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What is Binance (BNB) in a Nutshell [updated]

961 ratings | 62490 views
Binance is a Chinese digital asset exchange that is getting a lot of attention recently. In this episode talk about the exchange itself, its business strategy and uses for the Binance Coin (BNB). 0:30 Binance Exchange 1:55 Trade Volumes 2:35 Trade Capacity 3:00 "Pro" mode user interface 4:50 Binance and Chinese ICOs 7:23 Binance Coin (BNB) Whitepaper: https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf Use code "6bXKwD" and get 3% off every purchase on Genesis Mining! https://www.genesis-mining.com/a/287920 🤑 ♨️Social: http://boxmining.com Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining 🤑 Buy Bitcoin: https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87 💰 Secure your Crypto with Hardware Wallets: Ledger: https://www.ledgerwallet.com/r/428b Trezor: https://trezor.io/?a=6xd5fhdqqjng 💪Donations: Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz Ethereum: https://etherscan.io/address/0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a DASH: XcAREQEEunvv6rJza9LKDzdyjZ1BwBN2iK Litecoin: LXeXUr2Hr3ePgHb9aDjr4QdqA4DPXoTarU NEM: ND6WRNN2W2AZLON65EGI3Y46M4TWP3HNKSB4BGW2 Decred: DsgsSqYF2oSZ5MJeoqiEMyeJdWhdvWk8A4s Byteball: FSLKOZBIO37AUVGWCWO6PLO455W2UYDV 👩🏻‍🚀 Save on Amazon with Purse.io https://purse.io/?_r=Fxj40g 💱Software Wallet: Windows/Mac/linux: http://exodus.io
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Text Comments (213)
Oraz Berdiyev (6 days ago)
Binance is a Chinese digital asset exchange that is getting a lot of attention recently. In this episode talk about the exchange itself, its business strategy and uses for the Binance Coin (BNB). GOOD OK
Thanks for the vidoe mate
VALOS TV (6 days ago)
I switched to Binance from Bittrex after learning the price quote for NEO/BTC is always better/cheaper and the tranfer fee is 0 Binance is easy to trade on! I like how they're building a whole new eco system where BNB is used for ICO's! I just bought in on TRON Ice with my BNB. BNB is one of the most promising coins :) 2
SMOKERFIGHTS MMA (18 days ago)
a new exchange will come something like binance and would need your review.
George Ratel (3 months ago)
Binance referal code www.binance.com/?ref=11971619 11971619
Piyola TV (3 months ago)
guys use my referral pls. I will pray for you https://www.binance.com/?ref=26521695.
Atlantis Exists (4 months ago)
do you read all you got to say fahggot
amir sh (4 months ago)
Please use the referral link to sign up https://www.binance.com/?ref=19916076
FrekinKanoe (4 months ago)
https://www.binance.com/?ref=12706090
Stephen Cooper (4 months ago)
Join Binance today =. Link: https://www.binance.com/?ref=25636609
Karl P (4 months ago)
CoinMetro will be better, more in order with regulations, fiat, lifetime discount, ETFs etc
Tanase Bogdan (4 months ago)
You will get up to 50% of all the fees your referrals generate at upcoin.com! http://upcoin.com/?ID=c2e8a875
Tauw heed (4 months ago)
Title should be 'Binanace is a complete rip off in a ntshell'. This exchange has good options to trade various currencies. At the same time, Binance is a complete 'RIP OFF'. You buy, pay fees, you sell, pay fees. Certainly when you withdraw, you pay hefty. Well, it still ok for some. What is most annoying is, you can not trade your leftover known as dust. I have more than $35 stucked in there. Nothing can be done. Some currencies can be exchanged against BNB, but most not. This way BInance is using your capital (in Millions) for their own gain. How is it better than a bank? Today I got really fed up. All exchanges are making huge profits in a very short span of time. But THIS IS UNETHICAL. Basically, 'A Digital Bank' that suck your bloods.
