BNB

cuervo_gris

SOL is about to flip BNB again!

Zelulose

MagicSea It think it might have the lowest fees to move BNB and USDT/USDC. 0.042 shimmer fee to swap which is currently $0.0048 per shimmer. Astronomically low.

TabletopThirteen

Probably not currently, but over time there will be as the market grows. BNB has been working hard to wipe their name from all the bad so I could see them getting one one day. Solana has hope, but needs to keep growing and distancing itself from SBF and its manipulation. Investor groups buying out all their locked tokens has helped in that regard

BlazingJava

BNB only purpose is to drain liquidity from Binance new Token listings.

DBRiMatt

I don't think we like BNB either - so, it will be interesting to watch this post play out... xD

SquatDeadliftBench

1. **Trust Wallet**: Trust Wallet, which supports BNB, allows you to store and convert BNB to other cryptocurrencies. You can then transfer these to an exchange that supports CAD withdrawals. 2. **PancakeSwap**: Transfer your BNB to a wallet compatible with PancakeSwap (such as Trust Wallet or MetaMask) and swap BNB for a cryptocurrency like USDT or ETH. Then transfer it to a platform like Newton or Shakepay for conversion to CAD. 3. **Newton**: Transfer your swapped cryptocurrency (e.g., USDT or ETH) to Newton, a Canadian exchange, and convert it to CAD. 4. **Shakepay**: After swapping BNB for another cryptocurrency, transfer it to Shakepay, which allows easy conversion to CAD. 5. **Crypto.com**: Transfer your BNB to a Crypto.com wallet, convert it to another cryptocurrency, and then withdraw it to CAD. 6. **Binance Chain Wallet**: Use Binance Chain Wallet to transfer your BNB. Swap it on Binance DEX for another asset and then transfer it to a Canadian exchange like NDAX to convert to CAD. 7. **Coinberry**: Swap BNB for a supported cryptocurrency and transfer it to Coinberry, a Canadian platform that allows CAD withdrawals. 8. **Kraken**: Kraken supports Canadians and allows for CAD withdrawals. Swap your BNB for a supported cryptocurrency and transfer it to Kraken.

justjoner

lol what? there are so many wallets that support BNB. Metamask for example. You could even send it to a CEX like coinbase and convert it however you like. this isnt rocket surgery!

Oheson

Solana is on the path to flip BNB. Next cycle it should have ETH in it's sights.

CynicInRecovery

It is on BNB Smart Chain (BEP20). So it I need BNB which I have 1.63$ worth of.

HawMaaan

Please help guys I'm stuck with 200$+ worth of nexo coins that I need to convert asap. Please send me BNB beacon chain to transfer out of my trust wallet. I will send you the same in USDT or any other coin on my mothers head just help me please!!!!!!

HawMaaan

Guys please I need BNB beacon chain to transfer my assets pleaaaase.

AlphaHunter2212

Investing in Dogeverse (DOGEVERSE) presents a unique opportunity to be part of a groundbreaking cryptocurrency project that bridges multiple blockchain networks, fostering a unified ecosystem of diverse crypto communities. Here are compelling reasons to consider purchasing Dogeverse: # 1. Multi-Chain Connectivity Dogeverse is the world’s first truly multi-chain Doge token, designed to operate seamlessly across various blockchain platforms, including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. This interconnectedness not only increases its accessibility but also enhances its potential for widespread adoption and utility. # 2. Strong Market Presence Despite being relatively new, Dogeverse has already established a solid market presence with a current market cap of approximately $11.9 million [oai\_citation:1,Dogeverse Price Today | DOGEVERSE to USD, Price Index & Live Chart](https://cryptomarketcap.com/coins/dogeverse) [oai\_citation:2,DogeVerse price today, DOGEVERSE to USD live price, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/dogeverse/historical-data/). Its robust trading volume and listing on reputable exchanges like Uniswap and Bilaxy indicate strong market interest and liquidity, which are crucial for any successful cryptocurrency investment. # 3. Engaged Community The success of any cryptocurrency heavily relies on its community. Dogeverse leverages the passionate and widespread Doge meme culture to build a vibrant and engaged community. This communal support not only drives adoption but also ensures sustained interest and growth potential. # 4. Future Growth Potential Given the innovative nature of Dogeverse’s multi-chain approach and the increasing demand for interoperability in the blockchain space, the potential for future growth is significant. As more users and developers recognize the benefits of a unified blockchain ecosystem, Dogeverse is well-positioned to capitalize on this trend. # 5. Affordable Entry Point Currently, Dogeverse is priced at a level that offers an affordable entry point for new investors. This low-cost entry provides an excellent opportunity to accumulate significant holdings, which can lead to substantial returns as the project matures and gains more traction. # 6. Strategic Vision Dogeverse’s strategic vision of uniting diverse crypto communities under one token embodies a forward-thinking approach to blockchain technology. By supporting and facilitating interoperability, Dogeverse is not just a token but a key player in the future landscape of decentralized finance. # 7. Innovative Use Cases Beyond being a simple token, Dogeverse aims to drive innovative use cases in decentralized applications (dApps), NFTs, and more. Its flexibility and cross-chain functionality open up numerous possibilities for developers and users alike, making it a versatile addition to any crypto portfolio. Investing in Dogeverse means being part of a transformative project with strong foundations, an engaged community, and a clear vision for the future. With its unique multi-chain capabilities and growth potential, Dogeverse is poised to make a significant impact in the cryptocurrency world. Don’t miss the chance to be part of this revolutionary journey—consider adding Dogeverse to your portfolio today!

