Binance.cm Mt Trading Binance.
Since the collapse of FTX, once the second-largest exchange by trading volume, the crypto landscape has fundamentally changed, and it should come as no surprise to many that Binance has emerged as the big winner from the situation. Vetle Lunde, senior analyst at Arcane Research has published a detailed analysis of this.
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As the Arcane Research analyst notes, Binance captures 92% of the Bitcoin spot volume. Remarkably, the exchange occupied only 42% of BTC spot volume in January 2022. After the exchange removed trading fees on its BTC spot pairs this summer, the growth exploded.
Binance is the largest and most popular crypto exchange in the world by a significant margin, created with the goal of providing traders with a cryptocurrency trading interface that is fast, simple, robust, and intuitive. Many would agree that it has succeeded and delivers very well on what it promises.
Given the success of the ICO, it might come as no surprise that the exchange itself has been just as successful. Ever since its launch, it has become the largest global crypto exchange in terms of trading volume. It achieved this in just six months after its launch, which is quite an impressive feat, and over five years later it remains at the top, thanks to its low trading fees, ease of use, robust ability to handle massive transaction volumes, and its global approach to its business (the platform is available in over two dozen languages).
They were able to do so because in July 2018, they opened a Secure Asset Fund for Users (SAFU). 10% of all the trading revenue generated gets deposited to this account, and it is used to cover any losses from hacking attempts.
One of the most popular features of Binance that have attracted so many traders is the wide variety of coins they support. There are currently over 600 coins supported and nearly 1,000 trading pairs. So, not only can you trade BTC and other cryptocurrencies against the USD, you can also trade it against the Euro, the British Pound, Tether, BNB, and more.
Finally, there is a link to the Binance peer-to-peer trading platform, where you are able to make deals directly with other Binance users to exchange cryptocurrencies and pay using your bank account or a number of online e-wallet services. There are nearly 200 different payment options to choose from when using Binance P2P.
Not content with spot and over-the-counter trading? Then Binance has derivatives for you. The Binance futures markets allows traders to access cryptocurrencies in an extremely sophisticated manner. Traders can choose from perpetual contracts that never expire on dozens of coins and tokens.
Note that when actually trading at Binance everything will be priced in the respective base currency (e.g. Bitcoin), but for this example, I am using USD to show the reality of the risks more clearly and concretely.
Derivative trading is a sophisticated and advanced trading technique. While the notion of multiplying your gains by 125x may sound very attractive, it is balanced by the risk of potentially losing everything in your account if a trade goes against you.
Unlike margin trading, leveraged tokens allow you to gain exposure to leveraged positions without having to put up any collateral, maintain a maintenance margin level, or worry about the risk of liquidation.
Besides trading on the web-based app, you can also download a mobile version of the app for either Android or iOS operating systems. There are a number of benefits to using the mobile version of Binance, along with a few disadvantages:
In addition to the mobile app, there are also desktop versions of the Binance platform available for Windows, macOS, and Linux. This downloadable app gives you all the power of Binance trading in a standalone app.
The primary function of the BNB token is not speculation (although many use it for that). Instead, it is meant to be used to pay for and reduce trading fees. It will also feature heavily in future plans to create a Binance DAO, where it will be used in the governance of the DAO.
In addition to providing trading and exchange services, Binance has also expanded to offer decentralized finance products. These include staking, savings, farming, and other financial services tied to the Binance ecosystem and/or the Binance Chain blockchain.
Binance Earn is similar to savings on the blockchain, and there is no relationship between this product and trading. Instead, it includes savings products that fall under flexible ARY, fixed APY, and high-risk products. Basically, these products pay out an interest rate similar to a savings account, or the dividends you might receive from owning certain stocks. Among all the major crypto exchanges, Binance offers the most robust Earn section with an impressive variety of options to choose from.
Serious trading is about timing. Networks can be unstable and unreliable,which can lead to requests taking varying amounts of time to reach theservers. With recvWindow, you can specify that the request must beprocessed within a certain number of milliseconds or be rejected by theserver.