Bullish Buffalo (4 months ago)
Great Token , we can see from your video that the supply decreased , effectively burnt. Great product backing the BNB token (the best exchange) and as a bonus always nice to have 50% discount on fees
OpenVisionz (4 months ago)
We need a binance update I wish you could do a weekly binance video with updates and news reports
Videos4everyone (5 months ago)
Hey guys, if you are looking for a good video for registering on Binance Check this out https://youtu.be/cO8t8XNSxXQ
Kobus Du Plessis (5 months ago)
Binance is accepting new applications. GO CHECK IT OUT!!! :) https://www.binance.com/?ref=20036581
Crypto Info (5 months ago)
Open Account Now for Free: https://www.binance.com/?ref=15636911
Roux Beukes (5 months ago)
Buy Tron cryptocurrency on binance using my referral! :) Already up 90% today! https://www.binance.com/?ref=19330179
jayke (5 months ago)
https://www.binance.com/?ref=15210657 :)
this guy right here (5 months ago)
Sign up for binance here- https://www.binance.com/?ref=21631910
rosmer00 (5 months ago)
I fear Binance is a horrpr story waiting to happen, a new exchange goes to the top trading volume in a few months... And has never been hacked..yet. Im staying away from it.
Robby Wench (5 months ago)
Great exchange to use to trade bitcoins & alt-coins etc. https://www.binance.com/?ref=20261908
Magic11 (5 months ago)
Can you make a video on BNB coin and how to avoid those absurd withdrawal fees? I still don't receive any discount although I hold BNB in my account. This is crazy absurd IMO
Anthony Duncalf (5 months ago)
Binance was the only site that i could buy crypto without having to verify my id. Bitstamp still haven't verified my account after 2 weeks. I'm glad it turned out this way because by the looks of it Binance is the best exchange.
Anthony Duncalf (5 months ago)
Yes i was using it before i sent my id in. in your account it will tell you that you have a 2BTC a day withdrawal limit.
umaima siddiqui (5 months ago)
hey i just wanted to ask I made an account on Binance but have'nt done with verification process, did you buy and sell BTC on binance without completing your verification procedure ? would this be ok ?
Oso Uptown (5 months ago)
Binance 🍾🇺🇸🇺🇸coin 📈📆0x84d8993b0d6db4c5dabb62a1e7e935a57ff0d0b0 👌🏽🎯
John Macoughing (5 months ago)
Look how far Binance has come.
Maxwell Muscat (5 months ago)
$2.37 then, $22 right now, gains
Eddie Luchford (5 months ago)
Binance just re opened registrations and for a limited time. I highly recommend you make an account if you haven’t already got one as who knows when you will be able to sign up again (Binance accounts were so in demand yesterday that they were selling for 0.5BTC!). Best exchange out there, has all the main coins and even if you are just starting to get involved in crypto and don’t feel comfortable using exchanges yet it is worth signing up because if you are here to stay you will need this exchange at some point! https://www.binance.com/?ref=10800638 (Sign up through this link and get 50% off trading fees as well!)
twayyib Pk (5 months ago)
www.binance.com/?ref=16669370
Benj Milson (5 months ago)
How will binance re opening registrations effect bnbs price?