HSuke

Michael Saylor only 2 months ago: [**SEC will classify ETH as security and reject spot Ethereum ETFs**](https://cryptobriefing.com/michael-saylor-ethereum-security-classification-sec/) > Ethereum is deemed to be a crypto asset security, not a commodity. After that, you’re gonna see that Ethereum, BNB, Solana, Ripple, Cardano, everything down the stack is just crypto-asset securities unregistered > None of them will ever be wrapped by a spot ETF. None of them will be accepted by Wall Street. None of them will be accepted by mainstream institutional investors as crypto assets

iso20022_

If you had just started to buy BTC and ETH during the bear you would have made already 2-3x. That's around a 300% Apr on your investment already. You would only need to make 30% compounding to go into retirement relatively early after around 10years.  I don't understand all this people constantly trying to land a moonshot. You do that only with interest earned but not with an initial investment. That should only go into the topGs. You could add BNB to that, as they are gonna stay around for a long time for sure too, extremely deflationary. 

Joe-M-4

I usually don’t share takes on individual projects but let the data speak for itself. Although I will say BNB has been the biggest Experiment surprise for me so far.

Joe-M-4

BNB doesn't enter until the 2020 Top Ten Experiment....

wowplayer28

Where is BNB ??

Joe-M-4

Gotcha. According to the data in these Experiments, BTC has the fourth best ROI after BNB, ETH, and the total crypto market since Jan 2018.

Joe-M-4

Agreed that many former Top Tens will be irrelevant in 10 years. Good reminder not to fall for the hottest most hyped crypto flavor of the month and take a step back once in a while. 100% BTC is a fine strategy, although last time I crunched the numbers ETH, BNB, and the Total Crypto Market Cap have posted better ROI over the lifespan up my Experiment (so far at least!)

Joe-M-4

Correct...If starting in 2018, like this update. Slightly different in other years. Haven't done the calculations recently, but the surprise winner if you look at the combined Experiments? **BNB**

CryptoNerd_16

While Ethereum supports smart contracts and apps, Solana offers quick transactions, BNB gives a range of utilities, and Bitcoin is known as digital gold. They are used by people for loans, investments, and payments. People often spread their holdings or set loss caps in order to manage volatility.

starshiptraveler

$BTC, $ETH and $BNB of course, and I’ve stashed all my $BNB into $IVEST /r/iVestDAO

Ok-Western-5799

Everyone knows BTC, ETH, and BNB ought to be in our portfolio. However, we are looking for the next quick 50x - 1000x. I have racking all forms of low cap and I am still waiting for SUPRA's launch. The buzz is about block my drums

Rebellion_Protocol

I'd personally go 50% ETH, 25% LINK, 15% ADA, 10% BNB. But hey, everyone got their own favs, right? Seen the stuff they post in this sub? Might help ya: https://www.reddit.com/r/DailyLedger/

crua9

To be honest, I've been thinking about it myself. What I think I'm going to do is sell it/swap it later after a bull run. And then just not mess with them again. Personally I think BNB itself is fine. The network for the most part is stable and has some uses. The problem is, the company keeps pulling stunts and I don't want to be sitting here having to worry about the day to day. At least to this extreme.

fleshyman

Wondering if I should sell all my BNB with this news.....

