When Will Binance Accept New Users Again
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| Quote: Originally Posted by doodlemagic Yeah I think they are rolling out in California, Missouri, Massachusets and maybe Delaware or some land similar that. It's really tough to get money transmitter licnses so slowly will probably whorl out more than. I think another crypto to fiat commutation is a must accept for the community and I recollect competition is expert as Coinbase has been able to exist lazy, charge loftier fees and offer poor customer service so some competition will force them to step up their game What I think is interesting nearly Robinhood is that for its customers it volition combine their stock/etf/etc holdings with their crypto holdings, so they will be able to sell stock and buy crypto(or the opposite). This will be an advantage over Coinbase. On the other mitt, every bit things move forward and more and more than assets are "tokenized" on a Blockchain like Ethereum, the depth and experience of Coinbase in handling and securing Blockchain tokenized avails volition be in their favor, and maybe provide a path for them to become the leader in this infinite. Coinbase has announced their intention of providing custody service for big institutional customers which as well plays into this futurity for them. I read recently that Coinbase had over $one billion in acquirement last year. In my opinion, everything will rapidly go a token. Stocks, securities, bonds, t-bills, you name it, volition go a token on a Blockchain. |
01-26-2018, 12:26 PM | | |||
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| Quote: Originally Posted by doodlemagic So here on the Investing boards we've seen a big involvement in Bitcoin and Cryptocurrency. When most people kickoff go started into Crypto, they typically commencement using Coinbase and buying Bitcoin, Litecoin, and Ethereum, because those are the only three currencies offered on there. As people become a fleck more than familiar with the space they oft become more interested in trading altcoins. There's thousands of altcoins out at that place, many of which accept improved features over Bitcoin, and besides altcoins is typically where the less risk balky run across more chances of higher gains down the road since BTC, LTC and ETH take already risen so so and then much in value. In the by the large altcoin exchanges were Bittrex, Poloniex, and Kracken. Bittrex has in the past always been my favorite exchange, however more than and more people have been having complaints about being locked out of accounts. Bittrex is removing cryptos like Safex because they may be construed as securities, and while Bittrex's fee of 0.25% per trade isn't ridiculous, it is pretty steep. Enter Binance Where equally Bittrex, Poloniex, CEX and other exchanges charge fees of 0.25%, Binance is only 0.1% and if you hold Binance tokens (BNB) which gives y'all a discount you lot can fifty-fifty merchandise for as low as 0.05%. Binance also has very high withdrawl limits fifty-fifty without verification. You can withdraw up to 2 Bitcoins per mean solar day which at todays prices is equivalent to virtually $30,000 without giving a name, social, ID, etc. Binance also has a wider array of coins than other sites. Recently I became interested in Iota, Ethos, Tron, and other coins and Bittrex doesn't carry those. Considering Binance is based out of Hong Kong versus Bittrex which is based in the USA, they can carry coins which Bittrex may not be able to considering of the SEC and because some coins could be thought to be securities. Lastly because Binance is new they do all types of fun giveaways such as trading contests to win cars, airdrops where free coins get handed out and more. Binance is apace becomming my favorite exchange. Binance is a peachy choice for both new users and more than advanced users equally their trading screens and charts have an pick for basic or advanced. How to Load Funds onto Binance Unlike exchanges similar coinbase and Gemini which allow you to buy coins with fiat money ie The states Dollars and credit cards, debit cards, bank transfers, and wires, most altcoin exchanges only accept Bitcoin. In regards to why, mainly because dealing with Dollars brings on a whole big set of challenges like getting coin transmitter and MSB licenses in each state which can accept years and toll millions. By just dealing in crypto it's much simpler to get a business concern upward and running and there's much less red tape. In order to get funds onto Binance, or Bittrex, or any crypto exchange for that matter you lot first need to purchase Bitcoin, Litecoin or Ethereum on a site like Coinbase. I would suggest getting Litecoin or Ethereum as you can load your Binance account, and the fees volition be MUCH MUCH MUCH cheaper, and the transactions much faster than Bitcoin every bit the Bitcoin network is currently really bogged downward. Once you purchase your Litecoin or Ethereum you'll go into your Binance account and type in the ticker for the currency you bought on Coinbase, for this case nosotros'll say Litecoin so (LTC). Y'all'll then click the tab which says deposit at which point y'all'll be given a Litecoin accost that looks something like this LTavtCDTcQkzeEE9DnS6ZaTwVpzndypLvB You'll then go back to your Coinbase business relationship and click "accounts". Yous'll then click "send" and when prompted for a Litecoin accost you'll put in the Litecoin address you received when clicking "deposit" on Binance. You'll and so select how much you want to send either in USD or LTC price, and click send and inside a few minutes your account will be funded. Y'all tin so bandy your Litecoin for Bitcoin or Ethereum and and then trade all the BTC or ETH pairs to purchase currencies like Iota, NEO, Lisk, ARK, Ripple and others. which coins are you investing for long term? |
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| Quote: Originally Posted by bethmcd which coins are you investing for long term? The space changes and then much I detect myself changing my strategy alot. For example in December at that place was just a lot of impaired money pouring into garbage coins being pumped past John Mcafee, initially I said I was going to stay out of that but the money was just too practiced so jumped in swing traded some stuff and got out. In the past I was scattering a lot of money around basically treating various cryptos every bit large cap, mid cap and small cap stocks, putting more coin into large caps, medium coin into say l-100 market cap coins and then handful a petty coin into some longshots. Recently however I've come to realize that the vast majority of altcoins out now are probably non going to be around in a couple years. I'thou picking a handful of quality projects I believe in longterm and going heavy on those. Information technology is tough because there are and then many promising things out there but here's kind of my shortlist... 1. Bitcoin |
