What is PancakeSwap? (CAKE)

PancakeSwap (CAKE) is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC) blockchain. It allows users to buy and sell a variety of different cryptocurrencies in a decentralized manner, using the BSC's native token, Binance Coin (BNB), as the primary trading pair. PancakeSwap is built on top of the Binance Chain, which is a high-performance, public blockchain developed by Binance.

Uses an automated market maker (AMM) model to facilitate trades. This means that instead of matching buyers and sellers directly, the exchange uses a mathematical formula to calculate the price at which trades will occur. This allows to offer liquidity to its users without the need for a traditional order book.

In addition to its DEX functions, CAKE also includes a governance system that allows users to propose and vote on updates to the exchange. This enables the community to play a role in the direction and development of the platform.

Who made PancakeSwap?

Developed by a team of anonymous individuals or group of individuals known only as "PancakeSwap." It was launched on September 20, 2020, and has since become one of the most popular decentralized exchanges on the Binance Smart Chain.

The development was funded through an initial coin offering (ICO), in which the team sold the platform's native token, called CAKE. The proceeds from the ICO were used to finance the development and marketing.

It's worth noting that because CAKE is a decentralized exchange, it is not controlled by any single entity or individual. Instead, it is maintained and governed by the community of users who participate in it.

How does PancakeSwap works?

Because it is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC) blockchain. It allows users to buy and sell a variety of different cryptocurrencies in a decentralized manner, using the BSC's native token, Binance Coin (BNB), as the primary trading pair.

To use it, users first need to connect their wallet to the platform. This can be done using a variety of different wallet options, such as Ledger, MetaMask, or Trust Wallet. Once their wallet is connected, users can begin buying and selling cryptocurrencies on the platform.

Uses an automated market maker (AMM) model to facilitate trades. This means that instead of matching buyers and sellers directly, the exchange uses a mathematical formula to calculate the price at which trades will occur. This allows CAKE to offer liquidity to its users without the need for a traditional order book.

To make a trade on PancakeSwap, users simply need to specify the amount of the cryptocurrency they want to buy or sell, and the platform will automatically match them with the appropriate counterparty and execute the trade. The platform will then charge a small fee for facilitating the trade, which is paid in the form of CAKE, PancakeSwap's native token.

In addition to its DEX functions, it also includes a governance system that allows users to propose and vote on updates to the exchange. This enables the community to play a role in the direction and development of the platform.

How does PancakeSwap has value?

It has value because it is a useful platform for buying and selling cryptocurrencies. The platform is easy to use, has low fees, and is built on top of the fast and secure Binance Smart Chain blockchain. As a result, it has gained a large and active user base, which has helped to drive the demand for and value of the platform.

In addition to its utility as a DEX, it also has value because it has its own native token, called CAKE. CAKE is used to pay fees on the platform, and it can also be bought and sold on cryptocurrency exchanges. The value of CAKE is determined by supply and demand forces in the market, just like any other cryptocurrency.

It's worth noting that the value of PancakeSwap, as well as its native token CAKE, is highly speculative and volatile. Cryptocurrencies, in general, are considered high-risk investments, and the value of these assets can fluctuate dramatically over short periods of time. As such, it's important for investors to do their own research and carefully consider their risk tolerance before buying or selling any cryptocurrency.

Why use PancakeSwap?

There are several reasons why someone might choose to use it:

Decentralized exchange: Decentralized exchange (DEX), which means that it is not controlled by any single entity or individual. This can be appealing to users who value the security and autonomy that comes with decentralized platforms.

Low fees: PancakeSwap charges relatively low fees for its trading services, which can make it an attractive option for users who are looking to minimize their costs.

Wide selection of cryptocurrencies: PancakeSwap supports a wide range of cryptocurrencies, including popular tokens such as Bitcoin, Ethereum, and Binance Coin. This makes it easy for users to trade a variety of different assets on the platform.

Easy to use: is designed to be user-friendly, with a simple and intuitive interface that makes it easy for users to buy and sell cryptocurrencies.

Active development: is an actively developed platform, with a strong and engaged community of users. This means that the platform is likely to continue to improve and evolve over time.

How to buy PancakeSwap

If you want to buy CAKE, you'll need to follow these steps:

Set up a wallet: In order to buy, you'll need to have a digital wallet that is compatible with the Binance Smart Chain (BSC). There are several options available, such as Ledger, MetaMask, or Trust Wallet.

Purchase Binance Coin (BNB): CAKE uses Binance Coin (BNB) as the primary trading pair for most cryptocurrencies. As such, you'll need to have BNB in your wallet in order to buy other assets on the platform. You can purchase BNB on a cryptocurrency exchange, such as Binance or Kraken, using a debit or credit card, or by exchanging another cryptocurrency for BNB.

Connect your wallet to PancakeSwap: Once you have BNB in your wallet, you'll need to connect it in order to start buying and selling cryptocurrencies. You can do this by visiting the PancakeSwap website and clicking the "Connect Wallet" button.

Choose the cryptocurrency you want to buy: Once your wallet is connected, you can browse the list of available cryptocurrencies on PancakeSwap and select the one you want to buy.

Place an order: To place an order, you'll need to specify the amount of the cryptocurrency you want to buy and the price you are willing to pay. PancakeSwap will then automatically match you with a seller and execute the trade.

Confirm the transaction: Once your order has been matched, you'll need to confirm the transaction using your wallet. Once the transaction is complete, the cryptocurrency you purchased will be transferred to your wallet.

It's worth noting that the process for buying cryptocurrencies may vary depending on your specific circumstances and the specific wallet and exchange you are using. Be sure to carefully read any instructions and warnings provided by the platform and your wallet before making any trades.

Will PancakeSwap be worth in 10 years?

It is difficult to predict with certainty what the value of CAKE or any other cryptocurrency will be in the future. Cryptocurrencies are highly speculative and volatile assets, and their value can fluctuate dramatically over short periods of time.

That being said, it is possible that CAKE could increase in value over the long term. The success of a cryptocurrency or blockchain platform often depends on its adoption and usage by users and developers. If it continues to attract a large and active user base, and if it is able to successfully compete with other decentralized exchanges and blockchain platforms, it could potentially increase in value over time.

