If you outright buy Bitcoin with USD, you will pay a 0.5% fee on Binance.US. If you want to spend $100 to buy Bitcoin using this option, you’d end up trading about $99.50 after fees.
This happens when the promoter of a digital token draws in buyers, stops trading activity and makes off with the money raised from sales.
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According to our best knowledge, the news that 4JNET’s limited-edition NFT would be issued and the project would kick off soon has made a huge stir in the market. KOLs in the token industry pointed out that by means of its unique mechanism, 4JNET will soon occupy a market share and outperform Safemoon. A new star is rising.
Cryptocurrencies are seen as an alternative to traditional banking methods, cheaper to move money around due to not being regulated by the government or its banks.
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This disparity in fee structure favors users outside the U.S., where the higher fees may be related to tighter regulation of crypto in the country. By comparison to other platforms, the fee structure of Binance.US and Binance looks more complicated. Users from outside the U.S. benefit from lower fees.
But what is SafeMoon and why has it garnered such an interest? And is it something you should look out for?
Billionaire Elon Musk has also already gotten involved with DogeZilla by posting a tweet.
"Nevertheless, with central banks likely to begin raising rates and tapering its stimulus package, investors are looking for a store of value that is perhaps less susceptible to these changes.
Initially, Binance.US considered listing up to 30 crypto assets, with those deemed most important making it to the Phase 1 list. Some have noted the absence of high-profile Binance IEOs (initial exchange offerings) from this list as well as the lack of support for Tron (13th by market capitalization at the moment).
China’s crackdown has delivered a windfall to international groups that mint digital tokens
We reached out to Binance.US for more information about its security measures and received no response. We’ll update the review if Binance.US gets back to us.
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Some investors have predicted even bigger gains for Bitcoin, despite continued criticism of the cryptocurrency by JPMorgan Chase (JPM)CEO Jamie Dimon, who has called the coin "worthless."
The decentralized finance (DeFi) protocol released its highly anticipated wallet at 17:00 CET on August 28. However, less than 30 minutes after, Safemoon’s CEO John Karony posted a tweet revealing that they had encountered “technical difficulties.”
SAFEMOON launched earlier this year - and it's already attracting attention from cryptocurrency investors.
SafeMoon technically isn't a cryptocurrency but a DeFi token, according to its website.