The Binance Portfolio Margin Program is a cross-asset margin program supporting consolidated margin balance across trading products with over 200+ effective crypto collaterals. It is designed for professional traders, market makers, and institutional users looking to actively trade & hedge cross-asset and optimize risk-management in a consolidated setup.
Binance has positioned itself as a leader among cryptocurrency trading platforms around the globe, with the aim of making it easy for both beginners and experts to trade crypto while also enjoying competitive rates.
Like any trading platform, Binance charges fees for certain trades and services. Understanding the Binance platform and its fee structure helps you keep costs down so more of your investment goes into your wallet. Keep reading to learn more.
Binance charges a 0.10% fee for trading on the platform as well as a 0.50% fee for Instant Buy/Sell, so your actual fee amount will depend on the amount of the trade. The higher the transaction, the higher the fee.
Before you begin your withdrawal, check the rates on the coin you plan to request. For example, if the type of asset you were about to request has a high fee, consider trading and converting to bitcoin or ethereum first. You can also choose a less expensive crypto.
When looking at the year-to-date trading volume on the biggest crypto exchanges as aggregated by analysts at The Block, FTX ranks fourth behind Coinbase and OKX. No single exchange even comes close to Binance's trade volume though, with transactions amounting to $4.6 trillion between January and November 11. Its market leader position allowed Binance to be one of the first companies offering to bail out FTX, but the deal fell through as quickly as it was announced. "As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged U.S. agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com", the company announced on Twitter on November 9.
Founded in 2017 following a successful $15-million ICO, Binance exchange quickly rose to fame by attracting a massive market share in terms of spot, and later, derivatives trading volume. With the impressive growth, though, came the attention from global regulators, some of which have issued warnings or officially taken actions against the exchange.
On the other hand, the altcoin markets might face huge trouble in case any legal action is taken against Binance, due to the fact that Binance is specialized in altcoins trading markets (crypto-to-crypto).
The 24h trading volume of the exchange, as of July 2022, is around $218,231,873, the number of markets is 341, with more than 170 coins and five fiat currencies, USD, EUR, GBP, JPY, and CNH. Sounds dreamy?
The variety of these orders is really majestic compared to manifold crypto exchanges that normally offer only market, stop and limit orders. Bitfinex even has a trailing order, which is huge and, in crypto, can only be found very rarely. For example, only one portfolio tracker and crypto trading app, Good Crypto, offers you Trailing Stop, Trailing Stop Limit, Reverse Trailing Stop, Trailing Take Profit, Trailing Stop Loss, Take Profit and, of course, often-used market, stop and limit orders. So, as you see, a trailing order on Bitfinex is kind of good news.
If you have the Basic Plus and higher verification status, you can use Bitfinex Borrow and enter an order to borrow at the rate and duration of your choice. On the other hand, you can, of course, simply open a position in the trading terminal, and Bitfinex will take out funding for you at the best available rate at that time.
You and Bitfinex also kind of meet half-way on that front. Users of this trading venue are still allowed to keep their anonymity with starter verification levels, but in terms of security, oh, something wicked this way comes.
Currently the largest cryptocurrency exchange in the world in terms of 24h trading volume, in 2017, Binance became one of the most successful ICOs that had raised $15 million. It sure sounds like a good Bitfinex alternative already, right?
They even have their own decentralized exchange (DEX), two blockchains (Binance Chain and Binance Smart Chain) and their own version of crypto gold, Binance cryptocurrency. The Binance coin is called BNB, so if you stock up on this coin, they will decrease your Binance trading fee in return.
In case you forgot, margin trading is a trading type where you initially deposit money into your account to effectively borrow more money from an exchange or other traders. These other traders willingly lend you their money because you pay interest for using it, and the higher the demand for a particular coin, the higher is the interest.
So, what is the fastest way to start margin trading on Binance? According to the Binance margin trading guide presented on their website, when your margin trading account is activated, transfer your funds from your regular Binance wallet to your margin wallet. 041b061a72