FAQ | Binance FAQ (2024)

FAQs

How do you make $100 a day on Binance? ›

If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.

33 billion USD (2024)

Changpeng Zhao / Net worth

Bitcoin Futures Options Expiry

These options have a put-to-call ratio of 0.62, indicating a maximum pain point of $69,000 for Bitcoin. The max pain point is the price at which most options contracts would expire worthless.

According to Binance's official website, the minimum withdrawal amount for crypto wallets on Binance varies depending on the cryptocurrency you're withdrawing. For example, the minimum withdrawal limit for Bitcoin is 0.002 BTC, while the minimum for Ethereum is 0.004 ETH.

Binance's billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California. Zhao was sentenced to four months in prison in April after pleading guilty to charges of enabling money laundering at his crypto exchange.

Changpeng Zhao, known as "CZ," founded Binance, which rapidly grew to be the largest cryptocurrency exchange in the world by daily trading volume. With a net worth estimated at $39.6 billion as of March 2024, Zhao's story reflects the fast-paced and unpredictable world of cryptocurrency.

According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

The all-time high of Bitcoin is $73,780.07. This all-time high is highest price paid for Bitcoin since it was launched.

What's the highest Bitcoin can get? ›

Because Bitcoin is so powerful and has so much potential, Bitcoin's projected value and estimated growth could be astronomical. Speculation from crypto analysts and industry experts suggests that Bitcoin's long term value could reach over $100,000 to as much as one million dollars per BTC in the future.

As of 2024, Bitcoin's highest price ever recorded is $73,844. However, the price has retreated pretty quickly due to the anticipation of Bitcoin halving (which happened on April 20, 2024) and several other factors. You can find the current Bitcoin price on the BitDegree crypto tracker.

What's more, there are Kraken withdrawal fees for crypto. Crypto withdrawals also have minimum amounts you can withdraw and crypo-based withdrawal fees. For example, the minimum withdrawal amount for Bitcoin is 0.0004 BTC, while the withdrawal fee is 0.0002 BTC.

A Satoshi is the smallest known unit of Bitcoin. One hundred millionths of one Bitcoin is equal to a Satoshi.

If you invest 100 BNB in Binance Launchpool, which allows you to farm new tokens by holding BNB, you can earn about 0.1 BNB per day, or about 3 BNB per month, based on the current reward rate of 0.1%⁴. However, this amount may change depending on the project you support and the total amount of BNB staked by all users.

Trading: This is the most common way to earn money on Binance, and it involves buying and selling cryptocurrencies to profit from changes in their prices. Trading can be risky, but it can also be very profitable if done correctly.

Log into your Binance account and navigate to the [Funding Wallet] page. Click on the [Receive] button. If you are using the mobile application, tap on the [User Center] icon on the top left of the screen, select the [Pay] option and then tap the [Receive] button.