R4ID

> Well, there is this effort to make it look like the chain is separate from the company. Becuase it is. Chain isnt company. Ripple runs 1 validator atm on the dUNL or 2.8% of the network. >But the truth is, that there would be no chain without the company. the chain was created and existed BEFORE ripple did. XRP's original name was "XNS". you'd know stuff like this if you looked at the public codebase. >It's like separating BSC from Binance. BNB/BSC was created by Binanace. Binanace runs the majority of nodes. Neither of those are true of XRP/XRPL and Ripple. >The company unlocks up to a billion of XRP every month. which they themselves chose to lockup in DEC 2017 in the middle of that bullrun. > It does not matter to traders of XRP if it is pre-mined and unlocked or minted. The inflation of XRP is evident. There is no inflation. the token is deflationary. Again it is a 100% premine. all tokens that have ever or will ever existed were created one june 2nd 2012 with this code https://github.com/XRPLF/rippled/commit/f0e3383856a8923e55b0f10e7822de9031b7159e Every single day since then the total supply has fallen and will continue to do so as fee's are burned. Look if you dont understand things about the topic, its best to ask questions so you can learn. Otherwise Im going to keep pointing out how incorrect you are. choice is yours.

nicog67

Yep, might become what BNB is to the BSC but for Base

ponyo_fromglue

Yep, totally get your question! And to answer it, Glue will be similar to BNB but not exactly the same. So for example, Binance is obv a centralized exchange whereas the Glue Hub will be totally decentralized & funds will be held in a user's own wallet rather than by a Binance hot wallet. But yes, we do have plans for the Glue token to be integrated into different facets of the Glue ecosystem!

CaregiverStandard427

Is Glue token going to be similar to BNB for Binance? If that's the case, please come up with good case studies for $Glue. Something like interoperability of the token as base token for other crypto sites and exchanges. That would make Glue a truly useful token across platforms and applications. Does that make sense to you?

LargeSnorlax

It's not as lightning in a bottle as you think - You invest in things during a bear market, and sell them during a bull market, which has been a fairly regular, reoccurring trend in Crypto. Yes - It's true you could buy Bitcoin and have a more stable rate of return. It's a volatile market, and people who buy alts are largely gambling. What you're doing is trading stability for risk - Which is a perfectly sound investment strategy. Except instead of investing in companies vs ETFs, you're putting money into MUCH riskier things. Will it work out? There's a good chance it might not. However, a lot of people are gambling on it - Whether or not that's a good idea is up to the individual. Will all coins be BNB, SOL, DOGE, SHIB, etc? Of course not .

koolkheart

You came in at the right time. Another bull run awaits us and all you have to do is invest in quality projects. BTC & ETH, USDT or any stable should take 50% of your portfolio while other blue chips such as SOL, BNB, and NEAR. The other 20% should move to high-utility projects outside the top 100. ENS, API3, and exSat are a few examples.

Mystic_Bandit

Didn’t BNB reach an all time high a few months ago?

Inkamt

BNB did, not that anyone seem to care about it 😅

identiifiication

That said even the top 10 coins are questionable. I give XRP and BNB a short life span

LinsaFTW

Hey guys! I do not have enough score to make a post. I wanted to ask about decentralized investments. I am currently looking at pools in pancakeswap and uniswap, renting energy on tron, DOT staking, and staking with services like Lista Staked BNB and Lido Staked MATIC alongside WBETH. What do you guys think are the best methods to invest in a decentralized way?

yphase

Against Bitcoin, there's only one cryptocurrency that hit ATH again, BNB.

Smiling_Jack_

I'm not convinced that BNB won't the chosen one this cycle as well, or even another chain. Hell any cheap and fast L1 can go wild with the right DApp. Degens have no loyalty. They will rotate into whatever is hot.

Mundane-Farm-4117

Sol has been the chosen one this time, there was so many tokens created on it at the moment..BNB it seems was the chosen one last cycle

dildobagginsssss

I put 2k into safemoon as well early days and sold for 30k, bought a whole bunch of shit with it BNB, ETH, XRP and others rode up and down and eventually realised with a high capital requires more focus or i couldve lost it all - at the time with work and other commitments i couldnt focus on it so i bought btc with all of it and rode this btc rally up to 80k - mindset is 100k Doesnt matter to me if btc holdings turn into 20million in 10 years mindset is set and cannot be broken

Mundane-Farm-4117

I mean safemoon was on BNB chain do we need go say more.

krfc89

This is so dumb. BNB chain lost nothing, shitcoins on BNB chain did. If there is a rug pull of Pepecuminu on ETH, does ETH chain lose anytjing ? No

coinfeeds-bot

tldr; Since its inception in 2017, BNB Chain has lost $1.64 billion to hacks and rug pulls, with $368 million attributed to rug pulls, making it a prime target for such scams. Despite being a preferred platform for rug pulls due to developers using forked code and the community's attraction to quick money-making schemes, losses have decreased following hard forks aimed at addressing network vulnerabilities. In contrast, Ethereum has seen $3.6 billion in losses, but only 4.4% from rug pulls. The report by Immunefi highlights the ongoing issue of security and fraud within the cryptocurrency space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Scorthe

Part of my research is related to centralised vs decentralised. I have a theory that every centralised currencies eventually fail, given enough time. Its the probability of someone doing a mistake at some point in time. It still needs time to be validated as BNB is still giant and CRO is in a bad state but not out of top 100 yet. One index will include all currencies regardless, but I will have one for decentralised only.

yphase

BNB is the only alt to hit ath against Bitcoin since 2021, not even eth did

Extreme-Benefyt

it's funny how these scammers act, I recently added some funds to my bnb wallet, and not even 3 minutes after I made the deposit I received an email from a random dude with gmail email telling me, I have to pay something to Norton and with a pdf attachment. My question is how do they sync up so well? How do they see I just made a deposit to BNB? Where do they get this information from?

