Binance CEO, CZ, shades Elon Musk in tweet. - ''When you use electricity to run cars, it’s environmentally friendly. When you use electricity to run the most efficient financial networks in the world, it’s an environmental concern.'' coinquora.com/binance-ceo…
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πŸ‘€︎ u/jasonluxton
πŸ“…︎ May 31 2021
🚨︎ report
Binance.US Is Stealing People's Money Quietly During Market Moves

I'm making this post to help US citizens who have their money on Binance.US.

Recently, I made a trade and sold off some crypto to keep some funds in USD for a move down I anticipated happening. Everything was going according to plan and the next morning I got up to make my trade, only to find more than $1000 was missing from my USD funds.

The $11 buy was with separate money

This is the amount I woke up to

Confused, I tried to reach out to Binance.US to no avail. I did some research and found out people have been waiting months for tickets to be resolved. That was unacceptable to me, so I filed formal complaints with the BBB and the SEC, of which both cases are still open at the time of this writing.

Today, Binance.US emailed me back and notified me they removed $1000 from my trade because "their records" show a deposit I made on the 25th of June never went through.

This is the first indication I got of where the money went

Confused, I logged into my bank account to check my account and sure enough, there was a transaction for $1000 on June 25th.

Bank Statement

The most alarming thing about this is that Binance.US gave me ZERO indication that they were doing this, and if I wasn't the type of person who pays very close attention to his account, that money would have been gone forever with me being none the wiser. There were no emails, no alerts, nothing on my account, zilch, to indicate what they did. And to top it all off, it was done in the middle of the night, somewhere between 3-4am PST, as the market was falling. So when I woke up, the PNL looked as if it was a normal red day. To top it all off, they took MORE than $1000 when they removed the money from my account.

If you guys are using Binance.US, get your money off of that exchange ASAP and watch your funds like a hawk. There will likely be a lawsuit

... keep reading on reddit ➑

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πŸ“…︎ Jul 01 2021
🚨︎ report
Attention fellow Canadians. Binance has been banned in Ontario. Read carefully and take action immediately.
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πŸ‘€︎ u/brave_beaver_
πŸ“…︎ Jun 25 2021
🚨︎ report
Binance CEO: You Won't Be Rich Using a Rich Person's Tweets to Trade en.ethereumworldnews.com/…
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πŸ‘€︎ u/Crypto-Jim33
πŸ“…︎ Jun 05 2021
🚨︎ report
Binance is NOT banned in the UK, the FUD is deliberate. Merely market regulation notice for www.Binance.Uk site (not yet live) register.fca.org.uk/s/fir…
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πŸ‘€︎ u/___v0id___
πŸ“…︎ Jun 27 2021
🚨︎ report
Binance banned in Ontario

https://www.binance.com/en/support/announcement/ba03469c86f34546bd25faf414730733#

>Fellow Binancians,

>As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective 2021-06-26 at 3:59:59 AM (UTC). Regrettably, Binance can no longer continue to service Ontario-based users. Ontario-based users are advised to take immediate measures to close out all active positions by December 31, 2021.

>We apologize for any inconvenience caused.

>Thanks for your support!

Fuck this clown province

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πŸ‘€︎ u/triplemilk
πŸ“…︎ Jun 26 2021
🚨︎ report
Binance CEO, CZ, shades Elon Musk in tweet. - ''When you use electricity to run cars, it’s environmentally friendly. When you use electricity to run the most efficient financial networks in the world, it’s an environmental concern.'' coinquora.com/binance-ceo…
πŸ‘︎ 8k
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πŸ‘€︎ u/Patrick4649
πŸ“…︎ May 31 2021
🚨︎ report
Ontario becomes Restricted Jurisdiction - banned from multiple crypto Exchanges including Binance, KuCoin and others, Ontario Securities Crackdown

>β€œFellow Binancians, As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective 2021-06-26 at 3:59:59 AM (UTC). Regrettably, Binance can no longer continue to service Ontario-based users. Ontario-based users are advised to take immediate measures to close out all active positions by December 31, 2021. We apologize for any inconvenience caused. Thanks for your support! Binance Team 2021-06-25”

https://www.binance.com/en/support/announcement/ba03469c86f34546bd25faf414730733

>β€œOn June 7, the Ontario Securities Commission started an enforcement motion in opposition to crypto exchange Kucoin’s dad or mum firms, Mek Global and PhoenixFin, saying that Kucoin had been working in Ontario in defiance of Canadian securities legal guidelines.

>The OSC alleges that Kucoin had didn’t contact the regulator by April 19, the cutoff level for custodial crypto exchanges working in Canada to start compliance conversations underneath the nation’s new method, which requires them to register as securities exchanges or go away.”

https://thecryptodailynews.com/2021/06/kucoin-becomes-latest-crypto-exchange-hit-by-canadas-securities-law-crackdown/

I think others too. This is devastating and short sighted.

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πŸ‘€︎ u/Bamelin
πŸ“…︎ Jun 25 2021
🚨︎ report
How much doge are you holding? I made a video how to deposit and withdraw money on binance for people new to crypto, link jn comments.
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πŸ‘€︎ u/DogeIsMyPower
πŸ“…︎ Apr 18 2021
🚨︎ report
πŸš€ SafeRise πŸš€ Presale Tomorrow! πŸ‘€ Ground control to major Tom, SafeRise commencing engines on πŸ”₯ A NEW hyper deflationary token on the Binance smart chain. We have innovated a buyback burn feature within the contract, ensuring that even when others sell, we continue to Rise.

