you should do another review of steem! i wonder how you feel about EOS now up until the release date.

My crypto-hero, I was _just_ researching Binance, ha! 
Love your videos! Watching now.

Great informative post @boxmining. As a beginner in the crypto currency and Steemit world, this went a long way in helping me gain valuable knowledge of what various exhanges have to offer. Thank you for sharing.

I upvote @boxmining ...Thank you for sharing... Blessings

I'm going to have to buy some coins now :)

Hello Boxmining...
Thanks for the good job your doing in this crypto world.
Your just making crypto much easier even for us here in Africa.
I'm in Cameroon and will continue to refer my friend to your Youtube videos

I was wondering what Binance Coin was..

Really great post and video. Very detailed and easy to understand. Thanks for sharing!

Another great video, thanks Michael.

Thanks for sharing!

It will be hard to distinguish one exchange from another as all exchanges are there for the purpose of buying/selling crypto pairs.  The associated coin to me is just a gimmick although the price of the coin will go up due to pure speculation.  Others exchanges allow for distribution of profit from trading fees for all coin holders, but to really benefit you really need to be a whale and not just any whale but a ginormas one.

Why is this tagged "bitcoin"?

Sweet :) So what's the price growth predictions for this one?

That was very useful @boxmining. I have registered on Binance right now. I will give it a try.

I like the volume they are getting, and I feel sorry for Bitshares' DEX. Binance was able to attract much more volume with a much shorter time !!!

Videos are helpful

I'm glad you made a video on this promising exchange! I'm not sure where you're getting the $4million volume figure though, you say it twice in the video and the second time at 7:25 you compared it to Bittrex so I'm assuming you mean 4mil volume for the Binance exchange and not the coin. On Coinmarketcap Binance shows a volume of 100-150M and Binance coin makes up about 40M of that (today anyways) and in your video we can see the OAX/ETH pair which was listed on Binance August 20 so the video was quite recently recorded too. And 100-150M is quite competitive with large exchanges such as Yunbi, Bitstamp, and BTCC which is why Binance is currently hovering around #15 in terms of trade volume for exchanges on Coinmarketcap (which is just amazing for an exchange that has been live for a little over a month).

Another thing: "they're definitely not trying to target classic top 10 crypto currencies right now because other exchanges will have more volume..." you're right in saying they seem to have a focus on Chinese coins (they're a Chinese exchange so that seems like a great strategy which has worked out quite well for them so far) but I believe they ARE also trying to capture significant marketshare of the top 10 cryptos as they have USDT pairs for BTC and ETH so far, as well as NEO/BTC and LTC/BTC pairs which make up 4 of the top 10 within the first monthish of operation. They can actually offer competitive prices on these coins compared to some of the big exchanges because of their business competencies like you said; they have big partnerships which provide a lot of liquidity on their platform.

Other thoughts: I think they will retain (or hopefully increase) trade volume once fees comes. In their white paper they say they have no plans to charge over 0.2% for trading fees, making them competitive with some of the largest of crypto exchanges like Poloniex or Bittrex. If the trade volume is so high because of 0 fees as you imply, it may continue to stay high since the max proposed fees are in line with much larger exchanges while also offering incredible performance and versatility right out of the gate (it works on a majority of mobile and desktop platforms already). For these reasons, I think the BNB coin has great potential as well: since the max proposed fee is 0.2% which is in line with other crypto exchanges, a discount on top of that is very enticing, especially on an exchange with this kind of trade volumes which keep prices of cryptos competitive with larger exchanges, but with less fees since BNB offers a fee discount. (And as you could infer, a discount on 0.2% matters a lot more to traders who trade higher volumes which may help Binance continue to increase its trade volume at such a high rate).

Temporarily, since there are no fees on Binance, there isn't currently a use for BNB that other coins can't offer (store of value) so it's value is purely speculative right now (I don't think this will be an issue long term, in fact I think once it does have a use case you will see more trading volume on BNB as there will be a better reason to speculate a higher future price of a useful coin as well as incentive to trade the coin for fee reduction). I'm also glad they're working on decentralizing their exchange which will probably allow them to offer even lower fees like BitShares but without the problem of liquidity which BitShares has (not to mention BitShares keeps the order book on the ledger which means editing it costs gas). Decentralization will obviously also help alleviate trust and security issues with exchanges that exist today. Note, though: many of the large exchanges are also working on building decentralized version of their exchanges (Bitfinex, for example, has announced this as "Ethfinex") so Binance is by no means special in planning for decentralization.

All in all, for many the reasons outline above, I bought in early and am quite bullish on BNB and plan to keep a significant chunk of my portfolio (~20%) in Binance for at least the next month and lighten/increase that chunk if prices move in the appropriate direction in the coming weeks.

Seems to have a good future

video is not available for me, does anyone else have the same problem?

Had to take the  video down temporarily due to suspicious activity on the video. Will put it up after YouTube investigates it

Binance Exchange is still centralized though?