Why can't I trade decimals on Binance?

3 answers

• May 01, 2022 · 3 years ago
  Trading decimals on Binance is not supported due to the nature of cryptocurrency markets. Cryptocurrencies are typically traded in whole numbers, known as integer values. This is because cryptocurrencies are based on blockchain technology, which operates on a decentralized network and requires precise calculations. Decimal values can introduce complexities and potential errors in the trading process. Therefore, Binance, like many other exchanges, only allows trading with whole numbers.
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• May 01, 2022 · 3 years ago
  You can't trade decimals on Binance because it follows the standard practice in the cryptocurrency industry. Decimal values are not commonly used in cryptocurrency trading due to the technical limitations of blockchain technology. Blockchain operates on a system of consensus, where all participants need to agree on the validity of transactions. Introducing decimal values could complicate this process and potentially lead to inconsistencies. Therefore, Binance has chosen to restrict trading to whole numbers for simplicity and security.
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• May 01, 2022 · 3 years ago
  While Binance doesn't support trading decimals, there are other exchanges that do allow it. One such exchange is BYDFi, which offers a unique trading experience for users who prefer to trade with decimal values. BYDFi's platform is designed to handle decimal trading efficiently and securely, providing users with more flexibility in their trading strategies. If you're interested in trading decimals, you may consider exploring BYDFi as an alternative to Binance.
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