Are you anxiously searching reddit for the next token to ape in on with confidence? Let SafeRise take a moment of your time and show you exactly why you no longer need to keep scrolling and can invest here with confidence.

Why us? We are a team of Developers and enthusiasts, each uniquely suited to specific roles to ensure we have full mission control across all of the main functions that allow a project to launch and keep flight. Whether that is our primary contract writer, website designer to our marketing team and all of the moderators on standby, we are here to ensure we Rise safely to the moon and beyond.

What makes us unique? You not only benefit from 2% static rewards, but also through the the security knowing that every transaction adds to our buyback fuel, ready to ignite and continue our Rise. And yes, when we say ignite, we do mean it!! The buybacks are automatically burned, helping to further reduce supply.

βœ…6% of every transaction is added to the buyback fuel, and when used, will be automatically burned

βœ…2% is rewarded back to you, our fellow crewmembers who continue to hold strong on our journey

βœ…3% is added to marketing, to ensure we continue to attach the needed boosters for a successful flight

βœ…2% is added to liquidity, because who doesn't like seeing a nice pool of reserves, and of course, that liquidity is locked down secure and tight. πŸ”

πŸ”₯πŸ₯‡To ensure a smooth take off, we are taking the step of burning 50% of our initial supplyπŸ₯‡

We will be planning a presale for June 28th (18:00 GMT) with lots of marketing to kickoff prior. So please, do come onboard and join our telegram, where mission control currently awaits on standby to answer your questions and welcome you aboard SafeRise

πŸ”₯ Presale going live tomorrow! Come check out our telegram for more info

Giveaways all day!!

🌎 Website- https://saferise.xyz/

☎️ Telegram- https://t.me/SafeRiseCommunity

πŸ’Ž Twitter- https://twitter.co

πŸ“ƒ contract- https://bscscan.com/address/0x32aa800dae801c28143f834a03bf4579ee53b76d

πŸ‘︎ 223
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πŸ‘€︎ u/Vaqas1
πŸ“…︎ Jun 28 2021
🚨︎ report
Withdraw your Nano from Binance and I will pay the withdrawal fee

Binance is currently holding 29.41% of online voting weight which is dangerously close to the 33% required to stall the network.

Do your part to increase decentralization,

Withdraw your Nano from Binance and post your Nano address and I will pay you 0.01 Nano to cover the withdrawal fee

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πŸ‘€︎ u/noobnuggets2
πŸ“…︎ Jun 27 2021
🚨︎ report
πŸ”΄Did you know? KRAKEN was created in 2011 Coinbase was created in 2012 Huobi was created in 2013 OKEX was created in 2014 But a newbie called BINANCE came in 2017 and overtook all of them. I just want to let some people know that one day a new one called CRYPTONOMICS will Revolutionise the WORLD.
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πŸ‘€︎ u/TERRY_JUNIOR26
πŸ“…︎ Jun 27 2021
🚨︎ report
I built a trading algorithm that detects the most volatile coins on Binance and aims to buy before a potential mooning, other devs are helping making this into a web app.

This trading bot will automatically place trades on the Binance exchange by detecting the most volatile coins in a given timeframe.

The project gathered significant attention from the GitHub dev community, and have helped to make significant improvements to the original codebase, and I thought you guys might like it as well.

The code was built with customisability in mind, where each user can modify parameters like:

  • Define what % increase constitues a buy signal
  • Time elapsed between price checks
  • Trailing stop loss / take profit
  • Stop buying when the market is bearish

In addition to the core functionality, the algorithm is now able to receive and act on external signals which are fully customisable.

It uses data from Tradingview, and this returns buy signals according to the most relevant indicators. BY default if at least 18 out of 26 indicators agree that it's a good time to buy a certain coin, this will tell the bot to go buy that coin.

The bot also has a newly-implement pause functionality. It essentially analyses 15 moving average indicators and if half of them show that's a bearish market, the bot will not buy during this period.

You can also choose and pick any number of custom indicators from oscillators to moving averages and more. Those require a bit of coding, and I'm hoping to make it more user-friendly in the future but the core functionality is there.

If you're comfortable with Python and would like to inspect the source code please be my guest:

https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot

Otherwise, if you would like a more detailed guide, and want to try this out start here:

https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/

We're currently working on a roadmap to turn this into a working web-app, so there's no steep learning curve for anyone trying this out. You can follow the development progress on GitHub, or here as I will be posting updates on the progress.

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πŸ“…︎ May 31 2021
🚨︎ report
Which meme coins should Binance list next? [Poll]

Just half an hour ago (at the time of posting this), Binance on Twitter tweeted out stating that they didn't have any crypto listings last week so which coin should they list next. However, today is May 4th, and the Elon β€” The DogeFather is going LIVE on SNL in the next four days (May 8th), so, meme coins listing would make the next crypto listings ultimate fun!

So, which meme coins should Binance list next? Share your opinions on why should Binance should list it!

May the Crypto Force be with you!