Substantial_Run8010

You're right, most of them didn't. But Cardano, Vechain, Chain link, BNB and Crypto.com are the exceptions

GreedVault

Do you think BNB will pump as the date of his release approaches?

Notoriousrb

Binance and CZ own 2/3 of BNB 🤣

Bandage79

Which one is it? I see an ETH, BNB.

VirtualSputnik

Pretty wild how xrp is still in the top 10 by MC. If you exclude btc, eth and the stable coins, it’s ranked 3rd right behind BNB and SOL.

VirtualSputnik

Pretty wild how xrp is still in the top 10 by MC. If you exclude btc, eth and stable coins, it’s ranked 3rd right under BNB and SOL. Holding up like a champ.

ARoundForEveryone

Do you want a coin like SOL or a coin like BNB? Or do you want a $20 coin that does a 7.5x, mostly in the same timespan as BTC and ETH going through their runs?

El_Demetrio

Will there ever be other coins like SOL or BNB that exploded for their owners? Is there anything out there that will literally go from $20 to $150 soon?

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by excalilbug. > [Proof of Stake](https://en.wikipedia.org/wiki/Proof_of_stake) (PoS) is currently the most popular mechanism that secures the blockchain > > But not always the most popular means the best > > The biggest problem of Proof of Stake is that you can't mine coins, you have to buy them. This gives upper hand to the rich. Rich people can buy more coins. And more coins means more power > > But that's not all. As the name suggests - you can stake your coin. And usually when you stake your coins you get more coins. So rich people, who buy a lot of coins, get even more coins. It's perpetuum mobile for the rich > > And the problem with most (all?) PoS coins is that they weren't "born" naturally like Bitcoin. True, Satoshi mined massive number of bitcoins but those bitcoins don't multiply themselves. If he wanted to have more bitcoins, he would have to compete against other miners. But creators of PoS coins leave many coins for themselves and then those coins multiply themselves by doing nothing > > Not to mention that in order to become a validator in the most popular PoS blockchains you have to be rich ([ETH = around $100k](https://ethereum.org/en/staking/)) or super rich ([BNB = around $4 million](https://docs.binance.org/faq/bsc/val.html)!!!) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

cryptokingmylo

I hold BNB token, it's basically a bet on binance and gives me some cool rewards like free tokens that they help incubate. It has outprefomed BTC massively for me and has given me a very high yeild with the free tokens.

starshiptraveler

I’m holding BTC, ETH and BNB, and parking my BNB in /r/iVestDAO/. Definitely buying this dip. Surely we’ve all learned that the dips of the major coins are always followed by new ATHs eventually? This is a long term game, buy and HOLD.

coinfeeds-bot

tldr; The SEC is maintaining its stance on a $2 billion fine against Ripple, despite Ripple's attempt to leverage a recent court victory by Binance as part of its defense. Ripple argued that the Binance case, which ruled BNB purchases in the secondary market were not securities, should influence their case. However, the SEC countered that Ripple's argument was based on a selective reading of the Binance ruling. As a result, Ripple may still face the $2 billion fine. This legal pressure has negatively impacted XRP's market price, which has dropped 9% to $0.41. Despite this, some see the price drop as a buying opportunity, anticipating a potential rally if Ripple wins the case. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

diwalost

Convert them all to one coin and withdraw that. For Binance, cheapest and easiest would be BNB.

CandidAct

BTC and ETH for storing value and gradual increase, but those aren't 100x and up opportunities anymore. What I'm trying to find out is if there will be another BTC, ETH, SOL, LTC, BNB, etc. that starts very low and goes into the hundreds. Or if those opportunities are gone. Meme coins are too risky and saturated now so I feel like the massive gains are too limited now.

josef3110

Maybe there is a simple reason for this. IMO CEX coins are not really crypto. Yes they use a blockchain and validators. But they lack decentralization and transparent tokenomics. They are promoted as utility coins, but in fact they only exist to add profits for exchanges. In the beginning BNB was a viable alternative to ETHs high transaction cost and long transaction times. But ETHs problems have been partially mitigated and alternative decentralized chains exists now as serious alternatives. I.e., even BNB has lost its purpose and use case.

jwz9904

BTC/SOL/BNB are the star performers this cycle. Good job getting 2/3. Eth is a good bet too

pb__

One thing that is not clear as of now is what will happen with USDC-margined futures. They are now in reduce-only mode and can be converted to BNFCR positions (that have to be collateralised by BTC, ETH or BNB) for full buy/sell functionality, but hopefully they will revert that and return to normal, or at the very least allow USDC as collateral.