However, it's important to keep in mind that there are no guarantees in the cryptocurrency market. The value of CAKE, or any other cryptocurrency, could also decline in the future. As such, it's important for investors to do their own research and carefully consider their risk tolerance before buying or selling any cryptocurrency.

Conclusion

PancakeSwap is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC) blockchain. It allows users to buy and sell a variety of different cryptocurrencies in a decentralized manner, using the BSC's native token, Binance Coin (BNB), as the primary trading pair. 

PancakeSwap is built on top of the Binance Chain, which is a high-performance, public blockchain developed by Binance. The platform is easy to use, has low fees, and is actively developed and supported by a strong and engaged community of users. These factors have contributed to the success and popularity of PancakeSwap. 

However, it's worth noting that the value of PancakeSwap, as well as its native token CAKE, is highly speculative and volatile, and there are no guarantees about the future value of these assets. As such, it's important for investors to do their own research and carefully consider their risk tolerance before buying or selling any cryptocurrency.

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Coinbase wallet ends support for ETC, BCH, XRP, XLM

According to a recent business blog post, the leading cryptocurrency exchange in the United States, Coinbase Global Inc., revealed that as of January 2023, its wallet would no longer handle Ethereum Classic (ETC), Bitcoin Cash (BCH), XRP, and Stellar (XLM).

Quick facts

Users will still be able to access their assets on this wallet using a recovery phrase, according to Coinbase, which stated that the modification — which was initially planned to go into effect on Dec. 5 — was caused by "low usage."

The exchange forewarns customers that they risk losing their unsupported assets if they attempt to send or receive them on the site.

The largest of the four, XRP, increased 5% to US$0.49 in the 24 hours leading up to 10:30 a.m. in Hong Kong, despite the unfavorable attitude around these coins. All four tokens climbed in Wednesday early trading in Asia along with most of the major tokens. In the same period, there was a minimum 2.2% increase in ETC, BCH, and SLM.

XRP in particular may have caught some investors off guard because, according to CoinMarketCap, it is presently the seventh-largest cryptocurrency by market valuation.

As the deadline for filing summary judgments by both parties approaches in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs Inc., whose payment network is powered by XRP, XRP has received a lot of attention recently.

Since their inception, BCH and ETC, two forks of the two most popular cryptocurrencies, Bitcoin and Ethereum, have had erratic usage. ETC experienced a spike in interest prior to the eagerly awaited Ethereum Merge, but it has lost more than 50% of its value since August and is currently trading at $20.38 as of Wednesday morning.

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Crypto Legislation bring Transparency to Exchanges

Bronx Rep. Ritchie Torres introduces crypto legislation to bring transparency to exchanges

After FTX's collapse, U.S. Rep. Ritchie Torres (D-NY) announced the introduction of two pieces of crypto legislation that would provide transparency to the volatile business at a news conference in his Bronx office on Monday.

Torres, a congressman for the 15th congressional district of New York who is about to begin his second term, has long been a proponent of the use of cryptocurrencies. In an opinion piece he wrote for the New York Daily News in March, he argued that crypto could benefit his constituents by reducing the fees and delays common in traditional finance, including for remittance payments.

The Crypto Consumer Investor Protection Act and the Crypto Exchange Disclosure Act would prohibit exchanges from lending, leveraging, or combining customer funds without their consent. These two bills would address the factors that contributed to FTX's bankruptcy and the potential loss of billions in customer funds.

Leo Schwartz - Fortune

Sam Bankman-Fried is not an example of the cryptocurrency finance industry, just as Bernie Madoff is not an example of the conventional financial industry, according to Torres. The American economy needs cryptocurrency, but it needs to be carefully regulated.

Representatives from Bronx Crypto, a business that coordinates and offers educational resources to regional investors, including its co-founder Julio Barrios, who told Fortune that he still had $1,000 locked onto FTX US, were present with Torres.

The Senate Agriculture Committee's Digital Commodities Consumer Protection bill, which indicated in a hearing on FTX last week that it would halt to examine the bill's terms, is one of many crypto-related pieces of legislation that Torres' bills join.

Torres is a member of the House Financial Services Committee, which in the upcoming congressional term will be led by Patrick McHenry (R-N.C.). Stablecoin legislation was created by McHenry and the current chair, Maxine Waters (D-Calif.), but according to people with knowledge of the situation, it is still under consideration and will probably wait until the next session.

Torres asserted that the need for openness applies to both stablecoins and exchanges, and that he feels his ideas can complement any stablecoin law. However, he singled out Tether, which issues the largest stablecoin by market cap, as a firm about which he is concerned. He claimed that there are reputable actors in the stablecoin industry, like Circle and Paxos.

Torres cited the change in House leadership as the reason he did not provide a timetable for when he anticipates discussion to start on his measure.

Torres has criticized FTX, but new headlines have linked him to the contentious exchange. Blockworks revealed on November 29 that Torres had received Bankman-Fried-related campaign cash but had donated his portion to a nearby charity.

On Nov. 23, the American Prospect reported that Torres was one of eight House members who questioned the SEC's power to contact FTX and other cryptocurrency and blockchain firms in an open letter to Gary Gensler, the chairman of the SEC.

Torres claimed that was a mischaracterization of the letter in response to a query from Fortune, claiming that it was about voluntary requests for information from unregulated businesses.

According to Torres, it is not rare for Congress to request that an organization spend its resources effectively. "I would contend that the SEC had the incorrect priorities because it spent more time looking into Kim Kardashian than Sam Bankman-Fried."

source: fortune.com/crypto/2022/12/05/bronx-rep-ritchie-torres-introduces-new-crypto-legislation/

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Apple Forces Coinbase to Disable NFT Transfers on Its Wallet App

NFT transactions are no longer supported by Coinbase's Wallet iOS app as a result of Apple's rigorous new NFT restrictions, which were revealed in October.

"You may have noticed that NFTs can no longer be sent on the iOS version of Coinbase Wallet. This is due to Apple preventing our most recent app release until we turned off the feature, the Coinbase Wallet account tweeted on Thursday.

