Is binance earn good reddit
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Content:
- Reddit Earn Crypto
- Import Binance Data to Google Sheets
- Binance begins to restrict US users ahead of regulatory-compliant exchange launch
- How to automate your cryptocurrency trades with Python | Opensource.com
- Binance.com users in Singapore given one month to withdraw assets, redeem tokens
- Best bitcoin and crypto wallets for February 2022
- Everything you need to know about Crypto Trading Bots
- Crypto.com Review: An All Around Crypto Platform In One
- It's better than Tinder!
Reddit Earn Crypto
Sable Martin, 25, a biology graduate and expectant mother in Atlanta, spends her days trading stocks. On May 19, everything changed. She started seeing reports that Binance, the world's largest crypto exchange by trading volume, according to CoinMarketCap , was crashing and preventing people from moving their money, while others were saying their accounts had been closed with no explanation.
She quickly logged on to Binance. US to transfer them to. She followed the site's instructions. But they asked her to log back in to her original account, which she could no longer access, to move the coins, which are now worth many times what she paid for them in She contacted customer service.
But, like many others who reported similar account freezes on Reddit and a Discord server set up by disgruntled Binance users, she got no response. Martin is one of about crypto traders from dozens of countries who have come together online to explore how they can take action against Binance after they either lost access to their accounts without clear explanation or recourse or they lost money when the exchange crashed on May 19, leaving them unable to move their funds despite their frantic efforts as the prices of cryptocurrencies tumbled.
After months of organizing and consulting with legal experts, the group has settled on the unusual strategy, announced Thursday, to pursue international arbitration, a form of cross-border dispute resolution typically used by multinational companies, to hold a largely unregulated, borderless company with no headquarters to account.
Binance spokesman Riley Kim declined to comment on the pending arbitration. He said the "exponential growth of cryptocurrency can occasionally pose technical bottlenecks for exchange platforms due to real-time market fluctuations associated with periods of high trading volume.
In response to allegations that users like Martin have had their accounts frozen, Kim said: "Unless there are outstanding account security or compliance matters, users can always move or withdraw their funds.
In any case, users can always approach our customer support team if they require assistance. But the path to potential compensation won't be easy. Binance has attracted scrutiny from financial watchdogs around the globe over allegations that it skirted regulation for years by shifting its operations to different jurisdictions and claiming to have no headquarters , although it has been domiciled in several countries.
It also requires users who sign up to agree to terms of use that waive their rights to class-action lawsuits. A second catch buried in Binance's terms of use is the stipulation that damages are capped at 12 months' worth of trading fees — a fraction of a percentage of the value of trades made on the exchange.
However, they now have a secret weapon: the backing of Lejniece and litigation finance strategist David Kay. Together, they hope to first get an international arbitrator to decide that Binance's contract terms are "unconscionable," a legal concept recognized in the case law of most developed countries, including Hong Kong's " unconscionability doctrine ," and therefore unenforceable.
Kay and Lejniece are calling on people who believe they have been harmed by Binance to join the case through a dedicated website, Binanceclaim. Claimants can join the case for free, with Liti Capital footing the legal fees.
If the group succeeds, Liti Capital will take a 30 percent cut of the damages. We think the answer is going to be a no. Kim of Binance said that there are risks associated with any trading environment and that the company's terms of service disclose those risks, "including the possibility of systems-related downtime, to our users. The case reflects broader scrutiny of Binance — from regulators, legal experts and researchers — in several markets as the platform has grown, including an investigation by the Justice Department and the IRS exploring allegations of money laundering and tax offenses , according to a report by Bloomberg citing people with knowledge of the matter.
Experts believe it's only a matter of time before Binance makes significant changes to how it operates. Governments have laws to protect their citizens, and it doesn't make sense for entities to try to opt out of them, even if they have distributed operations and no clear headquarters.
The or so potential complainants include traders from around the world, some of whom casually invest in cryptocurrencies in their spare time and others who dedicate their lives to it. Fawaz Ahmed, 33, a former Uber employee in Toronto, falls into the second category. He started trading full time early last year and would generally make big bets every few months. On May 19, he saw that the price of ether was crashing and decided he needed to cut his losses and close his position.
He opened the Binance app on his iPhone and started frantically clicking on the "close position" button to salvage his funds. Nothing happened. He said he tried again and again, opening and closing the app and calling friends for advice for almost an hour as he watched his losses skyrocket. I couldn't close, manage or hedge my position. My hands were literally shaking," he said. At a certain point, Binance liquidated Ahmed's trade — a process that happens automatically when losses on a bet exceed investors' deposits.
He lost everything. I wanted to use this money to retire my parents, pay for my siblings' education and get a house in the future. He felt numb for hours, he said, but thought Binance would compensate him because he was liquidated only because of an apparent technical glitch with the app.
