Binance anyone?

Apr 01, 2018 at 05:56
2,416 Views
22 Replies
Member Since Apr 19, 2015   38 posts
Apr 01, 2018 at 05:56
anyone trading in binance?

Please share your tips on how to trade on binance.
Member Since Apr 18, 2017   718 posts
Apr 08, 2018 at 06:42
No idea about this trading instrument! Is this any exotic pair or commodities?
Member Since Dec 11, 2015   1487 posts
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.
Member Since Feb 02, 2017   32 posts
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?
Member Since Jun 17, 2018   10 posts
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
Member Since Oct 12, 2016   855 posts
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.
Artificial General Intelligence
Member Since Aug 27, 2017   994 posts
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.
Member Since Apr 18, 2017   920 posts
Apr 30, 2019 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.
Member Since Aug 27, 2017   994 posts
Jun 29, 2019 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.
Member Since Jul 26, 2019   1 posts
Jul 26, 2019 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
Member Since Feb 22, 2011   4862 posts
Jul 26, 2019 at 08:33
Binance is one of my favourites exchanges
Moreover its own coin BNB is doing great
Member Since Jul 25, 2019   5 posts
Jul 26, 2019 at 17:15
Fully agree with you, it is more difficult to learn trading on crypto-exchanges than trading cryptocurrencies with a CFD broker (like any of these https://www.thatsucks.com/crypto-brokers/). If you would like to trade Bitcoin or Ethereum or any other of the major cryptocurrencies I will recommend doing it through a CFD broker, where you can use platforms like metatrader, which we all know. For me it was very difficult to learn Binance and especially Bittrex that's why unless you want to trade one of the small and not so popular crypto-assets than better don't go for these platforms.
Member Since Apr 18, 2017   920 posts
Jul 28, 2019 at 09:38
I recently opened an account in this exchange and keep counting few cents of BTC! It’s the number one crypto exchange!
Member Since Aug 27, 2017   994 posts
Jul 29, 2019 at 05:37
AniLorak posted:
I recently opened an account in this exchange and keep counting few cents of BTC! It’s the number one crypto exchange!

Are you investing on BTC or trading in there? As I see, nowadays a number of Forex brokers are offering crypto pairs too!
Member Since Apr 18, 2017   920 posts
Sep 29, 2019 at 16:12
Adribaasmet posted:
AniLorak posted:
I recently opened an account in this exchange and keep counting few cents of BTC! It’s the number one crypto exchange!

Are you investing on BTC or trading in there? As I see, nowadays a number of Forex brokers are offering crypto pairs too!

No; even I sold that amount; it was a tiny little amount; just for testing!
Member Since Nov 30, 2019   5 posts
Nov 30, 2019 at 04:33
I don’t even want to play the binary ... This is worse than a casino and can be drained faster money ... Why do I think so? Because I have a sad experience.
Member Since Apr 18, 2017   718 posts
Nov 30, 2019 at 06:29
KaneRenny posted:
I don’t even want to play the binary ... This is worse than a casino and can be drained faster money ... Why do I think so? Because I have a sad experience..

Hello, it’s not an option trading broker; binance is a top loading crypto currency exchange!
Member Since Mar 10, 2019   57 posts
Nov 30, 2019 at 09:05
Binance is excellent. I am more than 3 years with them and the exchange was faultless.Hope they keep the level up. Highly recommended.
every beautiful garden has a strong hedge around
Member Since Aug 27, 2017   994 posts
Dec 01, 2019 at 14:27
tacet posted:
Binance is excellent. I am more than 3 years with them and the exchange was faultless.Hope they keep the level up. Highly recommended.

Are you a crypto trader or investor on crypto industry?
Member Since Mar 10, 2019   57 posts
Dec 01, 2019 at 16:01
Adribaasmet posted:
tacet posted:
Binance is excellent. I am more than 3 years with them and the exchange was faultless.Hope they keep the level up. Highly recommended.

Are you a crypto trader or investor on crypto industry?

markets & trading is my passion 😎
every beautiful garden has a strong hedge around
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