Binance US Zero Trading Fees! Coinbase Going Bankrupt? - YouTube

binance us now has zero trading fees on the  bitcoin pairs what that's right you heard it  

right this is game changing for the us markets  coinbase is indeed gonna feel the heat and i  

will explain everything in this video so to recap  now binance us has zero trading fees it's not for  

every single pair these are repairs that will  be affected so bitcoin usd the fiat pair that's  

the first bitcoin terror as well bitcoin busd  and finally bitcoin usdc you can now trade all  

these trading pairs for free this is for every  single user it's not just the high-end users  

for everyone now keep in mind this is just for  binance us the normal binance platform still has  

normal trading fees all right but for the us  market this is really really really important  

news and why do i say that coinbase just felt 10  more than 10 in a single day because of this news  

coinbase is a very badly managed company  as you can see coinbase reported a loss  

of two dollars per share in the first quarter of  this year how you can lose so much money there's  

so many people who got into crypto last year how  are they having losses kwame's ipo started at 342  

it's now trading below 52 dollars so that's a  crash of 84 in a little over a year during the  

time that bitcoin has exploded so this leaves  me concerned about the financial health of this  

exchange and actually i just remember that i have  some bitcoin dust on coinbase and i will transfer  

everything to binance i will make a tutorial  about that i actually already have a tutorial  

but i want to make a new one for 2022 but if  you want to withdraw your crypto from coinbase  

now it's probably a good time before they actually  go bankrupt i don't think they're going to go  

bankrupt this year but i think it's going to  happen this decade so i do believe it's a good  

idea to get out of coinbase as soon as you can and  one thing i have a really hard time understanding  

is how can coinbase lose money when they charge  outrageous fees that can go as high as 0.6 percent  

you buy and sell you already lost more than one  percent this is absolutely insane trading fees  

and they can still lose money i really don't  get it now let's compare with the binance  

trading fees this is binance and the trading  fees are six times cheaper at least if you pay  

with bnb you get an additional 25 if you use the  binance referral called in the pin comment this  

is the best binance referral code it will give  you an additional 20 fee discount for life so  

your actual trading fees will be 0.055 which is  10 times lower 10 times lower than on coinbase  

it's absurd why people still use coinbase i don't  get it and i mentioned this every other video  

because i just don't understand anyway in other  news china warns bitcoins heading to zero but  

bank of england looks on the bright side so that's  something very uh curious i don't think we should  

pay attention to what the central bank say but  it's interesting that they are making statements  

about bitcoin so they are starting to acknowledge  that bitcoin is actually a very important asset  

class on the negative side or the positive side  they are talking about bitcoin and this is pretty  

mind-blowing the russian central bank said that  bitcoin payments for international settlements is  

possible i believe will be the future of payments  because russia can bypass sanctions using bitcoin  

and using crypto in general so i believe we will  see more of this and bitcoin is not going anywhere  

now that doesn't mean the price of bitcoin  will go up i don't think it's going up right  

now i think it will go down further this is the  weekly chart and as you can see bitcoin is still  

hanging below the 200 weekly mma and this is a bad  sign if bitcoin cannot recover this week above 22  

000 i think bitcoin will go much lower and here  in yellow are my expected targets that i think  

bitcoin is going to go just because of the chart  so around 12 000 and around 5 000 in the worst  

case scenario anyway this is the time to get out  of coinbase and go to binance if you are in the  

us go to binance us unfortunately my referral  code is only for the normal binance exchange  

but i'm sure you will find somewhere on youtube  and if you are not from the us then make sure to  

use the best binance referral code in the pinned  comments thank you for watching see you next time