Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hamzaal24 on March 20, 2020, 05:21:48 PM
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Binance has recently added five new fiat currencies (https://www.coincurb.com/news/binance-p2p-adds-fiat-currencies/) for Latin Americans. Recently, Binance had closed its platform for trading. The exchange stopped its operations because of unexpected infrastructure default. Once again in March, Binance crashed due to overload. It is a good move to add more fiat currencies.
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This is the great news that Binance will ad the 5 fiat currencies in their exchange and i hope that the other exchanges will soon add these currencies.
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It is evidence that cryptocurrency is alive and will not be destroyed by any kind of circumstances. Crypto exchange will open the door of opportunity to make cryptocurrency exchange. Thanks to Binance by starting this trend.
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Binance has recently added five new fiat currencies (https://www.coincurb.com/news/binance-p2p-adds-fiat-currencies/) for Latin Americans. Recently, Binance had closed its platform for trading. The exchange stopped its operations because of unexpected infrastructure default. Once again in March, Binance crashed due to overload. It is a good move to add more fiat currencies.
The Binance crashing incident happens because of the overload in the system, for me, it's a good sign and directly pointing the caused was the influx of new users is the reason why the Binance System is experiencing an outage, Binance still popular besides of all the black propaganda against the crypto exchange last year.
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I think binance exchange has been able to generate huge customers world wide as a result, there will be high use system traffic on the daily basis. Main while, i think there should be frequent system expansion to accommodate more users.
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The difficulties of the Binance exchange reflect the difficulties of the entire cryptocurrency, as well as the need and possibility of its further development and improvement. Problems arise, and there are ways to overcome them. Decentralized cryptocurrency has a long way to go. Now it is still difficult for understanding and using the bulk of ordinary people.
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Binance is trying to expanse more members from Latin Americans. We know that many crypto enthusiast come from Latin American region. So, Binance is seeing the potential to have more people from that region. I think it will be a good step for Binance to be bigger.
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Binance is trying to expanse more members from Latin Americans. We know that many crypto enthusiast come from Latin American region. So, Binance is seeing the potential to have more people from that region. I think it will be a good step for Binance to be bigger.
thats right, this will further strengthen the crypto market. keep monitoring the binance for halving bitcoin. the more fans the more impact the more future.
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It is likely to continue to grow in line with the needs of users and countries agreeing to fiat currencies used to transact with crypto. It is very influential to get to know crypto more broadly
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the main reason why binance choose to add the fiat currenies are means by which users can integrates their fiat money with cryptocurrency. it makes the eco system easy and interactive. it creates an avenue for developing countries to have a means of buying and selling cryptos with their local currency. these are great opportunities and they are welcome development.
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Personally i am not a fan of too many fiat or stablecoins, i think they serve the same purpose so offering 2 to 3 such coins on one exchange are more than enough for traders.
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I think that is aways good to have more options, it brings more users, more trading pairs, and it's beneficial to all the environment of cryptos
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I think that is aways good to have more options, it brings more users, more trading pairs, and it's beneficial to all the environment of cryptos
Indeed. But something that becomes the main point for me is the possibility to have more new users. It may attract potential users that are interesting in the Fiat currencies. It will be another benefit on that exchange to bring the Fiat currencies on the exchange.
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I think that is aways good to have more options, it brings more users, more trading pairs, and it's beneficial to all the environment of cryptos
Good to have more options but sometimes it becomes harder to decide what you really want to support. Confusing yourself in the game, focus or to play the game depending on lucky move.
If you know what you are doing, just do it accordingly.
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But how to believe Binance now, when they bought CMC...
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But how to believe Binance now, when they bought CMC...
Go to coingecko, they data are really better compared to CMC, they have something called trust score to avoid fake numbers and fake volumes.
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But how to believe Binance now, when they bought CMC...
I don't think Binance exchange has any plans now or in the future to buy CMC if that was what you mean. Binance has it's business basically on coin/token exchanges, and coinmarketcap, is a company on a separate type of operation.
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This is a good positives for the latin americans, they join few african countries in the benefits ghat binance brings to us.
You can now easily buy and sell crypto currency.
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Because fiat money doesn't rely on physical reserves, such as the national silver or gold reserves, it risks losing value due to inflation or even becoming worthless in case of hyperinflation. If people lose faith in a country's currency, money will no longer hold value. That is different from the gold standard currency.