Bitcoin Gold (BTG) is a fork of Bitcoin, which introduced a change of scripting function and a change in supply by a magnitude of 10 to curb ASIC mining.; Bitcoin Gold runs on a Proof-of-Work (PoW) consensus algorithm, Equihash (vs. SHA), with high memory requirements, which supposedly makes it inefficient for Application Specific Integrated Circuit (ASIC) machines to participate in the. Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for BCH flexible deposits on its lending platform, alongside ETH and EOS. Both Bitcoin and gold are easy to exchange for different assets or goods, and both score high. Bonus: User-friendliness and awareness is a trait often-forgotten in the BTC vs. gold debate. User-friendliness and awareness directly affect the demand, and we know that the increase in demand for a limited asset positively influences the price.
Binance bitcoin gold depositBitcoin Gold (BTG) | Binance Research
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About Advertise Careers Contact. Each listed cryptocurrency is paired against Bitcoin or Ethereum. Trading on Binance exchange website is done in two ways. Advanced trading is speculative short-term trading that is done on the Binance advanced trading platform. Deposits and withdrawals can be conducted on Binance only with selected cryptocurrencies. These deposit cryptocurrencies are Ethereum and Bitcoin.
It is presently not possible to deposit fiat currency on the Binance exchange. The deposit process commences with securing your Ethereum or Bitcoin. To do this, you must already have a wallet that holds your Ether or Bitcoin. For users of Ethereum, it is essential that you observe a lot of security in the entire process.
Once you have sent Ethereum or Bitcoin and confirmation is achieved, your account is funded in minutes. You can now click on the Ethereum-based cryptocurrency pairs of your choice to either purchase tokens using the Basic trade function, or buy the CFDs to trade on Binance actively.
To withdraw any tokens you have purchased, follow the instructions set out on the Withdraw tab on Binance to send the tokens to your wallet.
Please ensure that you acquire the correct wallet for whatever token you have bought. Once you send tokens to a wrong wallet, you cannot retrieve them! Deposits and withdrawals require the use of 2-factor authentication. Download the Google Authenticator app from the Play Store if you use an Android phone to generate the necessary tokens for your transactions. Given the spate of hackings of exchanges that have occurred in the last one year, and the proximity of Hong Kong to North Korea, a country which has been fingered in some major heists of cryptocurrency exchanges, the Binance exchange has invested heavily into state-of-the-art security protocols to protect users and traders on its platform.
The following security features are in place:. There are two levels of limits on Binance, regarding how much cryptocurrency funds can be withdrawn from an account. Accounts that are at level 1 can only withdraw a maximum of 2 BTC in 24 hours.
Verified accounts are at Level 2 and can withdraw as much as BTC in 24 hours. Binance is available to all countries of the world except those on a sanctions list Russia, Sudan, Iran, Syria and North Korea or under regulatory prohibitions United States, China, Indonesia. The customer support desk on Binance is led by the CEO of the company himself, who has ensured that Binance has a very active Twitter handle.
The Binance exchange website recently experienced a hour downtime, which rattled its investors and traders and fueled speculations about a hack. However, the CEO was able to communicate with periodic updates about the situation, which he said was merely an upgrade of some components of the exchange.
The site was eventually restored, and trading has since resumed. This incident and the professional manner in which it was handled has served to increase the rating and standing of Binance in the cryptocurrency exchange community. The Binance exchange is continuing to witness strong growth in the number of traders and revenues and looks set to take over as the top destination for those who want to participate in cryptocurrency exchange trading.
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