Did Binance increase US dollar transaction minimums to $100,000?

In late January, Binance said U.S. banking partner Signature Bank had increased U.S. dollar transaction minimums to $100,000. At the time, Binance claimed that Signature had told the exchange that the new minimum applied to all crypto exchange customers.

How does Binance coin work?

Binance Coin can be used to pay trading fees on the Binance exchange. For example, if you trade another cryptocurrency for bitcoin on the exchange, Binance will charge you a 0.1% trading fee. That’s how the company makes money. However, if you use Binance Coin to pay the fee, they will reward you by charging a lower fee.

Is Binance still a bad user experience?

Binance’s CEO Changpeng Zhao, widely known as CZ, said on Twitter that although just 0.01% of active users engage in US dollar trades, “we appreciate that this is still a bad user experience and the team is working on quickly resolving this issue.”

What are Binance activities?

Activities are high-yield staking opportunities offered jointly by Binance and various projects. You can lock the corresponding assets into the platform to obtain higher returns. Subscriptions will be closed once they reach the maximum limit.