Der Binance Coin (BNB) wurde von der Exchange Binance zu ihrer ICO ausgegeben. Insgesamt wurden Millionen Token erzeugt. Binance Coin kann unter. Binance ist eine Kryptobörse auf denen Kryptowährungen gegen Kryptowährungen gehandelt werden können. Binance wurde Mitte veröffentlicht und hat. Sie haben Interesse, den Binance Coin zu kaufen? Wir zeigen, das dies auch ohne den vorherigen Besitz von Kryptowährungen einfach möglich ist. Hier mehr!.
Instead, the exchange matches you with another user who is willing to buy your asset at the price your asking.
This order matching creates a bottleneck for many cryptocurrency exchanges. If you have more trade requests than your matching software can handle, orders will be delayed.
With the popularity of Bitcoin and altcoins right now, users are submitting millions of trade requests per minute on the most popular exchanges.
Delayed trades might be the difference between capitalizing on an investment opportunity and missing it. This makes their trading platform one of the fastest available on the market.
As such, many crypto investors have flocked to Binance for its processing speed. The other critical component of an exchange is liquidity.
Liquidity is the amount and frequency with which assets move around the exchange. In order to quickly find a match and complete an order at a competitive price, there needs to be a lot of activity on the orderbook.
An exchange with a quiet orderbook is not a good place to invest your money. However, Binance has the busiest orderbook in the world, making it a safe, competitive market for transactions.
Binance has high liquidity in many different assets, not just Bitcoin and other top coins. Bitcoin is by far the most-traded asset on Binance but altcoins also feature decent volume.
The altcoin advantage is a virtuous cycle for Binance, and new coins often choose to list with Binance over competing exchanges.
This includes many coins from Asia that may not be available from Western-based exchanges. Once you do, registration and setup are fairly easy, as is funding your Binance account.
Binance has done a great job building an intuitive user interface without sacrificing the charts, graphs, and other information you need to make informed investment decisions.
The user interface is available online and also as a mobile app for iOS and Android. Binance also charges withdrawal fees for moving assets out of your account into private wallets.
The withdrawal fees vary by the coin, but they are flat fees, not percentage-based. Along with the launch of the exchange, Binance launched an ICO.
The total supply is limited to million BNB , after which no more coins will be created. You can use BNB to pay your fees on the Binance exchange.
With every subsequent year of membership, the fee discount decreases. By your fifth year using Binance, there is no longer a fee discount for paying in BNB.
Since the fee rebate decreases every year, the value of the BNB token is also expected to decrease over time.
To combat this depreciation, Binance also destroys BNB tokens over time, reducing the total supply of BNB from million to million.
Contracting the money supply in this way should counteract the effects of the decreasing discount. The goal being a stable price for BNB coins over time.
Binance is promoting the adoption of the BNB token in the hopes that it will drive customer loyalty. The rebate, of course, is a nice perk for lowering trading fees.
But even after the rebate decreases, users are still likely to own leftover BNB that they might as well continue to use.
The more its adoption grows, the more valuable and useful it becomes. This makes BNB unique among most new coins since it already has a practical use case.
If Binance sees continued success on its current level, it will certainly implement more features and programs. These new capabilities and add-ons will all likely use the BNB coin.
There are likely to be many more. Binance is a Chinese company, originally started in Shanghai and now based in Malta. As already mentioned, only cryptocurrency pairs can be traded on the platform.
It is striking that many cryptocurrencies from Asia are traded. This is obvious, because the platform is headquartered in China. Users of the platform can vote on which coin can be traded that month without transaction fees.
You can read a full Binance review here. Technical data about the Binance platform is still unknown. The Binance platform trades exclusively with cryptocurrency pairs, whereby users of the platform can register and trade cryptocurrencies independently.
The website also offers the possibility to hold ICOs. Each transaction costs a small fee, which can be paid in BNB. Since the platform is active in China, the website can be translated into several languages, transactions from abroad can take a while.
You can buy it directly for fiat on Binance exchange. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there — as it is by far the safest and best regulated bitcoin exchange.
Coinbase is legit and safe cryptocurrency exchange. You can always exchange your coins on Changelly see our review of Changelly here , instantly and directly to BTC.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet — our recommendation is just go and buy Ledger Nano S , it is the safest option.
None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.
This is a buy and hold for sure. Great management and innovative technology. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.
Rene Peters November 28, 1 comment. Coin Guides Read more about other interesting coins we wrote about. How to buy it? Where to store it? Kimmley December 10, at 3: Leave a reply Cancel reply.
Captain Altcoin is made up of investors and digital currency enthusiasts. What do We Want?