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#26 2023-06-04 19:34:44

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: Binance listing

Well I have nothing against binance for real, it's very profitable for CRP crypton to get listed on binance, yes it's a centralized exchange but it can get good visibility if you look at it critically.

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#27 2023-06-04 23:01:31

Europ
Member
Registered: 2023-05-23
Posts: 1,676

Re: Binance listing

MRBEAST;11923 wrote:

Well I have nothing against binance for real, it's very profitable for CRP crypton to get listed on binance, yes it's a centralized exchange but it can get good visibility if you look at it critically.

And basically the relationship of both coin will eventually helps to promote the CRP TRADE strength

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#28 2023-06-05 06:04:19

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,862

Re: Binance listing

Europ;12044 wrote:
MRBEAST;11923 wrote:

Well I have nothing against binance for real, it's very profitable for CRP crypton to get listed on binance, yes it's a centralized exchange but it can get good visibility if you look at it critically.

And basically the relationship of both coin will eventually helps to promote the CRP TRADE strength

We all know that its a trading platform for crypto currencies in which i believe crypton is actually getting listed very soon.

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#29 2023-06-05 19:51:30

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Binance listing

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.

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#30 2023-06-05 19:52:12

Detroit
Member
Registered: 2022-12-27
Posts: 1,650

Re: Binance listing

Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.


Every single coin that is traded on Binance would be affected in some way or another. Bitcoin, Etherum, XRP all top100 coins listed at binance might drop and the worst drop might be with Binance native token BNB token price.

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#31 2023-06-06 08:05:09

Europ
Member
Registered: 2023-05-23
Posts: 1,676

Re: Binance listing

Detroit;12171 wrote:
Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.


Every single coin that is traded on Binance would be affected in some way or another. Bitcoin, Etherum, XRP all top100 coins listed at binance might drop and the worst drop might be with Binance native token BNB token price.

This doesn't mean Binance will go down that quick, All crypto company won't allow that and perhaps there's a lot at stake. To me as far the Future of Utopia ecosystem is not affected. I'm good

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#32 2023-06-06 16:17:13

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Binance listing

Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.

First Binance is not a project, it is a centralized cryptocurrency exchange and it turns out to be a scam exchange it will affect the price of the cryptocurrency market since its the leading centralized exchange.

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#33 2023-06-06 17:00:46

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,866

Re: Binance listing

Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.

This scenario would have a very major impact on the price. Binance is one of the biggest crypto exchange and any activity on it would largely affect the entire crypto market.
Although many coins would recover after a while and some would fizzle out that way.

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#34 2023-06-06 18:54:19

Detroit
Member
Registered: 2022-12-27
Posts: 1,650

Re: Binance listing

Lanistergame2;12305 wrote:
Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.

This scenario would have a very major impact on the price. Binance is one of the biggest crypto exchange and any activity on it would largely affect the entire crypto market.
Although many coins would recover after a while and some would fizzle out that way.


Cryptocurrency has survived multiple crashes in its short history. The stock market has a long history of ups and downs, with stock exchanges first starting up in the U.S.

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#35 2023-06-06 19:22:59

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Binance listing

It is important to note that the recent price movement of BTC is not occurring in a vacuum. The entire crypto market has been experiencing a period of volatility, with many cryptocurrencies experiencing significant price swings.

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#36 2023-06-06 21:35:36

joanna
Member
Registered: 2023-01-10
Posts: 2,758

Re: Binance listing

oba;12303 wrote:
Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.

First Binance is not a project, it is a centralized cryptocurrency exchange and it turns out to be a scam exchange it will affect the price of the cryptocurrency market since its the leading centralized exchange.

This is one of the problems we have with centralized exchanges, the regulators will always intervene in their mode of operation and this will literally hurt the market price. However, it is good that it won't affect the price of Crypto coin.

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#37 2023-06-06 21:36:13

thrive
Member
Registered: 2023-01-04
Posts: 2,202

Re: Binance listing

joanna;12394 wrote:
oba;12303 wrote:
Camavinga;12170 wrote:

What is Binance later turns out to be a scam project?
Like, if Binance were to bust, it would have a huge impact on the entire cryptocurrency market.

First Binance is not a project, it is a centralized cryptocurrency exchange and it turns out to be a scam exchange it will affect the price of the cryptocurrency market since its the leading centralized exchange.