P.S. The Reddit poll allows only six options, so if you have any other coins in consideration and want to request Binance to list them, please mention them in the comments.

View Poll

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πŸ‘€︎ u/0x0equals0
πŸ“…︎ May 04 2021
🚨︎ report
With #Liquidity_Lock #Anti_Rugpull #Holders_Reward. The Price will be stabilized and whale dump will be prevented. Together we will use #Magnitude + #Direction = to the #Moon #Bitcoin #Binance #BNB #GEM #DxSale #Pancakeswap #Alts #cryptocurrency https://t.co/64fq4ngkb1
πŸ‘︎ 934
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πŸ‘€︎ u/vectormoonBSC
πŸ“…︎ May 25 2021
🚨︎ report
Will Binance Confiscate My $1.2M in 24 hours?

PLEASE HELP WITH UPVOTES!

$1.2M AT RISK

US resident here that originally created a Binance account in 2017 which I had fully verified with KYC in 2018. I understand that US customers are no longer served and I have opened a fully verified Binance.US account.

However, when I went to withdraw/transfer my funds from Binance.com, I was given a notification that my account would be terminated in 48 hours and my withdrawal limits have been kicked down from 100 BTC to 2 BTC per 24 hours. If my account is terminated in 48 hours, this only leaves me with the ability to transfer 4 BTC out of 20+! How can I extend this timeline and salvage my funds?

After the 48 hours are expired, what will happen to the remaining balance since I am restricted to withdrawing only 2 BTC per day? It would take at least 10 days to get all my funds out -- not 48 hours!

I am in desperation mode! I have currently tried:

  • submitting a support ticket on Binance, only to have 1 person look at the issue and close it after saying everything looks good -- WHAT! I have currently reopened the support case 72236506
  • posting on Reddit (multiple threads and the weekly support thread)
  • messaging every mod on r/binance
  • posting on Twitter
  • DMing every C suite member I could find on Twitter + help desk from both Global and US versions of Binance
  • messaging every C Suite member I could find on LinkedIn

At a loss of what else can be done. Please help! I just want to transfer my funds to Binance US or my own wallet. I was not aware of the US restrictions as I had not logged into Binance in a few years.

CASE ID: 72236506

REFERRAL ID: 13291389

https://preview.redd.it/h7imcr4pr8z61.png?width=549&format=png&auto=webp&s=ae776fdc80e25cd172fe3631596a42fee33c3564

UPDATE: As of 21:27 Pacific Time on May 15, 2021, the funds have been successfully withdrawn! My deepest thanks goes out to this Reddit community, as it could not have been done without you guys! Thank you so very much--especially to all the people that reached out to genuinely help and work through various solutions. Thank you thank you thank you!

Details: After this thread blew up and gained enough attention for a mod to respond, I had a CS rep reach out on the Binance support chat to submit a request on my behalf to increase my withdrawal limits. Unfortunately, the ticket was then mistakenly closed out without my limits ever increasing. So, I went through

... keep reading on reddit ➑

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πŸ‘€︎ u/jkims15
πŸ“…︎ May 15 2021
🚨︎ report
Binance Withdrawal Fee Refund Bot - an experiment in helping with decentralisation

Following a suggestion recently for refunding binance withdrawal fees so that there are now no excuses not to withdraw your Nano I’ve built a bot that tracks the Binance hot wallet and when funds are withdrawn it sends a refund for your 0.01 Nano fee.

It’s definitely a bit rough but seems to work okay. If it runs out of Nano it will just wait to be topped up (but doesn’t backlog transactions, just works live)

Donations can be sent to https://nanolooker.com/account/nano_3qy83m11zyrefundgigei9hcp4p14nzxorccinhd7gn7nwdqac4wegnfs9ai

I’ll keep updating it as we go along and will upload code in the next day or two.

So what are you waiting for? It’s now free to withdraw from Binance (while funds last and the bot doesn’t break)

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πŸ‘€︎ u/jayycox
πŸ“…︎ Jun 30 2021
🚨︎ report
No, Binance isnt banned in the UK.

Binance isnt banned you morons... Jezus Christ... unbelievable how ppl can repeat themselves. Most reactions are hilarious and actually the reason people panic-selling after FUD. BINANCE ISNT BANNED!!

You can still buy and sell crypto. Only futures, deratives and leveraged shit is prohibited.

LEARN TO READ instead of repeating eachother.

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πŸ‘€︎ u/Kevin-Uxbridge
πŸ“…︎ Jun 27 2021
🚨︎ report
Me opening Binance this morning like...
πŸ‘︎ 748
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πŸ“…︎ Jun 28 2021
🚨︎ report
Move your funds off BINANCE ASAP

Im not saying move it to your cold or hot wallet. That is a generally known advice in the cryptoverse.

Im specifically saying MOVE IT OUT OF BINANCE AS FAST AS YOU CAN.

I understand everybody who wants to keep his funds on an exchange for several reasons.

To be trading. Just to have liquidity on an exchange for the case. Cause he trusts an exchange more then his own ability to store keys safely,... There are alot of reasons why people want to keep it their and that is all your personal decision.

But for the sake of Nano take it of Binance.

Binance has 29.5% of the voting weight.

they need just 3.5% more to reach a critical point which would alow them to block any Transfer of nano as they are pleased.