NFTs are subject to a steep 30% transaction tax on Apple's mobile app store, even if they aren't officially forbidden. Developers will have their apps removed from the store if they are unable to comply with that criterion.

According to Coinbase, Apple wants to charge a 30% fee on any gas fees (i.e., fees associated with Ethereum network transactions) associated with NFT transfers carried out through the wallet app, but Coinbase claims that this is "impossible."

This is obviously not conceivable, according to anyone who is familiar with how blockchains and NFTs operate, according to Coinbase. Even if we wanted to, we couldn't comply because Apple's proprietary In-App Purchase mechanism doesn't handle cryptocurrency.

On the Ethereum network, users are required to pay a cost known as gas for each transaction they complete, even if they are just moving an asset like an NFT to a different wallet. The network cannot function without these fees. However, they are more intricate than a flat rate and are not under the jurisdiction of a single organization.

The cost of gas, which is measured in gwei but paid for in ETH, varies according to the activity on the Ethereum network and the effectiveness of a smart contract's code. Additionally, more experienced users can choose to pay more to move their transaction up the list.

These limitations on its mobile application have angered Coinbase, which compares Apple's action to "Apple trying to take a cut of fees for every email that gets sent over open Internet protocols."

Many proponents of cryptocurrencies are outraged by Apple's contentious in-app purchase fee, including Tim Sweeney, CEO of Epic Games, who previously filed a lawsuit to challenge Apple's policies and declared that the tech giant "must be stopped."

Ryan Wyatt, a former executive at YouTube and the current CEO of Polygon Studios, has adopted a similar approach and has called Apple's 30% tax "criminal." According to Wyatt, the tax's monopoly on the sector will "forever hold back technical advancement."

Elon Musk, the wealthy CEO of Twitter, has already expressed anxiety that Apple would remove Twitter from its store, thus he is also not exempt from its censorship (Musk then met with Apple CEO Tim Cook on Wednesday, and Cook apparently dispelled those concerns).

Coinbase expressed the expectation that this choice was perhaps "an oversight" and that it can be further examined. Additionally, it thinks that Apple's stringent NFT fee policy will make it more challenging for NFTs to gain widespread adoption and will make it more difficult for users to transfer their assets.

At the expense of customer investment in NFTs and developer innovation throughout the crypto ecosystem, Apple has implemented new regulations to safeguard corporate revenues, according to Coinbase.

Crypto aficionados on Twitter today criticized Apple's limitations, but others highlighted the possibilities of Solana's Saga phone, a mobile device that is Web3-native and will not have such limitations. This device is still under development. Its anticipated release date right now is early in the following year.

According to Solana's Head of Communications Austin Federa, "Today it was Apple, but tomorrow it could be Google." "We require a third choice."

Coinbase says Apple is demanding 30% cut of NFT gas fees before allowing digital wallet update

On Thursday, Apple announced that it would not allow its iOS digital wallet to receive the newest version until the cryptocurrency exchange shared 30% of the gas fees from NFT sales or turned off the ability to send them.

According to Coinbase, Apple wants gas prices to be paid using a mechanism that deducts 30% from all in-app purchases made for software running on Apple devices. However, a tweet from the Coinbase Wallet Twitter account asserts that this isn't even feasible, likening it to Apple wanting to charge for each internet-based email sent. Apple typically levies a 30% fee for any app purchased through its app store as well as for any in-app purchases made, like purchasing extra lives for Candy Crush or a skin for Minecraft.

The Coinbase Wallet Twitter account tweeted on Thursday that "Apple's proprietary In-App Purchase system does not support crypto so we couldn't comply even if we tried." The biggest impact of this policy change will be felt by iPhone users who own NFTs, according to another tweet from the account, which stated: "If you hold an NFT in a wallet on an iPhone, Apple just made it a lot harder to transfer that NFT to other wallets, or gift it to friends or family."

Brian Armstrong, CEO of Coinbase, added his two cents.

"Good illustration of the types of conversations we have with Apple on a monthly basis to address their monopoly on the app store. It has occasionally become very ludicrous," he tweeted on Thursday.

The conflict between Apple and Coinbase Wallet is the most recent example of how the tech giant's control over the apps in its ecosystem has come under fire. The company started allowing apps on its App Store to sell NFTs in September, as long as it continued to receive a 30% cut of each sale. The Google Play store for Android charges a similar 30% fee.

The CEOs of other significant internet firms, such as Twitter's Elon Musk, Meta's Mark Zuckerberg, and Spotify's Daniel Ek, have all attacked Apple for its tight control over apps.

Apple didn't reply to Fortune's request for comment right away.

Prominent business figures in established online corporations and Web3 upstarts criticized the move. Tim Sweeney said in a September tweet that the tech giant "is eliminating any NFT app firms it can't tax." Tim Sweeney's company Epic Games is suing Apple in 2020 for alleged antitrust violations.

Yat Siu, co-founder and executive chairman of Hong Kong-based Animoca Brands, said earlier this year that Apple's plan to charge the 30% fee will scare off blockchain-based businesses, according to Web3.

Siu said at the time to Fortune, "The problem with Apple is that they charge you 30% because they're Apple, with no other explanations given.

Coinbase disables NFT transfer on iOS app, citing hefty in-app fees

In response to a disagreement over Apple's in-app purchase policy, cryptocurrency exchange Coinbase stopped its non-fungible token (NFT) transfer feature for iOS users, the firm tweeted on Thursday.

Quick facts

According to Coinbase, Apple needs to collect the gas fees, which happen while transferring an NFT, through its in-app purchase mechanism so that it can charge a 30% gas fee.

The tweet from Coinbase stated, "For anyone who understands how NFTs and blockchains work, this is plainly not conceivable." Even if we wanted to, we couldn't comply because Apple's proprietary In-App Purchase mechanism doesn't handle cryptocurrency.

Apps "may use in-app purchases to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring," according to a policy published by Apple in October.

The tech giant demands a 30% cut of each transaction, prompting complaints from the cryptocurrency sector about what they refer to as the onerous "Apple tax."

source: finance.yahoo.com/news/coinbase-disables-nft-transfer-ios-050830302.html

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Telegram plans decentralized crypto exchange

Following the failure of the FTX platform, social media network Telegram Messenger LLP wants to create non-custodial wallets and a decentralized exchange for cryptocurrencies, according to Pavel Durov, creator and CEO of Telegram.

