KuCoin even has a community section on its site; it is often worth posting questions in these community forums as it can result in quicker answers. Pro Tip: If you have questions or cryptocurrency issues about your exchange platform of choice, don’t forget that most crypto exchanges have very active communities on social media sites like Reddit, Facebook and Telegram.
Technical glitches are common on blockchain platforms. Binance said it’s working with the DOGE network, but said it is taking longer than usual as the exchange has to rebuild the digital wallets that hold the coins.
A garage full of mining computers costs resources to run, maybe more than the currency value. Aren't there environmental concerns with "mining" Crypto currencies in that the amount of energy wasted/used to mine your crypto is potentially greater than the worth of the crypto.
Interestingly enough, the cold storage will feature an " Infinenon Solid Flash CC EAL 5+ Secure Element chip ", supposedly having " military-grade " security. Initially, the Nifty wallet will support digital assets on Ethereum, Polygon, and bitcoin the BNB Chain, with plans to integrate other chains in the future.
First, you would need to purchase a cryptocurrency like Bitcoin or Ethereum using Fiat, and then you can deposit that into Binance and trade for other coins. Because Binance doesn’t support fiat deposits, it makes it impossible for beginners to buy cryptocurrency for the first time.
Part of the investigation is said to be concerned with whether Binance.US disclosed its relationship to the firms, both of which trade with Binance.US customers. The two firms, Sigma Chain AG and Merit Peak Ltd, are market makers who were controlled by Binance founder and CEO Changpeng Zhao as recently as 2021. securities regime prohibits making money as a result of deceit and/or the omission of material facts in dealing with customers.
There is no information available publicly on the other company, Merit Peak Ltd. A company with that name appears to at one time have been a shelf company registered in the British Virgin Islands. Given the company’s non-presence online and given the sheer number of company names associated with Changpeng Zhao and Guangying Chen, it seems probable that Merit Peak Ltd is another shell company for cryptocurrency Binance. The Wall Street Journal has reportedly seen documents signed by Zhao on behalf of Merit "approving an infusion of capital from Merit into Binance.US in exchange for shares in the company," and the SEC apparently already believes that Merit is a Binance company.
Based on the official news release , the SecuX Nifty cold wallet is the first of its kind and will allow collectors to view NFTs on the device. Likewise, the built-in Nifty app will enable owners to browse marketplaces like OpenSea , Rarible , and Pancakeswap , for trading or bitcoin purchasing NFTs.
If you have been following the wonderful world of cryptocurrencies, it is likely that you have heard of the Binance exchange. All trades are strictly crypto-to-crypto. Binance operates exclusively with cryptos, which means that your fiat money (i.e. It can be a bit tricky when you wish to convert your crypto into fiat money. Here, we tell you what you must do in order to cash out on Binance. Dollars, Euros, etc.) doesn’t work there.
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Binance and KuCoin both offer their users the ability to borrow funds for trading, providing traders with the ability to use funds put up by a third party to conduct their trading activity. The other side of this coin means that users on both platforms can lend out their crypto holdings to those looking to borrow for some nice interest rate returns.
An upgrade of the Dogecoin network on Nov. 10 appeared to have caused an issue with network withdrawals, btc Binance said in a statement the next day. A "very small number of users" were affected, they said, explaining that some previously failed Dogecoin withdrawal transactions got resent after the update, and "we are kindly requesting those users to return the assets."
Verified accounts can withdraw 100 BTC every 24 hours. Verification requires filling out a basic KYC form and providing proof of identity among other documents. Non verified accounts can withdraw up to 2 BTC every 24 hours. There are only withdrawal limits. Binance has a very simple limit structure.
Ignoring the fact that 70% of El Salvadorians are 'unbanked', and the infrastructure (Internet etc) to support Crypto payments is lacking, this move is quite the moment for Crypto. El Salvador is placing itself as the first country in the world to recognise BTC
as legal tender and not just an 'asset'.