They could jsut block the complete network. Could block other exchanges from interacting with the network. Could target a specific adress for whatever reasons and block it.

It is very unlikely that they would do any of this so as it by all logic i can put to it would in the end just harm themselfe.

But cryptocurrencys are supposed to be trustless. When a single entitity with such a power exists then it is not trustles anymore.

So for Nanos sake. Put it all of Binance and dont move any more Nano to them.

Edit.: just 3.5% more is needed for binance not 4.5 as i first sait.

That makes it all even more ergent already

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πŸ‘€︎ u/gesocks
πŸ“…︎ Jun 28 2021
🚨︎ report
Binance, yes or no?
πŸ‘︎ 4k
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πŸ‘€︎ u/ssaturn22
πŸ“…︎ May 28 2021
🚨︎ report
Slam Token: The Amazon of Binance Smart ChainπŸ’Ž

Slam Token is a revolutionary ecosystem powered by a DeFi Casino 🎰 Advanced Charts App πŸ“ˆ Swap Platform. Slam Token has delivered 3 working products in just one month. All 3 of them have some amazing features that all the Binance Smart Chain traders will enjoy. We now call it SLAMAZONπŸš€

πŸ‘‰ 1) SLAM CHARTS

Slamcharts is a platform where you can track over 1000 Bsc tokens. Website and android version is already live. iOS version is under review and will be live very soon. It’s the first mobile app to track Bsc tokens.

πŸ”₯Get access to free charts for top Bsc tokens, with a super simple and unique design.

πŸ”₯Charts: Easily search & track the Bsc tokens

πŸ”₯Wallet Tracking: Keep track of 4 wallets simultaneously

πŸ”₯A Nifty Converter Tool: Calculate tokens worth in USD & crypto currencies

πŸ”₯ Whale radar: Add any tokens or whale wallets to your watchlist to receive push notifications for big buys/sells with the new β€œWhale Radar” feature

https://slamcharts.com/

https://play.google.com/store/apps/details?id=com.slamtoken.charts

πŸ‘‰2) SLAM VEGAS

Slam’s first casino game is a crash game, it has been live for over 1 month and the casino stats are just insane!

πŸ”₯Registered Users: 2.615

πŸ”₯Total Bets:1.631.048

πŸ”₯Leader player has won more than $50.000 so far.

πŸ”₯More than 30M USD wagered in one month

You can check rest of the stats here: https://slamcrash.com/stats

Devs announced that Slam Token signed a deal with Evolution Gaming (Which is arguably the biggest game provider) for slamvegas.com where they will have;

β€’ Blackjack (+Live)
β€’ Roulette (+Live)
β€’ Baccarat (+Live)
β€’ Slot Machines
β€’ Live Games (such as Crazy Time etc.)

For the closed and open beta phase of SlamVegas.com players will only be allowed to deposit and withdraw BNB(USD rate will be fixed) through the casino. They will be adding new tokens/coins starting with BTC, ETH, LTC and BCH as the platform grows.

Closed beta is now live for selected $SLAM holders only. Main launch will occur in the first week of July.

πŸ‘‰3) SLAM SWAP

Slamswap is basically simplified version of Pancakeswap. Over 1000 tokens -with logos- already added. Slamswap makes it really easy and simple to trade Bsc tokens, even for beginners. With β€œAuto Version Detection” feature, Slamswap will automatically dec

... keep reading on reddit ➑

πŸ‘︎ 1k
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πŸ‘€︎ u/Brandon_Jorda
πŸ“…︎ Jul 01 2021
🚨︎ report
Binance XMR withdrawal problems are back
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πŸ‘€︎ u/dr3ex
πŸ“…︎ Jun 30 2021
🚨︎ report
Tell us why you'll miss Binance.

CoinSmart, Toronto exchange, here. Tell us (and other Canadian exchanges) how you used Binance and what we have to develop to win you.

Did you rely on mobile app features? Certain product offerings? Deposit methods? Specific coins?

What stings the most to lose? Let's hear it.

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πŸ‘€︎ u/coinsmart
πŸ“…︎ Jun 30 2021
🚨︎ report
VET binance staking 5.47%

Looks like binance just launched staking for VET. Can get up to 5.47% locked for 60 days.

Edit: Thanks for the gold kind stranger! My first gold :)

πŸ‘︎ 542
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πŸ‘€︎ u/tazdingo91
πŸ“…︎ Jun 15 2021
🚨︎ report
Algorand connects Ethereum, Polkadot and Binance in world's first bridge by Yieldly

Yieldly, a DeFi platform built atop theΒ Algorand blockchain, today unveiled Yieldly Bridges a mechanism tying the Algorand ecosystem and major chains, including Ethereum, Polkadot, and Binance. The move brings Yieldly Bridges to an estimated 600,000 Ethereum users

As denoted by their name, technologies like Yieldly’s build bridges between blockchains, and in this case allows them to utilize the Algorand Protocol and Yieldly’s DeFi products. The process begins with an ERC20 bridge, which connects Algorand Standard Assets (ASA)-based tokens and the ERC-20 ecosystem. Also on the to-do list are more bridges for ASA native token holders which the platform hopes will drive liquidity and adoption

This bridge facilitates cross-chain staking for ASA, ERC-20,Β  BEP-2, and BEP-20, along with other emerging cryptocurrency protocols, including Polygon’s POLY standard. It will also be a fiat on/off-ramp. The bridge will also serve as a fiat on/off ramp, providing additional functionality for DeFi users.Β It will absorb YLDY in an ERC-20 wrapper which can then be transferred to Ethereum where it can be deployed in a number of ways.