Quick facts

The project's 38-year-old founder argued that blockchain-based initiatives in general should revert to their decentralized origins by enabling cryptocurrency users to conduct transactions from privately hosted wallets that are independent of any one third party.

"As developers, it is our responsibility to steer the blockchain sector away from centralization by creating user-friendly, quick-to-use decentralized applications. Today, such projects are at last feasible, according to Durov's post.

According to Durov, the bankruptcy of FTX demonstrates how relying on centralized corporations causes investors to lose money at "the hands of a few who began to misuse their position."

After declaring bankruptcy on November 11, Sam Bankman-FTX Freid's has been charged with misusing client cash, putting an estimated 1 million clients and other investors at risk of suffering billions of dollars in losses.

According to Durov, Telegram just finished creating the decentralized auction platform Fragment.

The Open Network (TON), a system developed separately in 2021 after the Securities Exchange Commission rejected Telegram's proposed version, served as the foundation for the platform's October launch. TON is a decentralized layer-1 blockchain.

By offering tokenized Telegram usernames for sale on the blockchain, Fragment has already raised TON's native token (Toncoin) in the amount of US$50 million, according to Durov.

The next step for Telegram, according to Durov, is to create a set of decentralized tools, including wallets and exchanges, that will enable millions of users to safely and securely trade and store cryptocurrency. This week, Fragment will broaden beyond just usernames.

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Binance Review, The World's Best Cryptocurrency Trading Exchange

Most people ask how to buy cryptocurrencies in a safe way. On this occasion I will share information and reviews about the best and most popular exchange sites, including the types of coins / cryptocurrencies that can be purchased on these exchanges, as well as the payment methods. The first thing to look for when looking for a bitcoin exchange is how secure the website and servers are. Location usually gives an idea of what is on offer. On this occasion I will review in full the cryptocurrency exchange trading place on binance.com, along with the binance.com review:

Binance.com Review - Cryptocurrency Exchange Trading

Binance comes from the words "Binary" + "Finance". One of the negative things people have found about this site is that it is operated by a Chinese company operating out of Tokyo, Japan. Before they actually operated in China, however due to the recent problems with crypto in Iraq, the company decided to shift operations to a friendly country while carrying out crypto operations.

On their site, it says that they are capable of processing 1,400,000 orders per second! An impressive number when you consider the number of people who visit their site every day. The company had an initial ICO in July 2017 and after a few months, released their exchange site where their BNB coin can be used to pay transaction fees. This is a website that recently entered online cryptocurrency trading.

Verify with Binance.com

Verification level is a security feature that can help monitor trading levels and keep it manual to help control unwanted trades. What is the verification level? Account levels exist to keep users safe from exceeding their regular trading capacity. Most websites now have manual activation which requires information from the user which is submitted to the company for review. There is also a level of verification that is not connected with trading, but with deposits / withdrawals.

There are three verification levels available on Binance.com and these verification levels are for withdrawal limits.

The first level has a 24 hour withdrawal limit of 2 BTC

The second level allows withdrawing 100 BTC

The last tier will be at level 3 and it will have a higher limit of 100 BTC (exact amount not disclosed).

How do we level up the account to increase its withdrawal limit?

In order to upgrade the regular level (LVL 1) to Level 2, SMS Authentication / SMS Authentication needs to be enabled. Which is great if you ask us because it's a huge increase in account limits. Once this is enabled, additional verification documents need to be submitted for the account to be upgraded to level 2. Level 3 accounts need to go through a manual verification process which requires the user to contact the developer and request them.

To create an account with Binance.com , simply go to their website and click register. It can be found in the upper right corner of the homepage. A separate tab will be provided which will ask for your active email, password (for Binance accounts), and referral ID if you have one. After all the information has been provided, read the terms of use and click Register. To complete the registration, click on the confirmation link sent to the email provided.

After logging in to the account for the first time, the user will be asked to enable Two-Factor Authentication under the account. There are two options, one will be Google Authenticator and the second will only work for Mainland China users which is SMS Authentication. What we found particularly impressive is that the first time you log into your account you are not immediately thrown into the sharks, we mean you are not immediately thrown into the live trading board and they will redirect you to the safety tab. Instead, everything needs to be taken care of before moving into trading.

Binance.com features

There are several features that these websites must have in order for users to feel comfortable with their registration. We've already mentioned some of the security features including the ability to add 2FA to your account. They also have verification levels for withdrawal limits which allows users to add layers of levels if they have passed the requirement to upgrade one's account to a different level.

You can also add a private API key where you can access all of Binance.com's trading services from a third-party website or mobile App, making it easier to transfer from one device to another. One of their notable features which will be talked about later in this review, this is the ability of registered users to turn ON/OFF fee payments using BNB coins.

Binance.com fees

We have talked about account creation, their website features; This is a great time to talk about how much they pay per trade. So how much is it? At current rates, Binance charges only 0.1% for each trade.

Compared to other websites out there today, they probably have the cheapest trading fees to date! What's even better is that they have their own BNB coin that can be used on their exchange site. As mentioned before, one of their features is enabling/disabling the ability to pay fees with their own coins.

If you pay for using BNB, you will immediately get 50% OFF of trading fees. This means trading fees of 0.1% are cheap, in fact it will drop to 0.05% with the added discount.

Trade on Binance.com

Now comes the fun part! The Binance.com exchange is divided into two parts. One will be the Basic tab and the other will be the advanced tab. We'll look at both of these tabs but focus more on the basic ones as they are basically the same, with "advanced" having a lot more to look at and confuse.

To reach the basic exchange platform, login to your account. Remember earlier that we talked about being redirected to the security account tab after logging in? On the same page, go to the top left corner of the screen and click on the "Exchange" tab. This will open up two options to choose from as mentioned - select basic.

Seen in the image above, the selected BNB / BTC (of course, they should show their own coin by default) can be seen in the upper left corner of the basic trading screen. Found alongside the exchanges, what is calculated is the last price for the exchange between BNB and BTC, next to that is the 24 hour exchange rate and further down the right hand side will be the highest and lowest prices recorded in twenty four hours. period. The displayed chart can be changed between "Candlesticks" and "Depth" depending on what you like to see.