The next day, Binance released a compensation claim form, which Ahmed filled out in the hope he would be made whole. But over the next few weeks, he heard dozens of reports from others in the Discord server who had filled out the form that they were offered only a small fraction of what they lost, typically up to 30 percent.
Ahmed said Binance eventually offered him about 20 percent of what he lost. It was at that point that he and others in the group started exploring more aggressive remedies, including a class action — which lawyers they consulted ruled out because of the contracts they had signed — before they homed in on international arbitration.
Ahmed said that he and others just want "justice and compensation" and that he has one message for Binance's CEO, Changpeng Zhao: "Do the right thing. Kate Marie, 58, a health care consultant from Sydney, had also planned to use the proceeds from crypto trading to secure her future. Marie, who is among the complainants to have already signed up for the case, hopes the group arbitration will help clean up the market.
Binance has been bullish in its response to allegations of wrongdoing. After the May 19 outage and subsequent coverage by The Wall Street Journal , Binance published a blog post that said it had investigated some of the claims and "could not identify any relevant technical or system issues that impacted their trading. The blog post described three cases, without naming the people, and appeared to blame the losses on the users. In response to questions, Kim said: "We are aware of a very small number of users who are attempting to extract unreasonable demands from us.
Our policy is fair in that we compensate users who experienced actual trading losses due to our system's issues. We do not cover hypothetical 'what could have been' situations, such as unrealized profits. Kim said that he filled out a compensation claim but that the company offered to cover only a third of his losses. Like Marie, Ahmed and Martin, Francis Kim wants Binance to own up to its mistakes and compensate users to make things right.
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Import Binance Data to Google Sheets
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Binance begins to restrict US users ahead of regulatory-compliant exchange launch
We recently discovered eight deceptive mobile apps that masquerade as cryptocurrency cloud mining applications where users can earn cryptocurrency by investing money into a cloud-mining operation. By: Cifer Fang August 18, Read time: words. We have reported our findings to Google Play, and the apps have been promptly removed from the Play Store. Some of these apps have even been downloaded more than , times. These apps, which do not have cryptocurrency mining capabilities and deceive users into watching in-app ads, have affected more than 4, users globally from July to July Our analysis of the abovementioned apps confirmed that they did not have any cryptocurrency-mining behavior. Hence, it will not be obligated to issue cryptocurrency payments to its users. It also does not guarantee a firm return for any virtual goods and features purchased in the app. Our investigation also found that some of these fake cryptomining applications prompted its users to click on ads instead of prodding them to pay for increased computing power. Users are prompted to invite several friends to download the app to unlock the withdrawal interface.
How to automate your cryptocurrency trades with Python | Opensource.com
Flexible savings binance reddit. Binance offers one of the lowest fee structures in the crypto space. For more information, read this guide on how to redeem a Savings Trial Fund. You have to use the binance application safely. Binance groups together DeFi liquidity providion and staking, calling the first flexible staking and the latter fixed staking.
Binance.com users in Singapore given one month to withdraw assets, redeem tokens
There are a lot of ways you can earn money online. However, almost all of them require some form of investment or documentation. Not only that, but most online earning sources are also survey-based. This means you don't get paid much, especially if you live in a developing country where surveys are rare. This begs the question, where can you get paid legitimately without meeting all these requirements?
Best bitcoin and crypto wallets for February 2022
Earn rewards for locking your precious Axie Infinity Shards! My AXS Staking. Step 2. The interest rate depends on how long users wish to lock up their BNB tokens. This can be compared to earning interest in a traditional bank. Although the Bitcoin exchange only started in , it has built a reputation as a top destination for everything crypto and is a well-proven and time-tested financial services provider in the blockchain space.
Everything you need to know about Crypto Trading Bots
Top news. Weekly review of NFTs. While Meta and Twitter dominated NFT headlines last week, another new set of social media behemoths re-entered the fray this week. Meanwhile, NFTs are being eyed by the IRS with a microscope as fraud continues to run through the space, OpenSea continues to have some bumps in the road, and more brands continue to release their own NFTs.
Crypto.com Review: An All Around Crypto Platform In One
RELATED VIDEO: Пассивный Доход на Бинанс - Earn, Стейкинг. Стоит ли вкладываться? - Binance 2021Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
It's better than Tinder!
The exchange is also one of the fastest platforms in the crypto market today. The exchange provides investors with one of the widest range of cryptos available in the market place today. With the broad range of cryptos on offer, Binance also delivers investors and traders with numerous ways to enter the market. Users are free to invite new users via either a spot referral link or futures referral link and receive commissions. Binance offers the following trading platforms to cater for the more novice and more experienced traders:.
CoinTracker is the most complete portfolio tracker on the market. Created in early by Satoshi Nakamoto, the first cryptocurrency is, in fact, a distributed, decentralized ledger where users send funds directly to each other, peer-to-peer, without an intermediary. Cryptos Avail. The Bottom Line.
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