Binance, one of the world’s largest cryptocurrency exchanges, is down. The website shows a “502 Bad Gateway” error message, and users are reporting that they are unable to login or access their funds.

Binance has not yet released an official statement, but the team is reportedly working on a fix. In the meantime, users are advised to not attempt to login or trade on the platform.

This is not the first time Binance has experienced technical difficulties. In February, the exchange was forced to halt trading for a few hours due to “irregular trades.

” And in January, Binance was down for a day due to “system maintenance.”.

The latest outage comes as Bitcoin and other cryptocurrencies are experiencing a sell-off. Bitcoin is down about 10% in the last 24 hours, and Ethereum is down about 15%.

It is not clear when Binance will be back up and running. We will update this article as more information becomes available.

Update: Binance has released an official statement attributed to CEO Changpeng Zhao. The statement says that the outage was caused by a “server time out issue” and that all funds are safe.

Trading will resume on May 15 at 04:00 AM UTC.

It’s unclear what caused the initial outage, but it appears to be related to server issues. Binance has said that all funds are safe and that trading will resume on May 15 at 04:00 AM UTC.

In the meantime, users are advised not to attempt to login or trade on the platform.

Binance is one of the most popular cryptocurrency exchanges in the world. But is it profitable?

The answer is yes. Binance is a profitable company.

In fact, it is one of the most profitable companies in the cryptocurrency space.

In 2018, Binance generated a profit of $200 million. This is an impressive feat, considering that the company only started operating in 2017.

Binance’s profitability comes from two sources: trading fees and listing fees.

Binance charges a trading fee of 0.1%.

This may seem like a small amount, but it quickly adds up. When you consider that Binance handles billions of dollars worth of trades every day, you can see how the company makes a lot of money from trading fees alone.

In addition to trading fees, Binance also charges listing fees. These are fees that new projects pay to have their tokens listed on Binance’s platform.

Listing fees can range from $50,000 to $1 million, depending on the project. Again, this may seem like a lot of money, but when you consider that Binance lists hundreds of new projects every year, you can see how the company generates a significant amount of revenue from listing fees.

So, to answer the question – yes, Binance is profitable. The company makes money from trading and listing fees, and it is one of the most profitable companies in the cryptocurrency space.

Binance, the world’s largest cryptocurrency exchange by trading volume, is expanding its operations to the U.S.

state of Texas. The move comes as the latest in a series of expansionary moves by the Malta-based firm, which has been rapidly growing its global footprint in recent months.

The news was announced in a blog post on the Binance website on Thursday, March 28. According to the post, Binance has partnered with a “leading digital asset bank” in Texas to launch its new operations in the state.

The expansion into Texas is part of Binance’s wider plans to launch a full-fledged crypto ecosystem in the United States. The firm first announced its intention to enter the U.

S. market back in 2018, but has been slow to make any concrete progress due to regulatory hurdles.

In recent months, however, Binance has made significant headway in its plans to establish a presence in the U.

, having secured a money transmitter license in Wyoming and launched a crypto-to-fiat exchange in Jersey.

Texas is one of the most populous states in the U., with a population of over 28 million people. It is also home to a large number of businesses and has a thriving economy.

Binance CEO Changpeng Zhao (CZ) believes that these factors make Texas an ideal location for the firm’s expansion into the U. market.

“The State of Texas is a major hub for business and innovation, and we are excited to expand our operations there,” CZ said in Thursday’s blog post. “We look forward to working closely with the State of Texas and all relevant regulators to provide a safe and secure platform for everyone to buy, sell, and trade digital assets.”

While Binance has not yet obtained all the necessary licenses to operate legally in all 50 U.

states, CZ believes that the firm will eventually obtain them all “in due time.” In the meantime, he says that Binance will continue to work with local partners and regulators on a case-by-case basis to ensure compliance with applicable lAWS and regulations.

Binance is one of the most popular cryptocurrency exchanges out there. And for good reason! It has some of the Lowest trading fees in the industry. But just how low are those fees?

The short answer is that the trading fee is 0.1%. That is incredibly low compared to most other exchanges, which typically charge between 0.

2% and 0.5%. But what does that mean in terms of actual dollars and cents?.

To calculate the fees, you first need to know the price of the coin you’re trading. For this example, we’ll use Bitcoin.

Let’s say the price of Bitcoin is $10,000. You want to buy 1 Bitcoin, so your order would be for $10,000.

The fee would then be 0.1% of that, or $10.

So your total cost would be $10,010 ($10,000 + $10).

Of course, if you’re a high-volume trader, you can get even lower fees. Binance offers a tiered fee structure that starts at 0.

1% and goes all the way down to 0.015% for traders who do more than $150 million in volume per month.

So there you have it! The trading fee at Binance is incredibly low, especially if you’re a high-volume trader. If you’re looking to get into cryptocurrency trading, Binance is definitely worth considering.

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. One of the features that Binance offers is margin trading.

Margin trading allows users to trade with leverage, which can be used to increase potential profits. However, it also increases risk, as losses can be magnified.

In order to margin trade on Binance, users first need to transfer funds into their margin account. They can then choose the currency pair that they want to trade and the amount of leverage that they want to use.

Leverage can be up to 3x for certain pairs.

Once they have made their selection, users will need to enter an order. Orders can be either limit or market orders.

Limit orders allow users to set the price at which they are willing to buy or sell, while market orders will execute at the current market price.

After an order has been placed, it will need to be funded. This is done by sending the required amount of cryptocurrency from the user’s main account to their margin account.

The order will then be executed when the market price reaches the user’s desired price (for limit orders) or immediately (for market orders).

Users can close their position at any time by selling their position and transferring the proceeds back into their main account. They can also choose to “add to their position” by buying more of the same cryptocurrency with leverage.

This will increase potential profits, but also increase risk.

Margin trading on Binance is a relatively simple process that can be used to trade with leverage. However, it is important to remember that leverage can magnify both profits and losses.

Therefore, margin trading should only be done with caution and by those who are prepared to accept the risks involved.