Since this is a BTC exclusive site, all coins will be paired with BTC. These can be found on the right side panel of the basic trading window. The list of available coins that can be traded will be discussed later in this review.

To Buy or Sell an order you just need to head to the center area where you can order. BTC price can be freely changed to whatever value you find profitable. After changing or maintaining the price, select the amount of BNB or any number of pairs for your BTC and click BUY / SELL. Successful orders will then be placed on the left side of the trading page. All Open Orders can also be seen at the bottom of the trading page. To access it, scroll down and the lowest part of the page should be.

Now moving on to the advanced trading page, everything changes to night mode and the difference is the optimal location of the important tabs found on the trading page. The indicators have been moved to the top left side of the trading page, on the right side are the candlesticks and depth charts; This is also where you can change the view from normal screen or full screen mode.

Down on the right side panel are the recently filled buy and sell orders. Below is the order tab where everything related to the order can be found. On the lower right side are the respective Open Orders, Trade History and Funds tabs.

One thing that this website does not have in terms of their trading, is educational material which can be very useful for new traders looking to get into the world of trading. If they are thinking about adding features to their website, adding educational materials is a good thing to do.

Available Coins for Trading on Binance.com

Bitcoin, Ether, Ethereum Classic, Zcash, Ripple, BNB, ARK, AST, BNT, BQX, BTG, CTR, DASH, DNT, ENG, ENJ, EOS, Monero, Litecoin and more! To get a complete list of available coins, please go to their website and create an account.

Ease of use of Binance.com

This site is not made for new players on world exchanges. They don't have a guide that says what's which and directs new traders on the right path! With that said, it would be wise to read more about exchange websites before even trying to trade on Binance.com if you are new to the world of trading.

Apart from the non-user-friendly interface, we have noticed that their website has absolutely no lag issues. This means that when we switch from one tab to another, everything happens in an instant and you are not forced to wait in awkward silence to get to the next page.

When it comes to ease of use we give them a good 7/10 experience as everything works smooth the only advantage we have is that we know like charts and numbers.

Binance.com Customer Support

After all exploring with the features and how to trade, it is time to see what kind of support they have for their customers. One of the important things in looking at an exchange/trading platform is knowing their customer service. We have emphasized in so many reviews that when it comes to money handling websites, customer service is very important to its progress because it bridges the gap between the company and the customer.

Here at Binance.com, registered customers can contact them via email support as they do not yet have a live chat system integrated into their website, possibly a feature that will be added in the future. Apart from email support which can be reached via support@binance.zendesk.com they can also be contacted via the QQ Group: 344615861. QQ is a messenger App that is widely used in China. They can also be followed via their Facebook , Twitter, Weibo and Wechat accounts.

The Binance.com user experience

The features they provide are good despite the fact that they are new to the world of trading. The little time spent driving around the website and browsing tabs leads us to believe that it only took time to get used to their use and feel satisfied with what they have. As mentioned before, their site has no lag issues so this is great. The security features provided are sufficient to keep your account secure. The only thing missing is that they fail to mention a safety net for their trading compared to other websites which is always mentioned and transparent for registered users to view.

What are people saying about the website? Most of the negative claims could be just opinions of what people say about them and that's it, there is no evidence whatsoever of the negative claims they have on the website. You can read a bit about how they say the website is a pump and drain schematic you should be aware of.

Binance.com pros and cons

Pros

Bitcoin centered exchange

Very low cost

Tons of coins to exchange

Do not lag behind other websites

Cons

Does not accept bank payment methods

Telephone customer support is not available

The website is not for beginners

Binance.com Conclusion

We had fun as we went through the website and explored their features and what their exchange platform was. We didn't expect much from Binance.com as they are just a website that is completely new to the exchange market and the negative reviews some websites are posting at the moment. If you were to ask us if this is a safe place to do business, we would suggest waiting a few more months and seeing where this website leads. It looks good now, but like any other scam site, they looked good at first but will suddenly disappear.

We recommend creating an account with them with great care and always remember that when it comes to a new website only time can tell if it is good or not. Negative comments and reviews are there to help us decide whether to trust a particular website or not. But at the end of the day, it is still your decision as a trader to trade with this website or not.

source: blog.kincaimedia.net/2018/03/review-tempat-trading-exchange-cryptocurrency-di-binance.com.html

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Binance Trading Platform on Mobile and Desktop versions

image: ccnull.de

The app for Binance trading on the crypto market! - Binance is committed to providing a secure and easy-to-use Crypto trading app for trading on all exchanges. the mobile trading application also allows you to buy Bitcoins and other cryptocurrencies.

The Binance Crypto exchange app is quite simple and easy to use, as well as safe to buy/sell crypto cryptocurrencies right from your phone. You can buy various cryptocurrencies in the world.

Buy/Sell Cryptocurrencies Easily

Buying and selling bitcoins and various cryptocurrencies is easy and smooth with the Binance app, the trading execution is free and connected to a world-class engine that can support up to 1.4 million transactions and ensures a seamless experience when buying and selling on various cryptocurrency markets.

Trading Charts and Tools

Tracking your digital asset portfolio is easy with the Binance app. You can check your account and trade right from the crypto trading app. Easily access tools and live prices any time on the Binance website or app.

High Level Security Priority

All funds are safe with state-of-the-art security protocols ensuring your funds are protected at all times. Binance uses multiple levels of security so you can store your digital assets safely with a mobile commerce app. Binance continues to improve the app regularly to make sure you get the latest security updates!

Binance 24 Hour Customer Support

Binance has a dedicated customer support team who are always ready to help if you have any problems and you can talk directly to the app! Whether you are old or just starting out in the business and taking your first steps into the world of Crypto, Binance is here to help you with a support team. If you have any problems with the Crypto trading app, please contact us at binancedev@gmail.com

Trading Apps on Binance Android, iOS & Desktop Versions

Note: to be able to use this application, of course you already have a Binance account, register here: How to Register Binance exchange account.