Various_Spend4972

BINANCE has there on exchange and BNB crypto. Why can't Japan have their own exchange and Jasmy crypto. JASMY will be $17 2026

Various_Spend4972

BINANCE has there on exchange and BNB crypto. Why can't Japan have their own exchange and Jasmy crypto. JASMY will be $17 2026

coinfeeds-bot

tldr; The US Securities and Exchange Commission (SEC) lost its bid to classify BNB, Binance’s native token, and the Binance USD (BUSD) stablecoin as securities in secondary market sales, according to a court ruling. The court found the SEC's argument that BNB tokens represent investment contracts throughout their lifecycle insufficient, emphasizing the need to consider the specific details and context of each secondary transaction. This dismissal could influence other cases involving crypto exchanges and is seen as a win for the broader crypto industry, despite the court siding with the SEC on other aspects of its lawsuit against Binance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

diwalost

If he send me half, I will send him double the SOL, TON and BNB

puckmugger

Any chance someone out there got some spare bnb bep2 beacon chain? Long story short, I waited too long and now I am in need of .009 BNB bep2 (beaconchain) to swap out a token. Anyone happen to have any extra bep2 they can send me? I’ll send it back once the swap has completed. If there are any suggestions of how I can swap or purchase the required bep2 bnb I need to complete the swap, would be immensely appreciated. Bep2 bnb address: bnb1jhu8yvn8c0rk4l54hyets5zam7dmq8e8atfy2c

GoodSamoSamo

It’s among the top 3 because of what it has overcome, what it has achieved, where it is headed, and the gradual sentiment shift that is currently taking place. 18 months ago ppl were saying it was dead and pointing to all sorts of headwinds (outages, FTX, etc.). It has only emerged stronger and there is a growing cohort of smart and dumb money now recognizing that it has stupid insane potential. BNB isn’t in the “big 3” because it has no innovation going on (BTW, recent data found more than 60% of the supply is owned by CZ). Like AVAX and FANTOM, it had a good run last cycle with some unique dapps and developments, but hasn’t been able to stay relevant. I’m not the only one who thinks this - look at some of the smartest ppl in the space, like Vitalik, Chris Burniske, Santiago, Raoul Paul, Justin Bons, Meltem Demoirs, etc. 50 IQ retail morons on r/cryptocurrency would disagree, but they also think things like Cardano, Hydera, and Algorand have potential of being something. Also, a +90% retrace from ATH isn’t unique to SOL and other “shit coins.” You should try pulling up a chart sometime on BTC and ETH, then you’ll realize a >90% retrace is a right of passage in this industry.

GoodSamoSamo

It’s along the top 3 because of what it has overcome, what it has achieved, where it is headed, and the gradual sentiment shift that is currently taking place. 18 months ago ppl were saying it was dead and pointing to all sorts of headwinds (outages, FTX, etc.). It has only emerged stronger and there is a growing cohort of smart and dumb money now recognizing that it has stupid insane potential. BNB isn’t in the “big 3” because it has no innovation going on. Like AVAX and FANTOM, it had a good run last cycle with some unique dapps and developments, but hasn’t been able to stay relevant. I’m not the only one who thinks this - look at some of the smartest ppl in the space, like Vitalik, Chris Burniske, Santiago, Raoul Paul, Justin Bons, Meltem Demoirs, etc. 50 IQ retail morons on r/cc would disagree, but they also think things like Cardano, Hydera, and Algorand have potential of being something. Also, 50% retrace from ATH isn’t unique to SOL and other “shit coins.” You should try pulling up a chart sometime on BTC and ETH, then you’ll realize a 90% retrace is a right of passage in this industry lmaoooo.

aristics

SOL lost 90+% of its value since ATH when the market tanked, how could it be in the TOP 3 if it behaved like a shitcoin? If anything is in 3rd place its BNB which has a bigger market cap and behaves kinda similarly like the big 2.

