Official forum for Utopia Community
You are not logged in.
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.
Offline
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
Offline
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.
Offline
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.
Offline
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.
Offline
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
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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.
Offline
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
Offline
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.
Offline