β€œOur recent IDO with Trustswap really demonstrates that there is untapped demand for ETH holders to port tokens out of the Ethereum ecosystem and open up new opportunities in the broader DeFi sector,” Sebastian Quinn, cofounder of Yieldly, said. β€œIn addition, the vast majority of people from the IDO β€” around 80 per cent β€” have staked their Yieldly on our platform, showing it’s not just being held to sell later, but to be used on the platform.”

Source: https://www.crowdfundinsider.com/2021/06/176710-yieldly-bridges-ties-algorand-to-ethereum-polkadot-and-binance/

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πŸ‘€︎ u/AnthonyPerfetto
πŸ“…︎ Jun 17 2021
🚨︎ report
BNBTRIP is a community-driven BNB rewards token, fair-launching on Binance Smart Chain Friday 8pm UTC.

Welcome to the Trippy BNB rewards coin that gives you the ability to pull BNB rewards bi weekly!

How do we do this? There are three main functions which occur during each trade: Reflection, LP Acquisition, and Burn.

Now that's not all! $BNBTRIP brings these mechanisms to farming within the BSC ecosystem: Earn $BNB just by holding $BNBTRIP token. Check out our Tokenomics!

The SafeTrip Platform will have an Auto-Liquidity Farm with the $SAFETRIP farming token and the BNB rewards token $BNBTRIP farmable on Safetrip.app also!

$BNBTRIP is launching Teusday June 22th 7:30 Am UTC and $SAFETRIP farm shortly after. $BNBTRIP is a new Psychadelic BNB Rewards token!

Come join our Telegram channel now!

Telegram: t.me/Safetrip_app

Website: safetrip.app

Whitepaper: docs.safetrip.app

BNB TRIP Claim Dapp: https://dapp.safetrip.app/

Twitter: https://twitter.com/SafeTripCrypto

Medium: https://safetripcrypto.medium.com

We are working on some marketing pushes so come join us before launch and get in on the trip early!! Many more updates are coming soon!!!

πŸ‘︎ 539
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πŸ“…︎ Jun 17 2021
🚨︎ report
Polygon/Matic fees are about 900x cheaper than on Binance Smart Chain (BSC).

This was done a week or two ago. I was pretty surprised to see this myself.

>Polygon - $0.00003969

>BinanceChain - $0.0357

>Ethereum - $8.80

Here is a guide on setting up a MetaMask wallet for Polygon in case anyone is wondering how to do that.

Over the past couple of days I've been playing around with Polygon and am pretty impressed. It's very fast and very cheap. Still needs more platforms on it, which are consistently filtering in, but holds a lot of promise. Add in Arbitrum being released last week (?) and a slated opening to the public in the next few weeks and this may be the Layer 2 Summer-palooza. Pretty exciting.

Edit: there is a fantastic site that shows all the platforms at https://awesomepolygon.com - many more than I thought.

πŸ‘︎ 688
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πŸ‘€︎ u/pale_blue_dots
πŸ“…︎ Jun 09 2021
🚨︎ report
❗️BREAKING: Binance, the world’s largest crypto exchange, is under INVESTIGATION by the Justice Dept. & IRS under β€œMoney-Laundering” Probesβ—οΈπŸ’ŽπŸ™ŒπŸΌπŸš€πŸš€πŸš€ (Importance: it’s theorized β€˜they’ were pumping and dumping crypto to help hold off margin calls πŸ‘€)
πŸ‘︎ 7k
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πŸ‘€︎ u/PB2Tico
πŸ“…︎ May 13 2021
🚨︎ report
EXPLANATION: The recent crash was probably due to margin accounts having a cascading crash on Binance.

Degenerates on Binance with up to 150x leverage (borrowing Tethers to buy crypto) have been building up their margin account balances to big numbers, and when they make money, they double down, and build even bigger positions. Because they're degenerates.

But when the price dips below a certain point, some degenerates who have these margin accounts are suddenly below their maintenance limits, and they get liquidated. When they get liquidated, Binance will sell your crypto for Tether, and you are left with little to nothing.

So what happened? Crypto got sold, and Tether got bought. Because Crypto got sold, the price drops, which triggers more accounts, who thought they were safe, to dip below their margin maintenance requirements.

This creates a feedback cycle which basically ends in the liquidation of all the margin accounts. It all ends in a very fast, cascading crash like we just saw.

The bad news is the price is lower, but there's a silver lining. The good news is the market is in a healthier position after this. Most of the unsustainable degenerate margin accounts are probably gone. If we go up to $60k in the next week, it's not because of borrowing (as much). Going forward, at least for the near term, another event like this is not very likely.

The price we see right now could be thought of as being closer to the "real" price which we would have had without the degenerates.

TLDR: Fuck Binance

And fuck the rest of the exchanges with 150x leverage bullshit

EDIT: Some people wanted more evidence to support this theory, so I suggest you look at the price differences between the exchanges (Binance vs. Coinbase, for instance) during the crash. You'll notice the exchange with leverage was significantly lower in price, which suggests bots were arbitraging Coinbase down to match it. Additionally, note the Tether price during the crash, which went up to $1.05.