This is one of the problems we have with centralized exchanges, the regulators will always intervene in their mode of operation and this will literally hurt the market price. However, it is good that it won't affect the price of Crypto coin.

Apart from what you mentioned, there are other issues about centralized exchanges we should not forget that they hold user's digital assets in their custody, which means that users do not have control over the custody and access to their digital assets if the exchange is found guilt it may be hard for the user to access their funds.

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#38 2023-06-06 21:36:34

Vastextension
Member
Registered: 2022-11-19
Posts: 2,142

Re: Binance listing

thrive;12395 wrote:
joanna;12394 wrote:
oba;12303 wrote:

First Binance is not a project, it is a centralized cryptocurrency exchange and it turns out to be a scam exchange it will affect the price of the cryptocurrency market since its the leading centralized exchange.

This is one of the problems we have with centralized exchanges, the regulators will always intervene in their mode of operation and this will literally hurt the market price. However, it is good that it won't affect the price of Crypto coin.

Apart from what you mentioned, there are other issues about centralized exchanges we should not forget that they hold user's digital assets in their custody, which means that users do not have control over the custody and access to their digital assets if the exchange is found guilt it may be hard for the user to access their funds.

Yes, that is correct and another thing is that centralized exchanges are prone to hackers, technical errors, or human errors.  This can result in the loss of users' cryptocurrency or breaches of their privacy.

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#39 2023-06-06 21:36:56

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Binance listing

Vastextension;12396 wrote:
thrive;12395 wrote:
joanna;12394 wrote:

This is one of the problems we have with centralized exchanges, the regulators will always intervene in their mode of operation and this will literally hurt the market price. However, it is good that it won't affect the price of Crypto coin.

Apart from what you mentioned, there are other issues about centralized exchanges we should not forget that they hold user's digital assets in their custody, which means that users do not have control over the custody and access to their digital assets if the exchange is found guilt it may be hard for the user to access their funds.

Yes, that is correct and another thing is that centralized exchanges are prone to hackers, technical errors, or human errors.  This can result in the loss of users' cryptocurrency or breaches of their privacy.

The only benefit of a centralized exchange is the advanced functionalities offered by centralized exchanges and vast trading pairs, but they often have high transaction fees or management fees, making it more costly for some.

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#40 2023-06-06 21:37:16

joanna
Member
Registered: 2023-01-10
Posts: 2,758

Re: Binance listing

oba;12397 wrote:
Vastextension;12396 wrote:
thrive;12395 wrote:

Apart from what you mentioned, there are other issues about centralized exchanges we should not forget that they hold user's digital assets in their custody, which means that users do not have control over the custody and access to their digital assets if the exchange is found guilt it may be hard for the user to access their funds.

Yes, that is correct and another thing is that centralized exchanges are prone to hackers, technical errors, or human errors.  This can result in the loss of users' cryptocurrency or breaches of their privacy.

The only benefit of a centralized exchange is the advanced functionalities offered by centralized exchanges and vast trading pairs, but they often have high transaction fees or management fees, making it more costly for some.

I hate the fact that centralized exchanges depend on individual organizations, they are subject to local or international regulatory authority's rules and regulations.

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#41 2023-06-06 21:37:37

Vastextension
Member
Registered: 2022-11-19
Posts: 2,142

Re: Binance listing

joanna;12398 wrote:
oba;12397 wrote:
Vastextension;12396 wrote:

Yes, that is correct and another thing is that centralized exchanges are prone to hackers, technical errors, or human errors.  This can result in the loss of users' cryptocurrency or breaches of their privacy.

The only benefit of a centralized exchange is the advanced functionalities offered by centralized exchanges and vast trading pairs, but they often have high transaction fees or management fees, making it more costly for some.

I hate the fact that centralized exchanges depend on individual organizations, they are subject to local or international regulatory authority's rules and regulations.

Meanwhile, the regulations may restrict the exchange's functions, transaction flow, or even geographical reach, preventing some users from accessing the platform.

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#42 2023-06-06 21:37:57

thrive
Member
Registered: 2023-01-04
Posts: 2,202

Re: Binance listing

Vastextension;12400 wrote:
joanna;12398 wrote:
oba;12397 wrote:

The only benefit of a centralized exchange is the advanced functionalities offered by centralized exchanges and vast trading pairs, but they often have high transaction fees or management fees, making it more costly for some.