Here is a bitcoin & cryptocurrency trading app on the Binance exchange for android, iOS and PC devices that you can download and install. The app dedicated to trading on Binance! Binance is committed to providing its users and the entire industry with one-stop digital asset services that are professional, secure and transparent. Binance has over millions of registered users from more than 200 countries and regions.

Download the Binance Trading App

Binance Android

Binance iOS

Binance Windows Desktop PCs

Binance MacOS Desktop PCs

source: blog.kincaimedia.net/2020/06/aplikasi-trading-di-binance.html

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Binance Cryptocurrency Exchange: What is Binance and How to Register Account?

Image Source: Freepik

Are you a fan of Cryptocurrency, and what exchange that you use? If you haven’t used Binance Cryptocurrency Exchange yet, you are on the right track. This article will discuss why you should use Binance as your platform for crypto trading.

What is Binance Cryptocurrency Exchange?

Binance Cryptocurrency Exchange is the No.1 cryptocurrency exchange in the world according to Coin Market Cap and Coin Gecko, the most used crypto platform to see the price, trading volume, and many more.

There are more than 180 cryptocurrencies available on Binance, and you can access them via smartphone, tablet, or laptop. It has a staking feature that makes it easier for users to get interested in coin deposits daily.

It is the safest cryptocurrency platform with high liquidity and is available worldwide. Binance has over 15 million users with an average trading volume of $2 billion daily. One hundred eighty cryptocurrencies are available, and you can access them via smartphone, tablet, or laptop.

Binance also has a crypto coin called BNB with a 1,1 Billion USD trading volume.

Why Should We Use Binance Cryptocurrency Exchange?

The Binance trading platform offers the most crypto coins, has low transaction fees, and has a high liquidity transaction process. Besides that, Binance offers several other exciting advantages. Here is a list of the benefits that we have summarized for you:

• The platform is easy to use and can be installed on HP.
• It has the most extensive collection of crypto assets in the world.
• It has a staking feature that makes it easy for users to earn daily interest.
• We can use the platform for novice investors and expert crypto investors.
• Low transaction fees and a fast fund disbursement process

According to the explanation about Binance above. We can see that Binance has a good reputation, has a wide selection of crypto coins, and has excellent features. 

Read this article to the end to learn more about Binance, such as its advantages and disadvantages, creating an account, and other information about Binance.

Advantages and Disadvantages of Binance Cryptocurrency Exchange

Each crypto asset platform has its advantages and disadvantages. Here's a summary of Binance's advantages and disadvantages.

Binance Advantages

• The world's largest cryptocurrency exchange platform, according to Coin Market Cap and Coin Gecko.
• Low trading fees.
• The world's most secure crypto platform.
• Offers over 180 cryptocurrencies.
• Available worldwide 
• Provides an integrated wallet to store coins
• It provides a built-in wallet to store crypto coins.
• Offers a variety of payment options.
• It has a staking feature that makes it easier for users to get interested in coin deposits daily. 

Disadvantages of Binance

1. Credit card and debit card transaction fees are around 2% per transaction.
2. Lack of responsive customer support.

How To Register on Binance?

Have you interested in registering with Binance Cryptocurrency Exchange? If you are interested, here is the step-by-step to writing in Binance.

1. Type binance.com on your browser and click sign up.
2. Click [Mobile] and enter your account's mobile number, password, and Referral ID (if any). Read and agree to the Terms of Use and click [Create Account].
3. Finish your security verification.
4. The system will send an SMS verification code to your phone. Type the 6-digit verification code within 30 minutes. If you can't accept it, click [Resend] or [Please try voice verification] to use voice verification.
5. After that, you have finished your account.
6. To increase the security of your account, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.

Besides registering to Binance Cryptocurrency Exchange via the website, you also can register via Binance Apps.

1. Install Binance Apps on Play Store or App Store
2. Tap [Register]. Enter the email address, the password you will use for your account, and the Reference ID (if applicable). Check the box next to [I Understand the Binance Terms of Use] and tap [-].
3. Drag the slider to complete the Security Verification puzzle.
4. You will receive a verification email in your inbox. Please enter the verification code within 10 minutes. If you can't find the email, click [Send Code] to get another email.

Ready to Trade Your Coin on Binance?

So, that’s all the explanation of Binance Cryptocurrency Exchange. Register to Binance Exchange, and you will be ready to trade your coin. Good luck!

Reference:
https://www.investopedia.com/terms/b/binance-exchange
https://www.g2.com/products/binance/reviews

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What Is a Decentralized Exchange (DEX)?

You probably know the drill with cryptocurrency exchanges. Sign up with your email, come up with a strong password, verify your account, and start trading cryptocurrency.

Decentralized exchanges are like that, minus the hassle of sign-ups. In most cases, there’s no depositing or withdrawing crypto. The trade happens directly between two users’ wallets, with limited (if any!) input from a third-party.

Decentralized exchanges can be a bit trickier to get the hang of, and they might not always have the assets you want. But, as the tech and interest in it grow, these may very well become integral components in the cryptocurrency sphere.

Introduction

From the early days of Bitcoin, exchanges have played a vital role in matching cryptocurrency buyers with sellers. Without these forums attracting a global user base, we’d have much poorer liquidity and no way to agree on the correct price of assets.

Traditionally, centralized players have dominated this field. However, with the rapidly-evolving stack of technologies available, a growing number of tools for decentralized trades have emerged.

In this article, we’ll take a dive into decentralized exchanges (DEXs), trading venues where no intermediaries are required.

Defining decentralized exchanges

In theory, any peer-to-peer swapping could constitute a decentralized trade (see, for instance, Atomic Swaps Explained). But in this article, we’re primarily interested in a platform that emulates the functions of centralized exchanges. The key difference is that their backend exists on a blockchain. No one takes custody of your funds, and you don’t need to trust the exchange to the extent that you do with centralized offerings, if at all.

How a centralized exchange works

With your typical centralized exchange, you deposit your money – either fiat (via bank transfer or credit/debit card) or cryptocurrency. When you deposit crypto, you give up control of it. Not from a usability standpoint, as you can still trade it or withdraw it, but from a technical standpoint: you cannot spend it on the blockchain.