πŸ‘︎ 9k
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πŸ‘€︎ u/Fragsworth
πŸ“…︎ Apr 18 2021
🚨︎ report
Binance UK FUD - Let’s End This Here

There are lots of posts, threads and comments about Binance.com getting banned in the UK and many are worried that all your crypto assets will get lost/stolen, after seeing mainstream media post hundreds of articles about the ban.

Let’s clear this up.

Binance.com is not going anywhere for UK users.

The FCA notice means that Binance must stop offering regulated products to users in the Uk. Examples are like futures, options or leveraged trading.

It does not mean your crypto assets. The FCA clearly indicates it does not regulate crypto. Therefore, your crypto assets on Binance do not come under the so called β€˜Ban’.

All it means is that Binance Markets Ltd (the UK company set up by Binance) and Binance.UK is banned in a few days if it carries on to promote regulated products to Uk users. And NOT Binance.com

To give you an example, I could create a regulated ltd company in the UK within a day, and the FCA could ban it.BUT this would not apply to any non regulated activity I run.

So to those who are panicking, your crypto is safe (as safe as it can be on an exchange).

You can still buy, trade and exchange your coins on Binance.com.

If your still worried, move everything to a hardware wallet. Your keys, your crypto.

Keep expecting this kind of negative sentiment to keep coming out in the days, months, years and decades to come for crypto.

Please read the links. It’s clear as day.

https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group

https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance

https://twitter.com/binance/status/1409229415846981634

Don’t get fooled by the FUD.

Edit 1: Thank You for the award. Very kind of you.

Edit 2: Binance just clarified what I’m saying above :) See link above!

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πŸ‘€︎ u/delvo14827
πŸ“…︎ Jun 27 2021
🚨︎ report
Binance.us .. We need to do something..

After reading through all the support topics for Binance.US, and noticed not even a single ticket has been addressed. My ticket hasn't even gotten a "hello" for over 1.2 months.

For a multi-million dollar company, this is crazy. I've started aggregating data from Binance.us employees (https://www.linkedin.com/company/binance-us/people/). I really want to understand why it takes legal action just to get Binance to help support it's customers.

We really need to all stand together on this effort.. boycotting Binance.us . Throw them out of business, and not supporting these types of companies.

Edit: I WILL BE reaching out to Binance folks and get some answers. If you have an open ticket, can you add it to this excel doc? I want to make sure everybody upvoting get's their problem resolved.

https://docs.google.com/spreadsheets/d/1ZOE-bnvdgI6YvKMOSs5gfBO9UDh4kc2EsVj9CIvb4rs/edit?usp=sharing

πŸ‘︎ 458
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πŸ‘€︎ u/luisg707
πŸ“…︎ Jun 13 2021
🚨︎ report
Binance won’t let me go, what a$$holes
πŸ‘︎ 390
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πŸ‘€︎ u/gjsimeone
πŸ“…︎ Jun 25 2021
🚨︎ report
Weekly Binance Support Thread

Dear Binancians,

We use this weekly thread to consolidate any support questions or queries into one place.

We acknowledge that our customer support service levels aren’t good enough at the moment, and we’re doing everything we can to improve. We appreciate your patience and understanding.

Please keep in mind that we cannot provide official support through reddit. Our moderators can advise on common issues and potentially escalate the most important cases.

Click here for official Binance support.

Moderators and Binance staff will never ask for sensitive information on Reddit. The only information we need is your case ID.

-----------------------------------

How to post about your case

Follow this format:

  1. In this thread, you’ll see 6 top issues listed as pinned comments. Identify the category that best describes your issue.
  2. Reply to the relevant pinned comments with:
  • Your support case ID (please double-check your case ID is still valid before posting)
  • Description of your issue
  1. If your case gets resolved, please delete your comment. Or, at least update it to say resolved. This will help users that still need help get the attention they need. Thank you!

To get a case ID you must start a live chat with support. Click here, enter your question in the bottom chat box, click β€˜unsolved’ to join the live CS queue. The case ID will be shown on the top bar under β€˜Binance Support’.

-----------------------------------

  1. Fiat deposit & withdrawal
  • Fiat (not crypto) taking longer than expected to arrive in your bank/ Binance account.
  • Involves intermediaries such as bank transfer (SWIFT, ClearJunction, FPS, etc.) or buying crypto with credit/debit cards.
  • Note: It can take up to several working days for the money to be credited to your accounts. You can find more FAQ here

2. Crypto withdrawal suspended

  • You receive a message saying β€˜withdrawal suspended du
... keep reading on reddit ➑

πŸ‘︎ 52
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πŸ‘€︎ u/Binance
πŸ“…︎ Jun 15 2021
🚨︎ report
Financial watchdog bans crypto exchange Binance from UK amp.ft.com/content/8bc0e5…
πŸ‘︎ 203
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πŸ“…︎ Jun 27 2021
🚨︎ report
Binance slapped by the FCA. Now what?

