Binance Exchange

Discussion in 'Digital Currencies' started by andynoidea, Oct 12, 2017.

  1. andynoidea

    andynoidea Member

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    So i am total noob just after smarter peoples thoughts on using Binance to trade
     
  2. southerncross

    southerncross Well-Known Member Silver Stacker

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    Have been using them since they opened, Once you get past the quirks they are all good. Plenty of different pair trades there to be had.
     
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  3. Altima

    Altima Well-Known Member Silver Stacker

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    Up and coming exchange. Nice and clean interface. No complaints from me.

    Other than I'm salty I missed the trades on WTC (still think it's a shitcoin).
     
  4. goldpelican

    goldpelican Administrator Staff Member

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  5. Teh silvers

    Teh silvers Member

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    Been using it for 1 week.

    ETH reciving takes about 10mins to deposit.
    Trading ETH for tokens takes about 30 seconds.
    Withdrawal to my wallet takes about 10 mins.

    Easy and quick.
     
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  6. Silverling

    Silverling Well-Known Member Silver Stacker

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    I am not an expert on this but have been using it today. You can not withdraw anything under 1 full unit of NEO, only full units. That means you could have $40 or $50 sitting on their exchange that you can not transfer. I ended up changing it to BTC and moved it into another crypto and transferred it out. The site seems fast and responsive and every transaction required google 2FA. The security seems tighter than any other website I have used.
     
  7. southerncross

    southerncross Well-Known Member Silver Stacker

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    Neo doesn't do fractions only wholes, lost a few dribs and drabs myself before I realized that.
     
  8. JNS

    JNS Active Member Silver Stacker

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    I love using Binance, learned a lot and thanks to @southerncross, i did your advice and brushed my nose. I sleep well now and everything is good.
     
  9. JNS

    JNS Active Member Silver Stacker

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    I also been noob but almost every body do, i sticked my eyes in advance mode, transferred some funds, bought some BNB and i think i already navigated all. there are a lot of functions and tools which are very cool, i love the buy, sell and limit orders. I can drink with a cup of coffee and do the trade all day long or sleep with ease. Have some fun with it.:)
     
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  10. JNS

    JNS Active Member Silver Stacker

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    Binance coins (BNB) went up to 7.5$ today. Nice if you put some amount last week and traded this time.
     
  11. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    When you say ‘transferred funds’ you mean transferred coins? I opened Binance yesterday and see no bank transfer/cash deposit availability, so I guess for us Aussies need to buy BTC via Coinjar (or other) send to Binance, trade then send back to Coinjar then into bank account?
     
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  12. goldpelican

    goldpelican Administrator Staff Member

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    Yes - Binance is an alt trading site. If you have the option, deposit an alternative to BTC (like ETH or LTC) to skip the current high BTC fees.
     
  13. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I just did it with ETH. Good set of trading pairs for ETH.
     
  14. JNS

    JNS Active Member Silver Stacker

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    Binance is China's cryptocurrency flatform, no fiat involve to get out on the radar of local regulation. Well BTC, ETH, USDT and BNB are the trading fair. Keep few BNB coins and activate BNB pay to have 50% less on trading fees.
     
  15. goldpelican

    goldpelican Administrator Staff Member

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    Binance have also said on Reddit that they're looking at implementing a solution for partial coins below minimum tradable quantities ("dust") - e.g. allowing them to be swept for BNB.
     
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  16. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Thanks guys... :)
    I also opened up coinspot but after reading online reviews and one here I think that I’ll give it a miss
     
    Last edited: Dec 29, 2017
  17. JNS

    JNS Active Member Silver Stacker

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    Now Binance on error page for quite period of time, ----- We’re sorry, but something went wrong.
     
  18. JNS

    JNS Active Member Silver Stacker

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    Finally went back after 30 minutes off
     

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