Questions tagged [Binance]

CryptoAlly Mon May 13 2024 | 6 answers 900

Excuse me, I have a question about converting cryptocurrencies on Binance. Could you please tell me if it's possible to convert USDT to USDC on the platform? I'm a bit new to this and would appreciate any guidance you could provide. I've seen both USDT and USDC listed on Binance, but I'm not sure if there's a direct conversion option between them. Could you clarify this for me, please? It would be greatly helpful for me to understand the process and any potential fees involved. Thank you for your time and assistance.

Daniele Mon May 13 2024 | 5 answers 1030

Is Binance an ERC-20?" This question seems to have a fundamental misunderstanding about the nature and functionality of Binance and ERC-20. ERC-20 is not a platform or service, but rather a technical standard used for creating fungible tokens on the Ethereum blockchain. It's a set of rules and guidelines that define how these tokens should behave and interact with the Ethereum network. On the other hand, Binance is a cryptocurrency exchange platform that allows users to buy, sell, and trade various digital assets, including tokens that comply with the ERC-20 standard. Binance provides a marketplace where these tokens can be listed and traded, but it itself is not an ERC-20 token. In summary, the question "Is Binance an ERC-20?" is based on a misconception. Binance is a crypto exchange that supports ERC-20 tokens, but it is not itself an ERC-20 token. It's important to understand the distinction between platforms like Binance that facilitate token trading and the technical standards like ERC-20 that define how tokens behave on the blockchain.

Maria Mon May 13 2024 | 7 answers 1730

I'm just wondering, how much does one USDT equate to in Binance? I've been keeping tabs on the cryptocurrency market and am considering investing in USDT. However, I'm still a bit unclear about its value in Binance specifically. Could you possibly shed some light on this matter for me? I'd really appreciate it if you could provide an up-to-date figure, as the value of cryptocurrencies can fluctuate quite rapidly. Thank you in advance for your assistance!

Michele Mon May 13 2024 | 6 answers 1446

Could you please explain why Binance decided to remove USDC? This move seems quite unexpected, given the popularity and widespread acceptance of USDC in the cryptocurrency community. What factors led to this decision? Was it due to regulatory concerns, market performance, or perhaps technical issues? As a leading exchange, Binance's decisions often have significant implications for the industry. It would be helpful to understand the rationale behind this particular move and how it might affect the broader cryptocurrency ecosystem.

Alessandra Mon May 13 2024 | 5 answers 1587

Excuse me, I'm a bit new to the cryptocurrency world and I've been hearing a lot about Binance, the popular exchange platform. I'm curious if I can buy dogwifhat on there? I've seen some buzz about this particular cryptocurrency and I'm interested in investing in it. Could you possibly clarify if Binance supports dogwifhat trading? And if so, what steps should I take to purchase it? I'd appreciate any advice you can give on this matter." This query comes from a learner in the field of cryptocurrency, seeking clarification on the availability of dogwifhat on Binance and the steps involved in purchasing it. The tone is one of curiosity and openness to learning, reflecting a genuine interest in the subject matter.