Why Doesn't Binance Show Buying Price of Crypto to anyone ? If Someone want to sell.
Binance, a leading cryptocurrency exchange, doesn't explicitly display the buying price of cryptocurrencies for several reasons:
1. Market volatility: Cryptocurrency prices fluctuate rapidly, making it challenging to display an accurate buying price.
2. Real-time pricing: Prices change in real-time, and displaying a static buying price might not reflect the current market rate.
3. Trading pairs: Binance offers multiple trading pairs (e.g., BTC/USDT, ETH/BTC). Displaying a single buying price would be misleading.
4. User understanding: Binance assumes users understand cryptocurrency trading and can interpret price charts and order books.
5. Regulatory compliance: Avoiding potential regulatory issues by not providing investment advice or guaranteed prices.
Instead, Binance provides:
1. Real-time price charts only
2. Order books (bid/ask prices)
3. Last traded price
4. 24-hour price change
Users can analyze this information to make informed trading decisions.