Forkey1218

Hi everyone, I'm in need of a small amount of BNB to cover transaction fees on the BNB network. If anyone could kindly spare a little, it would be greatly appreciated! My MetaMask wallet address is: 0xb437c80bdf1ecafda17078012c0c32d22942d084 Thank you so much for your generosity!

chintokkong

US District Judge dismissed SEC’s claim that secondary sales of BNB token qualify as securities citing a ruling from the Ripple case where the economic reality of transactions matters when applying Howey Test https://www.fxstreet.com/cryptocurrencies/news/judge-dismisses-part-of-sec-case-against-binance-big-win-for-secondary-market-sales-of-crypto-202406290930

LegendaryJohnny

I already told you several times, that our country and our continent did palpable things for crypto and making crypto more accessable to mainstream. What did your country do for crypto? Btc was created by anonymous, ETH by Russian Canadian, BNB by Chinese and Solana by Russian - and this is most of the crypto market cap. Your country did absolute shit for crypto except bullying XRP, which is the only American creation amongst top coins lol. I would argue that most bitcoins are held by Burgers as well. I mean individuals, not fucking institutions. Me personaly I know several people holding 100+ bitcoins.

RebelliousRoomba

Okay, now compare it to Ethereum, BNB, Solana, Cardano, Tron, and Polygon. Is AVAX clearly the better platform? (I’m not saying it is or is not, I’m just walking you through my own mental process that helped me choose my own positions) Additionally, how many projects are building on AVAX as opposed to the others? A superior platform will generally have not only a lot of projects building on it, but also a variety of types of projects.

coinfeeds-bot

tldr; Crypto hacks and frauds surged to $509 million in Q2, with centralized crypto institutions being the primary targets, according to an Immunefi report. Ethereum was the most exploited blockchain, followed by BNB chain and Arbitrum. The largest loss was $305 million from Japanese exchange DMM Bitcoin. Other significant losses were reported by BtcTurk, Hedgey, Lykke, Gala Games, and SonneFinance, totaling $164.2 million. Measures have been taken by some victims, like DMM Bitcoin, to reimburse affected customers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Zealousideal-Weight5

You've already held it this long + it's not an amount worth the fees to move them & cash them out + you don't need the extra money = If I were you I would leave it where it is and continue to hold it. You aren't missing it so why not let it sit so that when you revisit it in 5 to 10 years it may then actually be worth doing something with. In fact, this is what I've done with several coins that aren't worth the gas to move 😅 can't wait for the day when you can convert all your crypto dust in your wallets to a stable coin. Like you can do on Binance by swapping all your wallet dust, that isn't worth enough to do anything with, into BNB. I really wish Coinbase would do this. Hold for the win 💯🫡

na_mostu_cuprija

Thanks for the detailed answer. > so your portfolio should be at least 50% Bitcoin. Yup, agreed. >Every cycle there are "themes". I don't really care about this - the point is not to follow the cycles, like when I invest into S&P500 I don't think whether we're in an AI cycle or whatnot, market cap just sorts itself out. My point is that I'd just pick top20 coins (20th only has a market cap of 0.24% so quite negligable, top 20 coins have 83% of the market, S&P500 has 80% so quite similar) and then add/remove coins as they enter/exist the top20. But I face the issues with stablecoins, memecoins, etc. So maybe I should rephrase my question - from top 20 coins, which ones should I keep? I don't really know much beyond BTC and ETH and some very rough understanding that there are memecoins, stablecoins, etc. My hunch is: \* remove stablecoins (there's no "dollar" in S&P500). \* As you I'd also say remove memecoins, but Annoyingly Doge + Shiba Inu would take 1.3% of such a portfolio, for comparison that's more than JPMorgan, Tesla or Exxon in S&P500. Also where is the line between meme and utility? I remember when Elon was hinting at using Doge in twitter, working with developers to make it more useful etc - nothing happened but if it did, it would turn from meme to actual coin. Out of the rest: \* What are scams? I read somewhere on this sub that XRP is a scam but I have no idea. BNB being tied to Binance - is it a scam, is it a "real" coin, will it fail with potential failure of Binance? \* Are some coins just there to be used somehow and not meant to increase in value (so in that sense somewhat similar to stablecoins) - BNB?

na_mostu_cuprija

I don't have enough karma to post, so let's try here: Say I want to invest into crypto in a somewhat principled manner, as I do into the stock market. For stocks, I can buy S&P500 = collection of top stocks weighted by market cap. I could do that with crypto, check top 20 coins and invest by market cap. However, there are a few problems: Not all coins are meant for investment, for example USDT and USDC are meant to be stablecoins so it'd be an equivalent of adding dollar, euro, yen.. into S&P500 which makes no sense. How to deal with memecoins? On the one hand it seems I should exclude them as they are just memes and useless crap.. on the other hand maybe I should just make the market decide if it's crap or not? Where's the border between serious and memecoin? Maybe there are other things to consider? Gold is not in S&P500 as it's a commodity, so should I somehow further classify coins (apart from stable / non-stable)? Some seem to be just "tools" not meant for investment, like maybe BNB, XMR, .. - but I'm not well informed so could be wrong, or it's a blurry line. Some are just scams, though I don't know if there are many scams in top 20? Well presumably Tether is one. So is there any other objective criterion to exclude coins? Any thoughts?