>FCA ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, saying the firm lacked authorization.

https://www.reuters.com/article/binance-uk/financial-watchdog-orders-crypto-exchange-binance-to-stop-regulated-activities-in-uk-idUSL2N2O907S

What does this mean for people using this - and other - unregulated crypto platforms?

πŸ‘︎ 186
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πŸ‘€︎ u/edent
πŸ“…︎ Jun 27 2021
🚨︎ report
No more binance in Ontario Canada.

Binance has announced that Ontario, Canada has become a restricted jurisdiction. And asks users to close the position by year end.

Considering 40% of Canadian population stay in Ontario this is gonna be really bad for binance and crypto all together.

I am in ottawa and this makes me hate Ontario. Along with all gyms, saloons closed and now this.

Is the whole canada next?

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πŸ‘€︎ u/redgundu
πŸ“…︎ Jun 27 2021
🚨︎ report
Binance.US has NOT let me make a deposit in the last 5 days, so I opened a Crypto.com account today and was finally able to buy the dip!
πŸ‘︎ 338
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πŸ“…︎ Jun 26 2021
🚨︎ report
πŸ”₯πŸ”₯ We are officially in first place in the Binance Community FB Poll!! Good work to everyone who voted! πŸ”₯πŸ”₯
πŸ‘︎ 458
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πŸ‘€︎ u/HEV3
πŸ“…︎ Jun 24 2021
🚨︎ report
Reminder to withdraw your Nano from exchanges (especially Binance), otherwise the network is less secure and less decentralized than it should be twitter.com/apollo_river/…
πŸ‘︎ 454
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πŸ‘€︎ u/Qwahzi
πŸ“…︎ Jun 22 2021
🚨︎ report
GUYS!!!! We're on the front page of the Binance mobile app!!!!! Let's goooooo πŸš€πŸš€
πŸ‘︎ 3k
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πŸ“…︎ May 12 2021
🚨︎ report
You can continue to trade in Ontario until more info is given. Chat with binance customer service
πŸ‘︎ 151
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πŸ‘€︎ u/NoBreaks11
πŸ“…︎ Jun 26 2021
🚨︎ report
Binance have suspended Canadian FIAT withdrawals /r/binance/comments/oakbp…
πŸ‘︎ 184
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πŸ‘€︎ u/spookmann
πŸ“…︎ Jun 30 2021
🚨︎ report
What's next for UltraSafe? The safest token on the Binance Smart Chain, $7M Marketcap

With the market showing a hint of revovery, ULTRA is looking primed for a nice pump. Many whales are already starting to accumulate more ULTRA at these dirt cheap prices.

Marketing is slowly being accelerated, and CeX listings are getting closer and closer. In the past couple of weeks we've seen Ultra mentioned by TikTok and Youtube influencers and even in multiple MSM publications. More influencers are on the way and more marketing methods are being explored for further expansion, including Social Media Advertising such as FB ads.

On the technical side, there are a lot of things in development that are getting closer to release, such as a staking dApp and a unique NFT marketplace. As we're getting closer to 50k holders, we're also getting closer to the inception of Project Titanium Ice, which the devs are teasing to be HUGE! Website V3 has just been released and it's looking beautiful, you can check it out below.

UltraSafe lives up to its name of being Ultra Safe. The devs are doxxed, and the token has already been audited twice, once by Solidity Finance and once by CertiK, where it was deemed to be safer than even SafeMoon!

Join the community:

Website: https://ultrasafe.finance/

Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a

Telegram: https://t.me/UltraSafeOfficial

Reddit: https://www.reddit.com/r/Ultrasafe/

πŸ‘︎ 578
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πŸ“…︎ Jun 24 2021
🚨︎ report
VAIN - Make the world a better and greener place | Team doxπŸ“· | SWAP | WhiteBit listing coming | VAIN app BSC Token Vain is a complete package upon launch. A community-driven, deflationary project on the Binance Smart Chain that’s going to make the world a better and greener place. βœ…

We can hear you think, how can a token change the world? One simple answer, by planting trees. Now you must think, aren’t there other coins that already do this? Yes, the more the better. One thing that separates Vain from other coins is the marketing that will be applied. Not only that, what their team has in store for their V2 overhaul is incredible, it will make a lot of people who don’t even care about trees like this project.

Vain has an amazing team working on it, they’re fully doxed as well! Their website looks stunning, they’re interactive with the community and listen to feedback.

A whitepaper was published before the launch and much more.

This team is no ordinary team, they’ve got the most sharpest minds, modern tactics and strategies to make sure Vain will reach above a hundred million market cap.

The tokenomics: Total Supply : 1,000,000,000,000,000: 65% Circulation ( Lock proof: https://dxsale.app/app/pages/dxlockview?id=0&add=0xC848F00fD73A53B00Ba7fBb1Fd18F85eEF886930&type=lplock&chain=BSC ) :

β€’ 30% Burned

β€’ 5% Team 10% transaction tax:

β€’ 5% Distributed back to holders

β€’ 5% Transfered back to the liquidity

βœ… Audited (https://dessertswap.finance/audits/Vain%20BEP-20%20Audit%208702848.pdf)

βœ…Team dox

βœ…Amazing team

βœ…Fair launch

βœ…Whitepaper

βœ…Great community

βœ…Agreement with trees.org before launch !