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| Hello doodle, no EOS? Or Ethos, Nuls, Quantstamp, Raiden Network, Wabi, Tenx, Power Ledger, Cardano, Steller, Substratum, IOTA... you're right, at that place are also many. |
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| Look into aXpire (symbol AXP) It's been listed recently, but information technology'due south the blazon of money that is actually working on real problems/pain points for businesses. One of their advisors is Roger Ver, which is known as "Bitcoin Jesus". The marketplace cap right now is very low..equally information technology was recently released and started trading recently when the market place was doing pretty desperately. Wait at their website they have worked with IBM,Coca Cola, Nike and many other big companies. |
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| Also putter, regarding your statement; Don't you find that they all go up and down in tandem, even like percentages - so at this phase it hardlyseems to matter if y'all have the 'best coins' or just 'okay coins'. I wonder if they will outset to differentiate later. So perhaps the higher quality coins such every bit NEO, Dash, Monero will go up further than lower quality coins - or peradventure Dash and Monero take had their run for the most part and won't go up equally much (not because they're not good). For now my 'best' coins go up and downward aforementioned as mediocre one or ones I've never heard of - and same as my more speculative ones such as UKG (I realize they are all speculative!). My guess is that they will differentiate after and the winners will kickoff pulling ahead. I'thousand not seeing that at all yet. Or possibly I'm non noticing that some crap coins are going down downwardly down (?) |
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| Quote: Originally Posted by sparkypeanut Hullo doodle, no EOS? Or Ethos, Nuls, Quantstamp, Raiden Network, Wabi, Tenx, Power Ledger, Cardano, Steller, Substratum, IOTA... yous're right, there are likewise many. Thanks for pointing those out. I actually do concord a good amount of EOS, ETHOS, and Stellar. Moving forward I'm trying to stack a lot more of the cryptos I mentioned in my list. A goal of mine has been to consolidate my portfolio down to fewer coins. I have a hard time keeping upward with all the news of coins because this space moves and so quick and likewise in lodge to merchandise more effectively I like to really know the charts of the coisn I'm messing with and quite honestly xx or thirty coins is only to much for me personally to track and so I'm trying to narrow it down. I already exercise have smaller money scattered across a lot of cryptos, many of which are the ones you mentioned in the list merely Bitcoin, ETH, LTC and NEOS are going to exist the positions I'm going heaviest on, especially NEO since my NEO holdings aren't upward to par with my BTC, LTC and ETH. |
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| Quote: Originally Posted by jm1982 Look into aXpire (symbol AXP) It's been listed recently, but information technology's the type of coin that is actually working on real problems/pain points for businesses. 1 of their advisors is Roger Ver, which is known as "Bitcoin Jesus". The market cap right now is very low..as it was recently released and started trading recently when the marketplace was doing pretty desperately. Look at their website they have worked with IBM,Coca Cola, Nike and many other large companies. Merely on master alone I don't want to be involved with anything Roger Ver is involved with. There's the whole thing from a few years back where he used his admin privileges to access confidential info and so out and reveal someoen's personal info on the internet over a $fifty dispute he had with someone. You tin read almost it here... https://www.reddit.com/r/Bitcoin/com...ve_privileges/ The actual Bitcoin Talk forum. Roger Ver is "Memory Dealers" at the top of the thread... https://bitcointalk.org/index.php?to...056#msg1409056 I'm non saying he's a bright guy or that he hasn't contributed to the crypto infinite just he's a loose canon and I would never trust anyone who did something like the in a higher place. |
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| Quote: Originally Posted by doodlemagic Just on principal alone I don't want to be involved with anything Roger Ver is involved with. There's the whole thing from a few years back where he used his admin privileges to access confidential info and then out and reveal someoen's personal info on the internet over a $l dispute he had with someone. You lot tin can read well-nigh it here... https://www.reddit.com/r/Bitcoin/com...ve_privileges/ The actual Bitcoin Talk forum. Roger Ver is "Memory Dealers" at the top of the thread... https://bitcointalk.org/alphabetize.php?to...056#msg1409056 I'm non proverb he's a bright guy or that he hasn't contributed to the crypto space but he'southward a loose catechism and I would never trust anyone who did something like the above. Do you remember when he said if only Andreas Antonopolus had been smart enough to invest in BTC rather than studying it for years he'd exist rich already. |
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| Quote: Originally Posted past doodlemagic Cheers for pointing those out. I actually exercise concord a good amount of EOS, ETHOS, and Stellar. Moving frontward I'one thousand trying to stack a lot more than of the cryptos I mentioned in my list. A goal of mine has been to consolidate my portfolio down to fewer coins. I take a hard time keeping upwards with all the news of coins because this space moves then quick and also in order to trade more effectively I like to really know the charts of the coisn I'yard messing with and quite honestly 20 or thirty coins is but to much for me personally to rails so I'g trying to narrow it down. I already do have smaller coin scattered across a lot of cryptos, many of which are the ones you mentioned in the listing merely Bitcoin, ETH, LTC and NEOS are going to exist the positions I'm going heaviest on, peculiarly NEO since my NEO holdings aren't upward to par with my BTC, LTC and ETH. I as well accept OMG (and some others). I got OMG early on. Y'all're right that I besides have as well many to follow. I'yard just leery of selling because as soon as I sell they will go up. I had some smaller amounts in LINK and GTO and sold - every bit yous say to consolidate and put funds towards NEO (I did this also - got my first lot of NEO at $28 though) & others - and I had to laugh considering correct afterwards both LINK and GTO went up - GTO went up 50% or something like that - this was just this weekend. |
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