You don’t own the private keys to the funds, which means that when you withdraw, you ask the exchange to sign a transaction on your behalf. When you’re trading, transactions don’t occur on-chain – instead, the exchange allocates balances to users in its own database.

The general workflow is incredibly streamlined because the slow speeds of blockchains don’t impede trading, and everything occurs in a single entity’s system. Cryptocurrencies are easier to buy and sell, and you have more tools available to you.

This does come at the cost of independence: you need to trust the exchange with your money. As a result, you expose yourself to some counterparty risk. What if the team runs off with your hard-earned BTC? What if a hacker cripples the system and drains the funds?

For many users, this is an acceptable level of risk. They simply stick to reputable exchanges with strong track records and precautions that mitigate data breaches.

How a decentralized exchange works

DEXs are similar to their centralized counterparts in some ways but significantly different in others. Let’s first note that there are a few different types of decentralized exchanges available to users. The common theme among them is that orders are executed on-chain (with smart contracts) and that users do not sacrifice custody of their funds at any point.

Some work has been done on cross-chain DEXs, but the most popular ones revolve around assets on a single blockchain (such as Ethereum or Binance Chain).

On-chain order books

In some decentralized exchanges, everything is done on-chain (we’ll talk about hybridized approaches shortly). Every order (as well as alteration and cancellation) is written to the blockchain. This is arguably the most transparent approach, as you’re not trusting a third party to relay the orders to you, and there’s no way to obfuscate them. 

Unfortunately, it’s also the most impractical. Since you’re asking every node on the network to record the order forever, you end up paying a fee. You need to wait until a miner adds your message to the blockchain, meaning the experience can be cumbersome, too. 

Some identify front running as a flaw in this model. Front running occurs in markets when an insider is aware of a pending transaction and uses that information to place a trade before the transaction is processed. The front runner, therefore, benefits from information not known to the public. Generally speaking, this is illegal. 

Of course, if everything is published on a global ledger, there’s no opportunity to front run in the traditional sense. That said, a different kind of attack can be deployed: one where a miner sees the order before it’s confirmed, and ensures that their own order gets added to the blockchain first.

Examples of on-chain order book models include the Stellar and Bitshares DEXs.

Off-chain order books

Off-chain order book DEXs are still decentralized in some regards, but they’re admittedly more centralized than the previous entry. Instead of every order being posted to the blockchain, they’re hosted somewhere. 

Where? That depends. You could have a centralized entity completely in charge of the order book. If that entity is malicious, then they could game the markets to an extent (i.e., by front running or misrepresenting orders). However, you would still benefit from non-custodial storage.

The 0x protocol for ERC-20 and other tokens deployed on the Ethereum blockchain is a good example of this. Rather than act as a singular DEX, it provides a framework for parties known as “relayers” to manage off-chain order books. Leveraging 0x smart contracts and some other tools, hosts can tap into a combined liquidity pool and relay orders between users. The trade is only executed on-chain once the parties are matched.

These approaches are superior from a usability perspective than those that rely on on-chain order books. They don’t face the same constraints in terms of speed, as they don’t use the blockchain as much. Still, the trade must be settled on it, so the off-chain order book model is still inferior to centralized exchanges in terms of speed.

Implementations of off-chain order books include Binance DEX, IDEX, and EtherDelta.

Automated Market Makers (AMM)

Fed up of reading the term “order book?” Great, because the Automated Market Maker (AMM) model does away with the idea altogether. It doesn’t require makers or takers, just users, game theory, and a bit of formulaic black magic. 

The specifics of AMMs depend on the implementation – generally, they string together a bunch of smart contracts and offer clever incentives to ensure user participation. We won’t detail these implementations, but check out What Is Uniswap and How Does It Work? for an example of how the Uniswap DEX works.

The available AMM-based DEXs today tend to be relatively user-friendly, integrating with wallets like MetaMask or Trust Wallet. As with other forms of DEXs, though, an on-chain transaction must be made to settle trades.

Projects working on this front include the aforementioned Uniswap and Kyber Network (which taps into the Bancor protocol), both facilitating the trade of ERC-20 tokens.

We’ve touched on some of the advantages and drawbacks of DEXs in broad strokes in the previous sections. Let’s delve into them a bit more.

Pros of DEXs

No KYC

KYC/AML (Know Your Customer and Anti-Money Laundering) compliance is the norm for many exchanges. For regulatory reasons, individuals must often submit identity documentation and proof of address.

This is a privacy concern for some and an accessibility concern for others. What if you don’t have valid documents on hand? What if the information is somehow leaked? Since DEXs are permissionless, no one checks your identity. All you need is a cryptocurrency wallet.

However, there are some legal requirements when DEXs are partially run by a central authority. In some cases, if the order book is centralized, the host must remain compliant.

No counterparty risk

The primary appeal of decentralized cryptocurrency exchanges is that they don’t hold customers’ funds. As such, even catastrophic breaches like the 2014 Mt. Gox hack won’t put users’ funds at risk or expose any sensitive personal information.

Unlisted tokens

Tokens that aren’t listed on centralized exchanges can still be traded freely on DEXs, provided there’s supply and demand.

Cons of DEXs

Usability

Realistically, DEXs aren’t nearly as user-friendly as traditional exchanges. Centralized platforms offer real-time trades that are unaffected by block times. For newcomers unfamiliar with non-custodial cryptocurrency wallets, CEXs provide a more forgiving experience. If you forget your password, you can simply reset it. If you lose your seed phrase, however, your funds are irretrievably lost in cyberspace.

Trading volumes and liquidity

The volume traded on CEXs still dwarfs that of DEXs. Perhaps more importantly, CEXs tend to have greater liquidity, too. Liquidity is a measure of how easily you can buy or sell assets at a reasonable price. In a highly liquid market, bids and asks have little difference in price, signifying high competition between buyers and sellers. In an illiquid market, you’ll have a more difficult time finding someone that wants to trade the asset for a reasonable price.

DEXs are still relatively niche, so there isn’t always supply or demand for the crypto assets you wish to trade. You may not be able to find the trading pairs you want to use, and if you do, assets might not trade at a fair price. 

Fees

Fees aren’t always higher on DEXs, but they can be, particularly when the network is congested or if you’re using an on-chain order book.