tychoBrahe1546 (5 months ago)
great info
Rochelle Douglass (5 months ago)
I have been having BIG Problems with Binance! I started using Binance on December 5th, at 1st everything was great. But... in the last 2 weeks my coin has been disappearing. 22 days ago I put a buy order in for mana and the order canceled and the funds disappeared. Trade History Record: 12-13 03:19:02 MANA/ETH Limit Buy -- 0.00015600 -- 301.00 -- -- Canceled PLEASE put my ETH back in my account 17 days ago I have read all of the possible links to get an answer to why my ETH disappeared. But none of them were of any help! PLEASE! put my into my 301. ETH back into my account. At first when I tried to buy the MANA it looked like the trade went through, then a couple days latter I came back to check my account and it said it had canceled and my ETH was Missing. I enjoy using this trading platform but if this sort of thing is going to happen and then go without being fixed, then I will have no choice but to use another exchange. This was a trial run, I have my beneficiary IRA that I'm planning to invest. Which may not be a lot to some but is a lot to me and my family. I have been telling everyone I know to invest in Crypto-currencies and to use Binance. I have been a huge supporter to your exchange. Please do not prove me wrong, I know that bad things can happen, but that is when a good company will take a loss if they have to in order to keep the name of the business from getting a bad wrap. PLEASE PUT MY ETH BACK IN MY ACCOUNT THANK YOU =D Trade History: 12-13 03:19:02 MANA/ETH Limit Buy -- 0.00015600 -- 301.00 -- -- Canceled 9 days ago This is my 3rd Email to you about this problem, I tried going on Telegram, only to see a lot of other people with similar issues and not much support responces. Is there a way to recover this ETH coin? PROBLEM: I made a trade that was canceled and my ETH was not returned to my account Trade History: Canceled 12-13 03:19:02 MANA/ETH Limit Buy -- 0.00015600 -- 301.00 -- -- Thank you for help in this matter, Rochelle This request is closed for comments. You can create a follow-up. Requester rochellez Created December 29, 2017 00:41 Last activity Friday at 01:16 Id #293267 Status solved Binance Account Email [email protected] Sooooo.... Basically, they are not returning my coin and don't seem to care! Today I found out... I saw this responce from binance regarding a new claim using POET... 3 days ago I have 810 coin in POE/ETH why cant I sell them? The Basic and Advance trading is not working, will not allow me to sell! This is the second problem I have now had and I still haven't received any information on my 1st problem, with missing ETH. Trade History: 12-29 18:35:00 POE/ETH Limit Buy 0.00008000 0.00008000 810.00 810.00 0.06480000 ETH -- Filled 12-13 03:19:02 MANA/ETH Limit Buy -- 0.00015600 -- 301.00 -- -- Canceled ( ETH did not go back into my ETH wallet ) Avatar JP/BE-Robbe 2 hours ago Hello, If you place a limit order then the order will not fill until the market price matches the limit price that you set. You can either wait for this, or you can cancel the order. You can have a look at this site for more information on the different kinds of orders: http://tradebeginner.com/limit-order-vs-market-order/ I hope this clears things up for you. Thank you for your continued patronage. This was not True! I have a copy of my order history, soo I go look through my order history and now it has magically disappeared. Sooo I sent another email to Binace. 1 hour ago This is a follow-up to your previous request #389803 "POE" I am highly UPSET!!! I purchased POE on 12-29 18:35:00 POE/ETH Limit Buy 0.00008000 0.00008000 810.00 810.00 0.06480000 ETH -- Filled I copied this information from your service on the day I created my ticket. Now conveniently my trade information has been erased. I never sold my POE bought with my ETH. I tried to sell it but your service would not let me! Now its just GONE!!!!! What is going on????? 1st my ETH / MANA went missing now this! Please fix these problems This request is closed for comments. You can create a follow-up. Basically they dont care! I had a lot of different coin on Binance, I am consolidating and getting ready to get out. I'm writing this post to share my experience, I let others no to be careful!
Omar Lozada (5 months ago)
Gracias
Aaron Evans (5 months ago)
bnb coin going to 300$ IN 10 WEEKS BINANCE COIN,NO STOPPING 2000% IN LAST Month LOOK
Silverstone (5 months ago)
Binnance is stealing funds at the point sell. I sold FUN at 0.00017900 eth and in my order history it showed I sold for 0.00017278. I traded 99,900 whith was a loss of 600$ US
Jean-Francois Simard (5 months ago)
10 Billion Volume 24h these days.
Tom Klemesrud (5 months ago)
It's hard for an American to use because it rarely shows the values in dollar form. .0003418 is hard to calculate. Why can't the computer do that?
