Binance. So far so good!!!

My main gripe with Binance is that it won't let me set a password that includes any lowercase letters. Their password validation is screwed up.

upvote and following you. Thank you.

Hay good to read your post and also you had suggested a good exchange for trading.

Great share. I love Binance. And BNB has been increasing in value to boot.

I in there also Yobit and Bittrex

This content is more informative and educative about bitcoin.I hope that you will make this types of tranding all the time and now i am learning more valuable things from your post .Thanks for sharing this significance post .I am waiting for your next content .Again thanks friend @kingscrown.....upvoted

Binance is establishing itself as a leading brand in the industry

I like Binance more and more every day, really think its the best exchange right now.

Binance is about a 100 times better than Hitbtc:D

thumbnail_image1.jpg

Why? What have they done? I've heard a lot of bad things happening at Bittrex and Poloneix, but not them yet. lol

Gold grew greatly in value when it was added to the CME 40 years ago. Imagine what #Bitcoin will do. CME is the largest market that has ever existed on the planet Earth

very informative information and thanks for sharing your valuable content in bitcoin..especially thanks for discuss about bitcoin and bloch-chain..cause i gain knowledge to your post in crypto..well done.
upvoted and resteem

very nice to see updates and informations about "Binance". thanks for giving guideline to us. appreciated your work. keep it man.

Nice post @kingscrown Bro, I want Upvote for Christmas bro :) Merry Christmas to you and your family

Already done resteemed my dear friend @kingscrown

thank you, your opinion for many is very important, I will definitely try a new exchange in the near future, the advantages are obvious, the binance is excellent

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I like it, what I notice is EOS volume is looking very good also!
Got to love this crypto mania!!!!

I'm just waiting for them to add RPX, I think you should post your thoughts about Red Pulse token

Binance is one of my trading platform, but it seems when it comes to withdrawing IOTA expect it most of the time suspended

Excellent update. There is BTC ETH and BNB pairs there for trading. upvoted, thanks for sharing the important post

Your information and tricks mean a lot to us. Those exchanges are very good. I am gonna give it a try!!

I didn't realize Binance had that amount of volume, and the no verification is nice. I think I'll be making an account there soon. Do you know what their withdrawl limit is?

I love Binance, it's much more reliable than other exchanges and you don't need to share personnal info.

binance mobile app is killer, yo

I feel like the interface on BIttrex is much cleaner and nicer. that having been said, bittrex is having annoying socket disconnected issues while i type this

Does anyone have a good alternative for the Bitcoin? Or any tips, where to invest?

Boy there is lots to learn!

Good

I have my account in both of them, though I use Bittrex more. Will give a try on Binance. I'd like to ask how they compare to Bitfinex as well.

Finally bit the bullet and opened an account the other day to pick up some EOS. Super impressed, makes Bittrex almost seem clunky at times.

On the ETH fog thing- does that fork start in January? Thats what the site seemed to indicate.

I started with Gemini, what do y'all think of it?

Thank you for sharing your Excellent analytic post about cryptocurrency. it help us.

"There is no fees on BNB"

I don't think this is true, I just traded BNB a few times and there were fees

This post has been voted on from MSP3K courtesy of @kingscrown from the Minnow Support Project ( @minnowsupport ).

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Love Binance, I have been signing its praises for sometime too! Keep up the great steemit posts your majesty.

Nice tips.

any recommendation on a market place to purchase BTC same day?

before I only use bittrex, now I use bitrrex and binance, I like both

My only concern about Binance is that is has been up and running for such a short time compared to the other exchanges. But looking over everything, it does seem to be legit. Definitely think its worth a try.

thanks It is beautiful

Binance, fractions Is there a solution to the problem? I still did not solve :(

I was literally looking at both these market exchanges this morning... But I am really leaning towards Bittrex. As a beginner though Bittrex has me a little confused, so I have been hesitant. The majority of my trades have been happening on Poloniex.

Number of Alt coins must be increased on Binance to have an edge over all other exchanges.

Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following category:

  • Upvotes - Ranked 5 with 633 upvotes

I like binance too but the best exchange today is kucoins. Why they are the best because of their daily bonus. You will only be eligible for their daily bonus once you will purchase their Kucoins or what we called KCS coins. Their daily bonus is not only with the KCS coins but to all altcoins available from the site.. isn't it amazing? Sign up now and experience the power of KCS coins.. here's the link below:

https://www.kucoin.com/#/?r=E3wWag

Grab the opportunity now!!!

I think Binance being so popular has a lot to do with you mentioning it here so many times. It sure is the reason why I heard about it and joined it.

perfect update! thanks for sharing

No wonder after so much trouble that Bittrex and Kraken have been giving to existing and new customers alike for the past month or so.

Binance will be the super power exchange of choice for everyone around the world.. they are very good in marketing and attracting more users too. Did you see their ad on giving away maserati and Mercedez Benz for the trader who trades in Tron?

Thanks for updating great work @kingscrown
If u dont mind please have look on my latest post its about photo contest if u dont mind then