Binance Cryptocurrency Calculation Question - It doesn't make sense

I just wanted somebody to help clarify this for me.

I recently started using Binance. I had transfer £20 worth of Bitcoins to Binance and then bought £15 worth of Cardano ADA coins which was 96 coins in quantity. 1 day later I checked Binance trade history and I see my Cardano amount:

Date Pair Type Price Filled Fee Total
2017-12-15 23:44:48 ADA/BTC Buy 0.00001217 96 0.09600000 ADA 0.00116832 BTC

What doesn't make sense is if I convert my ADA to 1GBP I don't get anything close to £15. I get £3 approximately!

I am unfamiliar with Binance so I don't know if there is any easier way of seeing my funds and the GBP equivalent amount.

Why?

Binance is a pain if you want to figure out real dollars. Many complaining about this on reddit.

You basically have to focus on whether or not your gaining more coins when you trade back to ETH/BTC than what you started with.

With a trading pair, the price of both coins matter, so that makes things a bit more complicated, because you could potentially sell after a rise in price of your primary coin (let's say ADA), but when you convert, if the other coin (let's say ETH) went up significantly as well, then you're not going to get as much ETH as you may have started with. It's a bit of a pain.

I just keep a log of my trades, the amount per coin(Xcoin/eth/btc/etc), total coins, and total eth/btc

waterworks said:

Binance is a pain if you want to figure out real dollars. Many complaining about this on reddit.

You basically have to focus on whether or not your gaining more coins when you trade back to ETH/BTC than what you started with.

With a trading pair, the price of both coins matter, so that makes things a bit more complicated, because you could potentially sell after a rise in price of your primary coin (let's say ADA), but when you convert, if the other coin (let's say ETH) went up significantly as well, then you're not going to get as much ETH as you may have started with. It's a bit of a pain.

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How does that even work, it doesn't make sense. So if I invested 1k USD in xrp ripple, and the price of it goes from .70 to 1.00 USD and during that time, BTC rises to 25,000 USD, when I trade ripple back for BTC, I would end up with less money then?

I stopped reading when I saw $20 in bitcoin....

SEOLair said:

I stopped reading when I saw $20 in bitcoin....

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ROFL. sad but true.

Why the hell would you invest just 20 of anything (usd, pounds rupees whatever)?
If you cant afford to invest some serious money dont waste your time

The fees are huge when moving BTC there is also fees when you buy/sell. it's probably in the fees lost I dought binance cares about 20 pounds they make 20 million or more.

zionbar said:

ROFL. sad but true.

Why the hell would you invest just 20 of anything (usd, pounds rupees whatever)?
If you cant afford to invest some serious money dont waste your time

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Yes dude invest 5k then change them in bitcoin, and give 50% to binance, or this is not deal of the day?

r3L4x said:

Yes dude invest 5k then change them in bitcoin, and give 50% to binance, or this is not deal of the day?

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what are you talkin about?

Thanks for the replies!

The other thing I am getting annoyed about are all these talks and mentions both on website and YouTube videos about marketcap. Why the heck should I care about marketcap FFS! i even read an article online about stocks, share prices and market cap. Basically it is saying that the marketcap is more important since it shows the value of the company. But I am not going to buy a freaking company! So why should I care! All I care about is if the price of the crypto price is going to go up or not! Why they keep talking about marketcap, like it is what will make them money?!!!

Lol

MikeGreo said:

Thanks for the replies!

The other thing I am getting annoyed about are all these talks and mentions both on website and YouTube videos about marketcap. Why the heck should I care about marketcap FFS! i even read an article online about stocks, share prices and market cap. Basically it is saying that the marketcap is more important since it shows the value of the company. But I am not going to buy a freaking company! So why should I care! All I care about is if the price of the crypto price is going to go up or not! Why they keep talking about marketcap, like it is what will make them money?!!!

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OMG ! Whatttt ?????? What The ... you Say ? Learn How to invest ! OMG i cant beliere i read that ... first of all you invest 20$ in Bitcoin to Binance ? Bitcoin Take 5-15 $ Per transaction ! So if you want to deposit 20$ you will get only 10-15$ Wörth on Bitcoin ... and Why you blame binance ? Because you are toooooo ........ to know How to convert ? Maybe you set something wrong and i believe that 95% because you really But really dont know How to invest ! OMG ... How Old are you ? I already use binance For trading For 12 transactions is not my favorite trading platform and everything was Good i invest 1000$ Per crypto maybe more and You dont know The real meaning of marke cap ? And you are an investor right ? Gooood job MAN )))))))))))))) blame For nothing tooo many Good investors here i dont want told you what is The real meaning of Market cap just read and lean





P.s i hope you troll ... Please Tell me thats a Joke...



Btw Good Luck in The future ! You are one of The Best investor