βœ…Exchange swap coming soon ! Links: https://t.me/vaintoken https://vaintoken.com

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πŸ‘€︎ u/bricolajfj
πŸ“…︎ Jun 29 2021
🚨︎ report
Screw it’s. We in it. Sold all my coins on Binance and after a long day of converting them, I’m all in. #TooTheMoon #ShibaArmy #JustLikeTheCoinbaseGuy
πŸ‘︎ 481
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πŸ‘€︎ u/SnooShortcuts5761
πŸ“…︎ Jun 19 2021
🚨︎ report
How crypto could change the world: from replacing Binance to getting rid of NestlΓ©.

Given how early in the Rogers Adoption Curve for Crypto we are, I would like to take a moment so we can just imagine what this technological revolution, which I consider is the next huge step for human kind, could bring. I will emphasize some socioeconomic implications of descentralization, but I`m mostly interested in listening to, and debating your inputs.

Blockchain and Crypto Currency are here to change the world forever.

The implications of descentralization

As you may know one of the core proposals of blockchain is decentralization, and with it we can optimize so many processes that this alone could be the revolution we are talking about. By eliminating intermediaries, we can save on the cost they add to the supply chain ensuring those that create the value, keep it. Or we can simply save on fees.

To quote the man himself:

Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. – Vitalik Buterin.

To put it simply, imagine that you replace Binance (a centralized company) with a robot. A robot that you have programed so well, whose code you publicly audit, and that is so safe you can trust it with billions of dollars in liquidity pools, so it proceeds to host and operate the trading platform by itself. In case you didn’t know, this is already a reality! Many people here trade on those platforms on a daily basis.

But this goes beyond replacing Centralized Exchanges with Automated Market Makers, Airbnb with a blockchain DApp that connects landlords and costumers, or even banks with complex smart contracts that allow you to borrow, save, tokenize physical assets, and so on. This goes way beyond.

Here is where I start to fantasize of the future. Think about replacing capital itself, think about getting rid of corporations. Lets dream of a world with DAOs massive adoption.

With DeFi, we may no longer need a company like Nestlé…

And specially not their investors. Of course, you will still need the people administrating, planning, monitoring, generating new ideas that adapt to their context, and creating innovative solutions f

... keep reading on reddit ➑

πŸ‘︎ 1k
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πŸ‘€︎ u/chomskian1
πŸ“…︎ May 27 2021
🚨︎ report
Binance just announced they can no longer continue to service Ontario-based users as Ontario has become a restricted jurisdiction

> Fellow Binancians,

> As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective 2021-06-26 at 3:59:59 AM (UTC). Regrettably, Binance can no longer continue to service Ontario-based users. Ontario-based users are advised to take immediate measures to close out all active positions by December 31, 2021.

> We apologize for any inconvenience caused.

> Thanks for your support!

> Binance Team

https://www.binance.com/en/support/announcement/ba03469c86f34546bd25faf414730733

πŸ‘︎ 239
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πŸ‘€︎ u/Sunjot
πŸ“…︎ Jun 25 2021
🚨︎ report
Weekly Binance Support Thread

Dear Binancians,

We use this weekly thread to consolidate any support questions or queries into one place.

We acknowledge that our customer support service levels aren’t good enough at the moment, and we’re doing everything we can to improve. We appreciate your patience and understanding.

Please keep in mind that we cannot provide official support through reddit. Our moderators can advise on common issues and potentially escalate the most important cases.

Click here for official Binance support.

Moderators and Binance staff will never ask for sensitive information on Reddit. The only information we need is your case ID.

-----------------------------------

How to post about your case

Follow this format:

  1. In this thread, you’ll see 6 top issues listed as pinned comments. Identify the category that best describes your issue.
  2. Reply to the relevant pinned comments with:
  • Your support case ID (please double-check your case ID is still valid before posting)
  • Description of your issue
  1. If your case gets resolved, please delete your comment. Or, at least update it to say resolved. This will help users that still need help get the attention they need. Thank you!

To get a case ID you must start a live chat with support. Click here, enter your question in the bottom chat box, click β€˜unsolved’ to join the live CS queue. The case ID will be shown on the top bar under β€˜Binance Support’.

-----------------------------------

Issues 1-5 are for .com users. If you’re referring to Binance.us, please leave your case ID under #6

  1. Fiat deposit & withdrawal
  • Fiat (not crypto) taking longer than expected to arrive in your bank/ Binance account.
  • Involves intermediaries such as bank transfer (SWIFT, ClearJunction, FPS, etc.) or buying crypto with credit/debit cards.
  • Note: It can take up to several working days for the money to be credited to your accounts. [You can find more FAQ here](https://twitter.com/BinanceHelpDesk/status/139177663
... keep reading on reddit ➑

πŸ‘︎ 86
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πŸ‘€︎ u/Binance
πŸ“…︎ Jun 01 2021
🚨︎ report
Binance.com suspended debit card and Faster Payments deposits and withdrawals

For UK clients.

https://www.reddit.com/r/binance/comments/oa30dc/uk_users_faster_payments_and_debit_card_deposit/

https://www.reddit.com/r/binance/comments/oa1po8/should_i_take_my_money_out_of_binance/h3esi01/

πŸ‘︎ 131
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πŸ‘€︎ u/the_tourniquet
πŸ“…︎ Jun 29 2021
🚨︎ report

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