Tom Klemesrud (5 months ago)
bINANCE BARELY WORKS HERE IN TEXAS. IT IS OVERLOADED.
Bruno De Vreese (5 months ago)
https://www.binance.com/?ref=15667670
Luxury Channel (5 months ago)
You can buy Bitcoin / Ethereum / Litecoin Here on Coinbase: https://www.coinbase.com/join/5a21527dc4dd400125a21253 And sign up for Binance Exchange Here: www.binance.com/?ref=15076135 Once you buys or sells $100 of digital currency or more, you will get $10 of free bitcoin. STEPIUM - Project to make money on cryptocurrency Ethereum: www.stepium.us
Mat Black (5 months ago)
Binance is the best Crypto Exchange in the world! Use this link to get discount on your trading. https://www.binance.com/?ref=11139817
KAY YU (5 months ago)
Is there any way to buy Binance stocks in USA?
rip gains (5 months ago)
Thanks for the info! It was put in a way anyone can understand~
rip gains (5 months ago)
just looking at xrp in this video makes me cringe I wish I got in earlier :c
Andy Raman (5 months ago)
Sir what do you think about Binance safety like coinbase is very safe
Mihail Kostadinov (5 months ago)
QSP is having a blast now !!
Martin Araya (5 months ago)
I would like to know more about Binance
Vann & Ferl (5 months ago)
You can use my referral link. ⬇⬇ https://www.binance.com/?ref=15105516
Javier Limjw (5 months ago)
Great video! Any Vietnamese here? How do I deposit BTC/ETH into Binance? PS: I'm new and no wallet yet. Need help on which wallet to get for a newbie like me at $500 or less in Vietnam? Help me please.
Nico Hovanesian (5 months ago)
Javier Limjw i use blockchain check it out
G (5 months ago)
So far so good 👍
Marco 1547 (5 months ago)
10 bucks NOW
Joseph Bunton (5 months ago)
I love your videos because you explain everything to the lay person succinctly and with great detail. You have a way of summarizing in a simple way. Regarding Binance, I used CoinBase until I learned GDAX was cheaper. When moving to Alt coins, I used Bittrex, until a few days ago, because I wanted to buy something that BITTREX did not carry. Conclusion: BINANCE is ten times faster and more easy to use than BITTREX. THANKS, again, for the good analysis.
Boxmining (5 months ago)
awesome!
Heshil Mohanlal (5 months ago)
Full review/guide on Binance - http://jcex.co.za/binance-review/
Chris Vlad (5 months ago)
Can you do a video on CloudCoin? Thank you.
Ceng Kahyaoğlu (5 months ago)
Thanks for the vidoe mate. Is BNB minable ?
Ryan Simeone (5 months ago)
https://www.binance.com/?ref=12615689
Tulip Coin (5 months ago)
Or you could support the development of the Tulip coin and register using my link ;) www.binance.com/?ref=13955911
Would it be dangerous to trade on Binance from the US? If that firewall goes up, won't I lose access?
Thomas Davis (5 months ago)
OK AT 1:10 YOU SAID WE ARE NOT ALLOWED TO USED THE US DOLLAR TO BUY ANYTHING ON THE BINANCE EXCHANGE. I THINK THIS ANSWERS MY QUESTION. ??BELOW/PREVIOUS COMMENT. ??
Thomas Davis (5 months ago)
HOW DO I BUY WITH MY DEBIT CARD BNB COIN ON BINANCE. I AM ALREADY REGISTERED WITH BINANCE. CAN I BUY THE BNB COIN ON THE BINANCE SITE. IF YOU/I CAN. HOW DO YOU DO IT? PLEASE HELP. NO ONE IS ANSWERING THIS QUESTION SO FAR........
Anthony Webb (5 months ago)
Do you have a referral ID?
Aston Bright (5 months ago)
What does "In Use" mean in Binance?