coinfeeds-bot

tldr; In the second quarter of 2024, cyber attacks on cryptocurrency exchanges more than doubled compared to the same period in 2023, with losses amounting to $572 million. Centralized exchanges suffered 70% of these losses, a significant shift from the usual focus on decentralized exchanges and protocols. The largest attack involved the seizure of the DMM exchange’s wallet, resulting in a $305 million loss. The BtcTurk exchange also experienced a major hack. Despite a decrease in DeFi losses by 25% from the previous year, Ethereum and BNB Smart Chain remained primary targets for attackers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AdEnvironmental7608

Absolutely agree…. BNB will be first. The rest to follow. Follow the subreddit. Big news about to drop in the KENDU world. I’m all in on this one🚀🚀🚀🚀

jawni

At first I thought DOGE would be next, but nothing outside of BTC/ETH/SOL is even in the same ballpark for volume, so I'm not sure how much demand there is. This is also a bigger mismatch than those 3, we know that investors of all sorts are warming up to memecoins, but it still seems like a longshot that institutions would care about DOGE. I really don't see any likely options to be the next ETF unless they think BNB is safe enough or they do a basket of BTC/ETH/SOL.

OGAcidCowboy

I understand what you are saying and I have looked at other crypto’s with a market cap for scarcity such as BNB, XRP, ADA and SOL and I just don’t have the same belief in those coins that I do with Bitcoin, I have a small amount of each of those (very small) on the off chance they also do a bitcoin. I looked at Ethereum, I know it’s 2nd to Bitcoin but the ability to inflate the coin with no market cap makes me dubious. If I had say $15k-$20k or more to invest then 100% I would diversify, but with such a small investment amount I don’t really have that luxury, if I spread the small capital I have too thin then unless every asset performs well I’m not really going to benefit to much. I’ve done months of research into different cryptos to see their viability and I don’t see any other currency out performing Bitcoin ***at the moment*** that may change and if it does I will reevaluate my situation, but as it stands I don’t see a more viable way to invest $3,300 (and $500 per month) than Bitcoin. I think if I was looking for a quick buck that would also make the lack of diversity dangerous but I’m in this for at least the next 10, 15 potentially 20 years!!! But I hear and appreciate your words of caution, I’m still going to invest the money I can’t afford to lose into bitcoin 🤷‍♂️

GoodSamoSamo

You’re thinking of the Nakamoto coefficient, which Solana has a score of 20 - that’s correct. BNB’s is 5. https://nakaflow.io Also, since ICO days are over, there is no other way to fund new crypto innovation without VCs. Tons of L1s and L2s raising via VCs.

GoodSamoSamo

Factually incorrect. BNB has some 46 validators participating in a DPoS consensus mechanism. More than 60% of BNB supply is owned by CZ. Solana has more than 1,800 validators, 5400 nodes in 50 unique countries and in 528 unique data centers. https://solanacompass.com/statistics/decentralization Solana isn’t “backed” by anyone. Even when FTX invested, they owned some 13% of the SOL supply (which has since been all bought up). They have a foundation, like Ethereum and Arbitrum, that does its part in bootstrapping the network. Lastly, if you think the only thing going on in Solana is memecoins, you truly haven’t done your homework. Besides, ICOs back in 2016-2017 was equally as speculative and is the large reason why Ethereum rose to prominence. The speculation attracted users, devs, and capital that never left. You clearly don’t know what you’re talking about. Not sure where you are getting your info from, but I’d guess influencers with a bias and who intentionally mispread info.

MerkleChainsaw

Solana is like Binance Smart Chain. They both prioritize speed and price over security, decentralization, or long term sustainability. They are both backed by large entities. They both got popular for gambling on memes and scammy alts. SOL definitely might stick around, like BNB does, but it’s not in the same league as ETH or BTC and doesn’t share the same principles.

