Probable reason for Steem popularity on Binance.

in #busy2 years ago

Binance is taking 13% of Steem volume now. That's a couple million $.

my guess why it may be popular on Binance.

If you withdraw ETH from Binance, you pay 0.01 ETH. That's 10$. Not that low, right?
Especially if you are small investor/trader.
If you withdraw LTC (more lightweight coin) you pay 0.02 LTC.
That's approx 3$. Less then ETH, but still a lot for a small transaction

what if you withdraw Steem?

If you withdraw Steem, you pay 0.02 Steem. For 3$ steem its 0.06$. 6 cents! And also Steem transactions are costless, which means that you can send it back and forth without fees.

so, for someone who did like 10$ in a day it would be a good idea to convert that money into Steem and then sell it somewhere or through Blocktrades.

thanks for attention

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This is an ingenious idea to save a lot in fee. ETH needs to scale as soon as possible, EOS is coming to town and should take a lot of his market share!

I'm not bullish on BTC anytime soon. Sorry to say that. Maybe after a couple of months I'll be bullish

Как успехи?

чет не заходил вот почти пару дней. сейчас опять в деле. по 1-2 стима в день в среднем, как-то последние дни не следил (

Ещё, насколько я знаю, стим — среди чемпионов по скорости транзакций.

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