ANDRE CHEMAS CELIS (5 months ago)
Hey Mike, I know its and old video for you, I am new to the crypto world, I have a question: I noticed sending BTC from my blockchain wallet to binance cost me almost 40 usd in fees, my question is, can I send some BTC from my btc balance on binance to another user or does it only work for withdrawing back to wallets like blockchain or coincase? Much appreciate your input and congrats on the hard work, uve been very helpful to me. regards,
Fatal Fury (5 months ago)
Did someone whithdraw what are the whitdraw fees pls?
Fatal Fury (5 months ago)
im holding BNB
godwin appiah (5 months ago)
Do u think it's ok for people in Africa to use the binance platform to trade crypto since they are disconnected from Fiat currency
242 098 (5 months ago)
OpenANX is not a China coin. It's a Hong Kong coin.
Hello! Your videos are very informative. I have a question please: Binance is Chinese, isn't this very risky since we know that the Chinese government could just shut it down as it did in 2013?
Kamlesh bisht (6 months ago)
Signup with binance get 0% transaction fee if you use it with BNB. Signup using this link https://www.binance.com/register.html?ref=12036761
Jeffrey Cave (6 months ago)
Smart business move to create BNB token and allow users to actually spend the token in order to reduce their fees. BNB will grow exponentially, I'm in. I have just begun my crypto journey and have traded on COINBASE and GDAX, I really like the feel of GDAX and the fees are reasonable, but that being said, selection of altcoins is limited. I have dipped a toe into the BINANCE waters and am getting ready to dive in headfirst.
BigRay (6 months ago)
Great video, I really like this exchange. For those who think about registering on Binance - this link is my referral link. There’s a little bonus for both of us if you use it. https://www.binance.com/?ref=11585055 Unfortunately can't say that it's any more special than others, but it's no worse, so if you’re looking for one, why not use mine? :) Thanks!
Judge Judy (6 months ago)
For Anyone that's looking to sign up to Bianance, it has a lot of different coins to exchange and haven't had any issues with payments or buys and sells! You can also send bitcoin to Binance to buy other coins! Use this code to get a bonus when you sign up! https://www.binance.com/?ref=12375277 This channel will have some videos coming up! I've already quadrupled my money in less than 4 days, don't miss out!
Gh0st G0D (6 months ago)
yea this is the new shit
Henry Bridges (6 months ago)
Would it be worth investing in binance coin- i mean after 5 years it will have no discount value so what else would it be used for except as gas?
Reynar4253 (6 months ago)
It it said that using this referral link https://www.binance.com/?ref=11031933 will provide you with good fortune and wise thoughts when trading. This referral link was hand made by tibetan monks with threads made of pure BitCoin data. It may just be a myth. But it may as well be a reality. Only Cthulhu knows. You have nothing to lose so try it today! https://www.binance.com/?ref=11031933 Thank you :)
Steven smith (6 months ago)
50% off Binance Fees currently offered so thats my incentive. https://youtu.be/uRtIqe6PnAM
Tipfeya (6 months ago)
Thanks for information. I use Binance also. So far so good. Love it !They have a lot of interesting+Hot coin to trade here. Binance Get a 50% Fee Discount also!: https://www.binance.com/?ref=10226902
thewhitebrazilian (6 months ago)
Binance is charging me a 50% withdrawal rate on BTC. This website is a scam
Fatal Fury (5 months ago)
did you try eth ?
Dori brend (6 months ago)
more than 5 days waiting to withdraw iota on my wallet!! well the binance right now is on ((((((((Network Congestion, Withdrawl Suspend))))) 352 people are right now requesting their funds money from binance.. they do not have customer service at all!!
