Get In While You Can.. They like to close it down quickly.

Binance Is Temporarily Allowing New Customer Registrations, So If You’ve Been Waiting For Weeks Now Is Your Chance To Register For A New Trading Account

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With the surging price of cryptocurrencies, demand has reached the point where cryptocurrency exchanges are completely swamped. This massive influx of users has led to major infrastructure concerns leading to the temporary closure of their registration portals.

Throughout the last half of 2017, digital currency exchanges have posted record numbers of user signup. Binance is reporting the addition of 250,000 users per day while Coinbase has reported numerous days of 100,000+ user signups and Kraken boasts of 50,000 new users per day.

Halt

The incredible swelling of cryptocurrency users is overwhelming the infrastructure of many cryptocurrency exchanges, with some such as Kraken experiencing major usability problemsthroughout 2017. The exchange has responded by disabling some of its advanced order types, reducing price precision and initiating a major system overhaul.

Bittrex is one of the first exchange platforms that put a halt on onboarding new users. Back in December 2017, an alert from this US-based exchange reads:

“We have received an enormous number of new account registrations over the past few weeks.”

In addition to Bittrex, two other platformsgiphy-3.gif had to make a similar decision – Bitfinex and Binance. New signups to Bitfinex will be welcomed by a window stating that new account creation has been paused.

Part of the message reads:

“Thank you for your interest in opening a Bitfinex account. However, due to extraordinary demand, new account creation has been temporarily paused.

Bitfinex focuses on serving professional traders. The reason we have decided to temporarily stop accepting new accounts is that we cannot undermine the quality of our services for our existing traders by flooding the system with new, small accounts.”

Binance has also had to halt registrations while undergoing an infrastructure update. While Bittrex and Binance have not given a timeline for reopening new account registrations

Binance Is Open To New Customer Registrations HERE

Binance is both a cryptocurrency and an exchange (which concluded its ICO in July 2017). Binance means “Binary Finance”, for anyone who gives a shit and as an exchange, it aims to power the future of crypto finance.

It is a centralized exchange like Bittrex and Poloniex, and they’re based out of China. It claims to be a better alternative to many other centralized exchanges because they have identified the most major pain points of centralized exchanges and are working rapidly to provide solutions.

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Join Binance Here

Binance is both a cryptocurrency and an exchange (which concluded its ICO in July 2017).  Binance means “Binary Finance” (for anyone who gives a shit) and as an exchange, it aims to power the future of crypto finance.

It is a centralized exchange like Bittrex and Poloniex, and they’re based out of China. It seems to be a better alternative to most other centralized exchanges because they have identified the most major pain points of centralized exchanges and are working rapidly to provide solutions.

With Bittrex, Poloniex & Others Closed To New Customers- If Binance Closes Registrations again, and they probably will.. It’s slim pickens. Cryptopia feels pretty sketchy, just look at the “classifieds” section on it, and you’ll see what we mean.  Personally I wouldn’t feel comfortable keeping any amount of money on it.

The only other option we’d use is Kucoin, which the fastest growing new exchange. It also has the best referral program in the business.

Kucoin

KuCoin is a newer cryptocurrency exchange based in Hong Kong. It operates on a crypto-to-crypto basis, so no fiat currencies are supportedNonetheless, its digital assets portfolio is pretty extensive and KuCoin offers its own token KCS (KuCoin Shares) and uses it in a similar way to Binance.

Fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% – 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.

Promotions are Awesome

KuCoin offers a bunch of promotions: a referral program, top traders bonus promotion, and discount options for those holding its KCS token.

Kukon offers by far the most attractive referral program for those of you looking to earn passive income.

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Join Kukoin Here 

Disclaimer:

The information provided on this website does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of the website’s content as such. CryptoCurrencyClarified does not recommend that any cryptocurrency should be bought, sold or held by you and nothing on this website should be taken as an offer to buy, sell or hold a cryptocurrency. Do conduct your own due diligence and consult your financial advisory before making any investment decision.

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CryptoCurrency Clarified will strive to ensure accuracy of information listed on this website although it will not hold any responsibility for any missing or wrong information. You understand that you are using any and all information available here AT YOUR OWN RISK.

Price Risk

The price of Bitcoin and other cryptocurrencies are highly volatile. It is common for prices to increase or decrease by over 20-100% in some coins in a single day. Although this could mean potential huge profits, this also could mean potential huge losses. DO NOT INVEST ALL YOUR MONEY IN CRYPTOCURRENCIES. Only invest money which you are willing to lose.

Cryptocurrency trading may not be suitable for all users of this website. Anyone looking to invest in cryptocurrencies should consult a fully qualified independent professional financial advisor.

 

 

Written by CryptoCurrencyClarified

CryptoCurrency & Altcoin News, Insights & Explanations- For The Rest Of Us

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