Binance Smart Chain is a high-performance blockchain that is compatible with Ethereum’s virtual machine. It is an EVM-based blockchain that uses the Binance Chain consensus model and operates on a Proof-of-Stake (PoS) model.

The Binance Smart Chain mainnet launched on September 1, 2020.

The Binance Smart Chain has a native token, BNB, that is used to pay for transaction fees. Unlike Ethereum, there are no gas fees on Binance Smart Chain.

Instead, transaction fees are paid in BNB and are used to incentivize node operators.

BNB can be staked to earn rewards from transaction fees. When staking BNB, you can choose to delegate your stake to a validator or run a validator node yourself.

Validators earn rewards based on the number of blocks they validate and the amount of BNB they have staked.

The lack of gas fees makes Binance Smart Chain an attractive option for developers who want to build decentralized applications (dApps) that are cheaper to deploy and run than on Ethereum. However, because Binance Smart Chain is still relatively new, it remains to be seen how well it will scale as more dApps are built on it.

When you place a market order, you are telling your broker to buy or sell an asset at the best available price. This means that your order will be filled at the next available opportunity, which may be at a slightly higher or lower price than the current market price.

limit order, on the other hand, is an order to buy or sell an asset at a specific price or better. A limit order ensures that you will never pay more than your limit price, but it does not guarantee that your order will be filled.

So, are market orders more expensive on Binance? The answer is maybe. If the market price of the asset you are trying to buy is higher than the limit price you set, then your market order will be more expensive.

However, if the market price is lower than your limit price, then your limit order will be more expensive.

Binance, the world’s largest cryptocurrency exchange by trading volume, has been a Target of hackers since it was founded in 2017.

In July 2018, hackers stole more than $30 million worth of digital currency from Binance. The attack affected both Binance’s hot wallet (an online wallet connected to the internet) and its cold wallet (a offline wallet not connected to the internet).

Binance CEO Changpeng Zhao immediately announced that all stolen funds would be reimbursed from the company’s “Secure Asset Fund for Users” (SAFU), a risk management fund that Binance set up in case of an attack.

This attack was a wake-up call for Binance and other exchanges. It highlighted the need for better security measures to protect user funds.

Binance has since implemented a number of security improvements, including multi-factor authentication, hardware security keys, and withdrawal limits. It has also created a dedicated Security team and established a Bug Bounty program to encourage researchers to report vulnerabilities.

Despite these measures, Binance was hacked again in May 2019. This time, hackers stole 7,000 Bitcoin (worth about $40 million at the time) from the exchange’s hot wallet.

Once again, Binance reimbursed all stolen funds from SAFU. And once again, it pledged to improve its security measures.

The most recent hack on Binance occurred in December 2020. This time, hackers used phishing attacks to steal more than $15 million worth of cryptocurrency from user accounts.

Once again, Binance reimbursed all stolen funds from SAFU and vowed to improve its security measures. The exchange also announced that it would be “donating” $10 million to help “accelerate the development of open-source security tools.”

So far, Binance has been successful in reimbursing all stolen funds and maintaining user confidence in the exchange. But the question remains: are funds safe in Binance?

The answer is complicated. On one hand, Binance has taken significant steps to improve its security measures and is quick to reimburse users when hacks do occur.

On the other hand, it seems that no exchange is completely safe from hacking attempts – no matter how many safety precautions are put in place.

Islamic scholars have long debated the permissibility of futures contracts. The general consensus is that they are permissible if the underlying asset is permissible, and if the contract is settled in cash.

However, there is some disagreement about whether cryptocurrency futures are permissible.

Binance is a cryptocurrency exchange that offers futures contracts on a variety of cryptocurrencies. Some of the cryptocurrencies that are available for trading on Binance Futures include Bitcoin, Ethereum, Litecoin, and XRP.

The vast majority of Islamic scholars would say that Binance Futures contracts are permissible as long as the underlying asset is permissible. However, there are a few scholars who have raised concerns about the permissibility of cryptocurrency futures.

One of the main concerns is that cryptocurrencies are not well-regulated. This could lead to manipulation and speculation, which could ultimately hurt investors.

Another concern is that cryptocurrencies are often used for illegal activities, such as money laundering and financing terrorism.

However, it is important to note that Binance Futures contracts are cash-settled. This means that there is no actual exchange of the underlying asset taking place.

Instead, investors simply agree to buy or sell an asset at a certain price at a future date. This reduces the risk of manipulation and speculation, as there is no actual asset to buy or sell.

Overall, it is up to each individual Muslim to decide whether they believe Binance Futures contracts are permissible or not. However, the vast majority of Islamic scholars would say that they are permissible as long as the underlying asset is permissible and the contract is cash-settled.

Binance and Coinbase are two of the most popular cryptocurrency exchanges available today. Both exchanges offer a variety of features and benefits that make them attractive to users.

When it comes to fees, Binance is generally considered to be the better option.

Binance has a tiered fee structure that starts at 0.1% for trades. This is already lower than Coinbase’s base fee of 0.3%.

However, Binance offers discounts to users who hold its native token, BNB. These discounts can bring the fees down to as low as 0.05%.

In addition, Binance allows users to pay their fees with BNB. This further reduces the cost of trading on the exchange.

Coinbase does not have a similar feature. Overall, Binance’s fees are lower than Coinbase’s, making it the better choice for those looking to save on trading costs.