CrackResearchTeam CRT (6 months ago)
If you are interested in buying coin from Binance. Use my affiliate link, We both win! https://www.binance.com/?ref=11798323
Thang Ngo (6 months ago)
2017 DEAL sign up to get 1000 pre ico coins FREE Sign up here: https://www.binance.com/?ref=12089592
PROMOTED AD (6 months ago)
2017 DEAL sign up to get 1000 pre ico coins FREE https://www.binance.com/?ref=11063115
Mirror Mirror Media (6 months ago)
I can't login right now grrrrrrrrrrrrr
Arb Trader (6 months ago)
Always one guy saying FRAUD on every coin review. I use BNB all the time, works great and the exchange is really easy to use.
Curtis Kimmley (6 months ago)
Seems it is under priced compared to many of the top 50 coins. One of the few coins that has a practical usage and isn't a project. Plus it is tied to one of the largest cypto exchanges in the world. Got my vote.
Sowapa Chaiyarak (6 months ago)
Thanks for information. I use Binance Exchange also. So far so good. Love it !They have a tons of promising coin to trade. Great Platform. High Liquidity, Low fees. Binance Get a 50% Fee Discount also: https://www.binance.com/?ref=10226902
Imitiazuddin Mohammed (6 months ago)
Wanna sign up for binance click - https://www.binance.com/?ref=10890667 New coins added daily and lot of profits.
santy33143 (6 months ago)
BNB is a FRAUD. THEY ARE TRICKING OTHER PEOPLE TO BUY BNB - DO NOT BUY BNB IT IS FRAUD DIRECT FROM CHINA
santy33143 (5 months ago)
IRPROFFESIONAL Fuck of with your fucking China cheats.... You shit sucksssss cheap copy cat
potatolover (5 months ago)
fk u
ZoTrAcK (6 months ago)
I just used one of your code guys to register on Binance so here's my code for the next kinded soul who register there: 11281853
Abd elrahman Mohamed (6 months ago)
use that referral id to sign up for free BTC 11277023
Nehuen Mac Allister (6 months ago)
seems exchanges issuing their tokens as fees discount is really fashionable, atm. I invested in DTR (tokens.net / Bittrex) ico, looks good but they answered an email to me and it looked really unprofessional the way it was written, would love to hear your word on this one
Kendric Ng (6 months ago)
Binance is HQ-ed in Shanghai, but it's incorporated in Hong Kong and its servers are in South Korea and Japan. So I don't think the Great Firewall will affect these three locations.
Joshua Lipschitz (6 months ago)
HI there BoxMining, I have been super impressed with your videos ;) You are knowledgeable and super passionate about Cryptotrading..I am experiencing issues across 3 main exchanges BITSTAMP (with ID verification), COINBASE (with the majority of my transactions being cancelled), & Bittrex .... well they appear to be SLOW! Could you/anyone tell me if Coinbase is cancelling transactions acdross the board - my banks tell me it's not from their side. Super disappointed & desperate to trade BTC before it hits $10K.
JOHN DOE (6 months ago)
Best vids this guy.
Paul Griswold (7 months ago)
https://www.binance.com/?ref=10510517 of amupme is first starting out, i could really use the sujpport since I'm just starting out.. loved the video
Reynar4253 (7 months ago)
It it said that using this referral link https://www.binance.com/?ref=11031933 will provide you with good fortune and wise thoughts when trading. This referral link was hand made by tibetan monks with threads made of pure BitCoin data. It may just be a myth. But it may as well be a reality. Only Cthulhu knows. You have nothing to lose so try it today! https://www.binance.com/?ref=11031933 Thank you :)
coley1555 (7 months ago)
Best exchange I've used so far (out of 5) and has a slick android app too. Low volume is really the only thing you can complain about right now.
Rumailah Buenavente (7 months ago)
binance require for 2fa google authenticator for the new signing up people, where can we get that? Please reply.
Curtis Bennett (6 months ago)
I use Google Authentication app
Robert Bailey (7 months ago)
Very useful presentation. Thanks.
Spencer Leitch (7 months ago)
Does this work In the United States?
HodlersWeekly (7 months ago)
And now you have ripple (XRP) on there as well.

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