Closing thoughts

Many decentralized exchanges have emerged over the years, each iterating on previous attempts to streamline the user experience and build more powerful trading venues. Ultimately, the idea seems heavily aligned with the ethos of self-sovereignty: as with cryptocurrencies, users don’t need to trust a third party. 

With the rise of DeFi, Ethereum-based DEXs have seen a massive uptick in usage. If the momentum continues, we’ll likely witness increased innovation in the technology across the entire industry.

https://academy.binance.me/en/articles/what-is-a-decentralized-exchange-dex

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Gemini Buy Bitcoin Crypto Exchange

Crypto has the capacity to force a redesign of the Internet, our financial system, and money in a way that fosters and protects the rights and dignity of the individual. 

If we are successful, we could make as great of a contribution to personal freedom as the invention of the printing press, the personal computer, and the early, open Internet.

Crypto is not just a technology, it’s a movement. But it won’t happen unless we build simple, elegant, and secure ways for individuals and institutions around the world to discover and interact with this new frontier.

We founded Gemini with a “security-first” mentality and ethos of asking for permission, not forgiveness. We have worked hard to provide you with a high-integrity choice and we look forward to earning and maintaining your trust.

Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). We are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian.

ABOUT GEMINI

Gemini is a regulated cryptocurrency exchange, wallet, and custodian that allows customers to buy, sell, and store cryptocurrency such as bitcoin, ether, bitcoin cash, zcash and more. 

Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law.

Gemini allows you to securely buy, sell, and store cryptocurrency like Bitcoin, (BTC), Ether (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin Cash (BCH), Litecoin, BAT, Dai, Chainlink (LINK), and metaverse tokens like Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), and Somnium Space (CUBE). Gemini was built with a “security-first” mentality. Create price alerts to stay on top of the market, set recurring buys, build your crypto portfolio, and maximize your trading strategies.

Whether you’re an experienced trader or just getting started, Gemini has the tools for you:

Buy and sell NFTs on Nifty Gateway

A non-fungible token (NFT) is digital art on the blockchain—the latest trend in crypto. Nifty Gateway is owned by Gemini, so you can expect the same industry-leading crypto security for your NFTs.

BUYING IS EASY

We make buying and selling crypto easy: buy bitcoin, ether, bitcoin cash, litecoin, and more instantly. Linking your bank account is simple.

PRICE ALERTS

Create price alerts so that you can stay on top of the market and be alerted when the right moment strikes. Never miss a buying opportunity!

RECURRING BUYS

Schedule recurring buys for any amount and at any frequency, similar to how you contribute to your 401K or traditional savings account.

GEMINI EARN

Put your crypto balance to work. With Gemini Earn, you can receive up to 8.05% interest on your cryptocurrency.

GEMINI PAY

Gemini Pay is a simple, secure, and private way to spend bitcoin, ether, and other cryptocurrencies for purchases at retail stores across the United States. Available at over 30,000 locations.

SECURITY & PROTECTION

Trust Is Our Product™. Our crypto storage system and wallet have been built by industry-leading security experts. We require two-factor authentication (2FA) for every account. You can secure your mobile app with a passcode and/or biometrics. We look forward to earning and maintaining your trust.

WEARABLE

Check your watch for crypto prices and receive price alerts and notifications on Gemini for Wear OS.

INVITE FRIENDS, GET BITCOIN

Earn $10 in bitcoin when you invite a friend to Gemini.

WELCOME ABOARD!

Crypto is about giving you greater choice, independence, and opportunity. Crypto is not just a technology, it is a movement. Welcome aboard!

All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.

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Bringing crypto to the masses KuCoin CEO

Cryptocurrency exchange KuCoin began burning its tokens each month in a move CEO Johnny Lyu says will target inflation as a key challenge confronting fiat currencies.

Launched in 2017, it’s been a meteoric rise for KuCoin, which has grown into a top 10 exchange as well as being named one of the best crypto exchanges in 2021 by Forbes Advisor.

Coin Rivet spoke to KuCoin CEO, Johnny Lyu, who discussed the journey for the exchange since its launch and the variety of sectors they’ve covered.

“Our transaction volume has grown from zero to $500 billion with an average daily transaction volume over $4 billion – a year-on-year increase of 791%,” Lyu said.

Up to now, the number of registered users of KuCoin has exceeded eight million.”

We have discovered 500+ promising assets, covering the most trending sectors like DeFi, NFT, Metaverse, Solana ecosystem, Polkadot ecosystem, and Web 3.0.”

The speed of KuCoin’s progress has enabled developers to make constant updates on the ecosystem and the decision to change the burning period of KCS tokens from quarterly to monthly was one of those.

Lyu said he was aware of the issue of inflation as well and considered the long-term value of burning the tokens more often.

“We changed the burning period so that the burning event can reflect our business operations in a more agile manner,” Lyu stated.

“While reducing the token supply, we also pay attention to increasing the value and benefits of KCS for our users through the launch of new products and an upgrade of the existing ones.”

Adapting to the younger generation

Cryptocurrency is still a young industry and one that’s constantly updating globally.

Lyu is aware of the renovation that takes place in the crypto space and talks about KuCoin S, a crypto social trading app, as he believes it’s the latest product that can appeal to the demands of Gen Z.

As the number of young cryptocurrency users grows, we strive to meet the demands of the new generation with our new services unique to KuCoin only,” Lyu said.

“We believe that it will bring more newcomers on board and bridge the gap between professional traders and those who don’t have profound understanding of the crypto market.”

New social elements will make our platform more popular, attractive, and more comfortable for both users and young blockchain projects.”

Vision for KuCoin

Lyu spoke about what he inevitably wants to accomplish with KuCoin and that involves cryptocurrency becoming a global activity.

“We believe that one day everyone will get involved with crypto, and blockchain, as well as crypto, will revolutionise the way we create and distribute value,” Lyu said.

“As a platform, we are committed to bringing crypto to the masses by making KuCoin a better place to invest in crypto.”

The CEO told Coin Rivet that a plan for the 90 million lock-up of KCS will be announced in the near future as well as the newest updates of KuCoin and its white paper.

“Stay tuned,” he Lyu.

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