I hate the fact that centralized exchanges depend on individual organizations, they are subject to local or international regulatory authority's rules and regulations.

Meanwhile, the regulations may restrict the exchange's functions, transaction flow, or even geographical reach, preventing some users from accessing the platform.

Users must go through rigorous identity verification processes before they can use the exchange, jeopardizing their privacy, depending on the level of KYC used by the exchange.

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#43 2023-06-06 21:38:21

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Binance listing

thrive;12401 wrote:
Vastextension;12400 wrote:
joanna;12398 wrote:

I hate the fact that centralized exchanges depend on individual organizations, they are subject to local or international regulatory authority's rules and regulations.

Meanwhile, the regulations may restrict the exchange's functions, transaction flow, or even geographical reach, preventing some users from accessing the platform.

Users must go through rigorous identity verification processes before they can use the exchange, jeopardizing their privacy, depending on the level of KYC used by the exchange.

In conclusion, while centralized cryptocurrency exchanges offer advanced functionalities and support liquidity, they have several disadvantages, such as security risks, regulatory compliance, limited compatibility, limited privacy, and centralization.

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#44 2023-06-06 21:38:51

joanna
Member
Registered: 2023-01-10
Posts: 2,758

Re: Binance listing

oba;12402 wrote:
thrive;12401 wrote:
Vastextension;12400 wrote:

Meanwhile, the regulations may restrict the exchange's functions, transaction flow, or even geographical reach, preventing some users from accessing the platform.

Users must go through rigorous identity verification processes before they can use the exchange, jeopardizing their privacy, depending on the level of KYC used by the exchange.

In conclusion, while centralized cryptocurrency exchanges offer advanced functionalities and support liquidity, they have several disadvantages, such as security risks, regulatory compliance, limited compatibility, limited privacy, and centralization.

It is crucial to research and consider alternative decentralized solutions based on peer-to-peer blockchain-based transaction processing that offer non-custodial services with more control over users' digital assets and privacy while transacting.

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#45 2023-06-06 21:49:38

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: Binance listing

Binance listing is not something I would be looking at right NOW, I am very okay with the exchanges that has listed CRP crypton right now like lbank exchange, coin tiger exchange and also crypton exchange.

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#46 2023-06-07 05:57:04

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,862

Re: Binance listing

MRBEAST;12415 wrote:

Binance listing is not something I would be looking at right NOW, I am very okay with the exchanges that has listed CRP crypton right now like lbank exchange, coin tiger exchange and also crypton exchange.

Its a great joy to see how far the Utopia coin has get and more better to see it more in good shape.

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#47 2023-06-07 20:14:37

Europ
Member
Registered: 2023-05-23
Posts: 1,676

Re: Binance listing

Comrade;12477 wrote:
MRBEAST;12415 wrote:

Binance listing is not something I would be looking at right NOW, I am very okay with the exchanges that has listed CRP crypton right now like lbank exchange, coin tiger exchange and also crypton exchange.

Its a great joy to see how far the Utopia coin has get and more better to see it more in good shape.

We all acknowledge how well the systems is doing at the moment. As the Utopia genius team are working on creating more market accessibilities and connect. Its the same way the Binance might also be important to step in.

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#48 2023-06-07 20:59:52

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Binance listing

I learned today that when a cryptocurrency coin or cryptocurrency token no longer meets the standard it gets delisted. Also, users and customers get the opportunity to sell or withdraw to their wallet or wherever before the expiring date.

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#49 2023-06-07 23:53:06

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,725

Re: Binance listing

Camavinga;12603 wrote:

I learned today that when a cryptocurrency coin or cryptocurrency token no longer meets the standard it gets delisted. Also, users and customers get the opportunity to sell or withdraw to their wallet or wherever before the expiring date.

Yes, but this is the normal mode of operation of most reputable cryptocurrency exchanges and there's also a form agreement between the exchange and the project owner once the project crypto can't keep up with the agreement it will be delisted

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#50 2023-06-08 06:41:53

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: Binance listing

Camavinga;12603 wrote:

I learned today that when a cryptocurrency coin or cryptocurrency token no longer meets the standard it gets delisted. Also, users and customers get the opportunity to sell or withdraw to their wallet or wherever before the expiring date.

You are correct, exchanges have their requirement for listing a project on their platform and anyone which falls short of this would be delisted or not even get listed at all in the first place.

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