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Binance anyone?
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Arcforex

Member Since Apr 19, 2015  38 posts Arcforex Apr 01 2018 at 05:56
anyone trading in binance?

Please share your tips on how to trade on binance.

AmDiab

Member Since Apr 18, 2017  590 posts AmDiab Apr 08 2018 at 06:42
No idea about this trading instrument! Is this any exotic pair or commodities?

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Apr 13 2018 at 18:46
If you wish to trade with Binance you need to keep several things in mind: the company is based in China, which means there may be issues with regulation, it’s very new and it does not accept fiat currencies. (https://www.forexbrokerz.com/brokers/binance-review) That means you already need to own cryptocurrencies to trade there.

ema123

Member Since Feb 02, 2017  32 posts ema123 Jun 15 2018 at 09:17
Arcforex posted:
anyone trading in binance?

Please share your tips on how to trade on binance.


Binance is only a crypto to crypto exchange. They do not support fiat currencies.
Do you want to trade just cryptocurrencies? or fiat too?

Mackiveki

Member Since Jun 17, 2018  8 posts Mackiveki Jun 17 2018 at 14:23
never heard of Binance before. The whole Chinese thing is a red flag for me. I need more regulation

leo23

Member Since Oct 12, 2016  491 posts leo23 Jun 17 2018 at 15:36 (edited Jun 17 2018 at 15:38 )
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.

Adribaasmet

Member Since Aug 27, 2017  739 posts Adribaasmet Jul 22 2018 at 07:25
leo23 posted:
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.


Thanks leo; for adding informative words. Now I am going to check their features & facilities.

AniLorak

Member Since Apr 18, 2017  813 posts AniLorak Apr 30 at 18:11
leo23 posted:
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.


But till now I think; Forex brokers are much better option than the crypto exchanges! Since, Forex brokers are regulated.

Adribaasmet

Member Since Aug 27, 2017  739 posts Adribaasmet Jun 29 at 08:10
Recently; I am holding few Altcoin’s in binance with a long term view! As I see; AltCoins are not available on Forex brokers chart.

AJayTrade

Member Since Jul 26, 2019  1 posts AJayTrade Jul 26 at 04:32
AniLorak posted:
leo23 posted:
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.


But till now I think; Forex brokers are much better option than the crypto exchanges! Since, Forex brokers are regulated.


Agreed, it is much safer - and not nearly as risky, plus can make money on either direction... crypto cfd's through a regulated forex broker is best way to go. Here are a list on forex brokers offering cryptocurrency cfd's - https://www.forexchurch.com/cryptocurrency-forex-brokers

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