_TheWolfOfWalmart_

Well I can't sit here and list every coin. I just looked through the top 50 and picked out some of the more recognizable names, then checked how much they were down on Tradingview. I didn't cherry pick, like I didn't look at one, see it did well and then not include it in the list to make a point. It's just that every one I looked at was like 80%+ down. Some are doing well like BNB and SOL (and I mentioned this at the end) but they're the exception to the rule. Give me some of your favorite alts from 2020/2021 and let's see how they're doing. Even when alt season comes, if BTC has already done another 2x by then, an alt that's 90% down today is gonna have to do like a 20x in USD from here to break even with it's prior BTC high valuation. Sorry but I don't see like ATOM, ADA, LRC etc doing 20x's.

chandlar

Here is a comment that was part of a larger comment I wrote for someone else a few months ago. I am not sure why people in this space are so against newcomers using the most secure (best) centralized exchange to hold their assets / transact while they become used to the space. I am on year 8 of being in the space, have transfered numerous large-ish (>10K USD) transactions many times using Coinbase as my fiat on/off ramp in the space. Never once have I had a single issue with them, outside of the stereotypical "server" issues; but nothing monetarily related with support. My advice to you, especially if you are new and doubly so if you only have a few thousand dollars in the space: keep your funds on Coinbase and trade their (limited) options of tokens/coins. As you become more familiar with the space, get a MetaMask wallet to interact with DeFi for all things EVM (ethereum blockchain or any of the Cosmos forked coins, like BNB/etc.) And a SolFlare wallet for Solana. Read more into the space, to determine what exactly you would like to participate in. Do not immediately jump into the weeds of ultra speculative meme-coins or equivalent using DEXes until you are comfortable and knowledgeable how exactly those transactions occur. Simply put, hold BTC and ETH on Coinbase or equivalent until you feel that you truly understand the biggest differences between Blockchains and how they can/cannot interact with one another. You cannot send BTC to an ETH address, SOL to MetaMask, etc. How DEXes work when swapping, slippage, etc. Anyways, happy you're in the space - goodluck.

CosmicConduit

So are all BNB memecoins just listed on Binance? If not, where do I buy them? Is there and equivalent DEX to Raydium and Uniswap for BNB?

Mr_Hodlerr

There is ETH and Matic (https://botsfolio.com/crypto-investment-calculator/premade-portfolio). All coins on Binance, Coinbase and Okx are there. But for premade portfolios BNB is avoided after FTX issue as lot of its holding belongs to CZ and insiders, something like FTX can happen so better to avoid these highly centralized coins. Plus you can always create your custom portfolio and add BNB.

frogman202010

So you missed ETH, Matic, BNB and all the others but you think you're in a position to help us with your AI bot? Did you not gain anything in the past 9 years? How did you end up selling this ?

Psychological-Wing89

If BNB does a 4X, does that make CZ the richest on Earth (Public Data) https://www.forbes.com/real-time-billionaires/#1567cfd83d78

GaSpartacus2018

Yes. But I would for the right amount of USDT via BNB chain

Phosphate67

CRO’s defi is up an coming. Memes gaining traction on cronos deco. Building going in. I agree it’s not at BNBs level. But with half the users (100 million now) of BNB and the potential to play catch up at 2.8% of the market Capital it seems undervalued currently. I am deciding if I convert some of my BNB into CRO if just for a short term play.

mothernaturesdog

always thought BNB as less volatile than poocoins by large extent

cenTT

Might be, but there's still a huge amount of money circulating in it. Far less than Ethereum, but considerably more than other chains. Solana traded blows with it at some point, but now BNB is ahead again. BNB is far from being irrelevant.

Mr_Hodlerr

But isn't the the BNB chain slowing down against ETH and Solana? Also their Binance oracle seems to have not done much progress.

santuccie

People’s accounts generally get hacked because of weak/reused passwords and no 2FA, or the user gets tricked into giving up their credentials. Ultimately, it boils down to people not knowing about Web security, and having little interest in learning. I use unique passwords for every account, comprising capitals, minuscules, numbers, and symbols. They are all stored in Bitwarden (with autofill disabled). I try to stick with Google Authenticator for 2FA, for two reasons: SMS is less secure, and you’re stuck out in the cold if a website’s ailing server never sends a verification code (which happens way too often), whereas the authenticator app is always ready. These days, I just use centralized exchanges in the event a DeFi off-ramp doesn’t work, like when I’m trying to sell tokens on BSC, and the app keeps switching to ETH. Otherwise, I store my coins in noncustodial wallets, where I have control over them. I have accounts with Coinbase, Binance, Kraken, Crypto.com, Pionex, and a few others. If I need to work with BNB, I’ll use Crypto.com, because it’s the only major CEX with an off-ramp for US-based users that supports it.

cenTT

You can't really compare BNB to other CEX coins because most of the other CEX's coins are only used to pay for lower fees or to give benefits inside the exchange. Meanwhile BNB has a huge DeFi (I know it's up to debate) ecossystem attached to it, so it is way more valuable than a simple CRO for example.

bzzking

BNB has utility an could be an investment option. I sure as heck would rather invest in BNB than meme coins