Altcoins Binance completes its 1 year, here are 15 things you should know Published 9 months ago on June 21, 2018 By Coinnounce - Coin Announcements Share Tweet 15 characteristics of Binance that makes it so convenient for the customers The exponential increase in the value of Bitcoin in the previous year opened the eyes of investors as well as the traders as they realized the potential of the cryptocurrencies and the Blockchain Technology which can be used to transform many fields. Bitcoin was not the perfect cryptocurrency, it had certain drawbacks and hence to overcome them, a number of other cryptocurrencies were created. However, the number of cryptocurrencies available now is a lot more than required. This has put the investors in a state of confusion as to which particular cryptocurrency to choose from in order to get best returns. Making best profits require less transaction fee and a lot of service capabilities provided by the medium through which we perform the trading, which is the cryptocurrency exchanges. Binance was actually initiated in the year 2017. It has almost been one year since its initiation and the exchange has reached the pinnacles of success. Below are some of the key features of Binance which makes it’s so reliable: The word Binance is actually a portmanteau of Binary and Finance. Binance has proven to be one of the best among all the other cryptocurrency exchanges. With its initial coin offering done in July 2017 as an ERC20 token BNB, the exchange managed to raise almost $15 million. It was after this particular exchange that the other cryptocurrency exchanges started to incorporate the ICO Originally, the cryptocurrency exchange was founded in China but due to the regulations in the country, in September 2017 it had to move its servers from China to Japan. The founder of the exchange, Changpeng Zhao is well known for creating some systems which are even now used on the Tokyo Stock Exchange. This experience might be the reasons for the success of Binance. The cryptocurrency exchange covers a large spectrum of Altcoins with over more than hundred cryptocurrencies available to trade. The cryptocurrency trading fees are also very less in the industry. It is only 0.1%. There is an added advantage of using the binance coin, BNB for the transactions where the users can get 50% discount on their fee. There is no transaction fee as well as a limit for deposits. Anyhow there is a transaction fee as well as certain amount of limit for the withdrawal of Bitcoin. If the user needs to withdraw more than two Bitcoins then extra verification procedures must be followed by providing various identification proof such as a passport. The cryptocurrency exchange can be considered as a launchpad for various coins. This is evident as, as soon as the ICO for a coin is ended, it is available on this particular cryptocurrency exchange. The exchange incorporates a two-factor verification model where are unique code is sent to the customer’s mobile phones whenever a login attempt is done. The cryptocurrency exchange has the capability of processing over 1.4 million transactions per second. Hence the buyers and sellers consider this exchange as a preferred option over the other exchanges which has low trading volumes. The only biggest disadvantage of this exchange is that it doesn’t accept the Fiat currencies. Other cryptocurrency exchanges accept Fiat currencies in the form of credit card, debit card or Paypal payments. This is the main reason why the beginners cannot start directly with Binance. It even provides an advanced option for experienced cryptocurrency users. The advanced option displays detailed statistics about the price movements of a number of cryptocurrencies which cannot be understood by novices. The exchange’s consistent updations with the regulations as well as technology are the crucial factor for its success. The CEO, Changpeng Zhao is well known in the cryptocurrency world for his expertise in the field. Also, BNB is experiencing an upward movement when the whole market is facing a downfall. According to reports, the exchange is all set to include EURO trading pairs along with doubling the referral commission rewards which would again add to its customer base. Related Topics:altcoins on binanceBinancebinance 1 yearbinance coinbinance exchangebinance how tobinance tradingbitcoin on binanceBNBbnb 1 yearbnb coinbnb tokenChangpeng Zhaoethereum on binancehow to binancetrading on binance Up Next Will India ban bitcoin and cryptocurrencies? Zebpay tweets about withdrawal closure Don't Miss Switzerland and cryptocurrencies Continue Reading Advertisement You may like Crypto Market Updates: Top Two Gainers: Binance Coin BNB and Bittorrent BTT Alert: Binance 8 hour Maintenance tomorrow: How will it affect Bitcoin Price? What Cryptocurrency To Invest In 2019? 5 Steps to How to get Bitcoins and How to use Bitcoins? Africa: New Cryptocurrency Regulations: Bitcoin to take over fiat currency Bitcoin and Dark web: Transactions increasing, Values decreasing 7 Comments 7 Comments Pingback: Binance completes its 1 year, here are 15 things you should know – Btc News Magazine Pingback: Ripple Price Analysis XRP/USD Uptrend expected 3 July | Coin Crypto Rama Pingback: Ripple Price Analysis XRP/USD Uptrend expected 3 July – Top Coins News Pingback: Ripple Price Analysis XRP/USD Uptrend expected 3 July – Online Coin News Pingback: Ripple Price Analysis XRP/USD Uptrend expected 3 July | Bitcoin Daily Pingback: Ripple Price Analysis XRP/USD Uptrend expected 3 July – Latest Bitcoin News Pingback: The top 10 richest cryptocurrency millionaires – Latest news from the world of ICO, Blockchain, Cryptocurrency and Bitcoin Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website Altcoins Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko Published 2 months ago on January 16, 2019 By Janet F. Sanchez The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224. There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these: CryptoCompare.com Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014. Founders: Charles Hayter & Vlad Cealicu CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone. CoinGecko.com We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014. Founders: TM Lee, Bobby Ong & others CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use. CoinMarketApp (Mobile Application) When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move. Download on Android Download on iOS Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry. Continue Reading Altcoins Cryptocurrency Market Updates: Bitcoin May fall further Published 4 months ago on November 24, 2018 By Layla Harding The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days. Cryptocurrency Market Capitalization Improved The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered. Bearish predictions for bitcoin While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover. The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below. Continue Reading #Bitcoin Bitcoin Cash Hard fork screwed the whole cryptocurrency market Published 4 months ago on November 19, 2018 By Layla Harding The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76. Cryptocurrency Market Crash The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them. BTCUSD yearly chart As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation. Should Craig Wright be blamed? Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier. To all BTC miners… If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks. Think about it. We will sell A Lot! Consider that…. And, have a nice day (BTC to 1000 does not phase me) pic.twitter.com/oUScEahtWc — Dr Craig S Wright (@ProfFaustus) November 14, 2018 Oh. And @JihanWu and @rogerkver selling… they will also have to sell BTC to pay rented hash. If this is a long war… expect 2014 prices in BTC… think what that does… Have a nice day — Dr Craig S Wright (@ProfFaustus) November 14, 2018 The local media’s role The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market. If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk. Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin1 hour ago Cryptocurrency Price Analysis: Great Week for the top 10 #Ripple Price Analysis5 hours ago Ripple Price Analysis: XRP going to fall or rise? #Bitcoin Price Analysis23 hours ago Bitcoin Price to $4500 soon? 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