Binance Review 2018: Comprehensive Crypto Coin Exchange
Binance is a Chinese cryptocurrency exchange. Binance was created after attracting funds via an ICO (Initial Coin Offering – creating a new digital asset, backed by the project. Changpeng Zhao, former CTO at OKCoin is currently at the helm of Binance. They are known for fast processing speeds coupled with an ability to process enormous numbers of transactions (1.4 million) each second. It’s been quickly gaining ground in market share cementing a place as a top 20 exchange in terms of volume.
Binance transaction has reached a new level and currently score tenth place in the world. Binance offers a generous daily withdrawal limit. They don’t need identity confirmation when the per day remittance is within limit of 2 BTC.
Binance Features
Binance’s trading platform is web-based. Furthermore it offers two distinct trading layouts, a more simple one and a “Pro” version.
Their ICO has created tokens named BNB that are traded on the exchange. They can also be used as a method of paying your trading fees, which will reduce them by 50%. Binance offers their own startup incubator platform as well. The trading functionality of the platform was of more interest so we focused on that for the purposes of this Binance review.
Below is the “standard platform” look:
Below is the advanced display:
BINANCE Advantages
Large Cryptocurrency Pairings Supported
The competitive advantage of Binance’s platform is the ability to trade every major cryptocurrency pairing in existence. Coinbase and Gemini only offer trading of a handful of the larger market capitalization cryptos, whereas Binance allows users access to trade over 100 crypto coins.
Low Fees AND LIMITS
The fee structure is simple as well as being priced. There is a flat 0.10% fee on all trading. The 0.10% fee on trades is one basis point. If you were to buy a cryptocoin at 100 you’d have to sell it higher for 101 to profit.
Ease of Setup
Setting up an account is straight forward, similar to signing up for an account with other service providers. Another advantage is there is no lengthy waiting time, users are able to get setup and running within minutes. This is due to the fact that fiat is not accepted on the exchange.
Binance Provides Significant Trading Volume
Binance is currently the third largest exchange by cryptocurrency trading volume, according to coinmarketcap. At the time of writing, Binance’s volume was an astounding $5,441,711,452 in the last 24 hours! This volume demonstrates their users clear trust in the exchange, as well as the accessibility of the exchange and ease of transacting. This type of volume requires substantial servers and computational power.
Wide Support of Cryptocurrencies
No Verification Requirements
Binance doesn’t require identity confirmation in instances when the per day remittance is within the limit of 2 BTC. The attractiveness of setting up an account with Binance may be greater for a user in a jurisdiction where certain exchanges choose not to allow new users because of restrictions imposed by that location’s governing regulatory bodies.
Ease of Use
You’re able to buy and sell crypto pairings with market or limit orders while specifying the amount or percentage you wish to trade for each transaction.
BINANCE Disadvantages
No Leveraged Margin Trading
Margin trading is not available at Binance. Margin trading is a system which allows you to trade with more money than you actually have in your account. Your balance is then used as a guarantee to maintain your position open.
No Fiat Functionality
This has both advantages and disadvantages. Government fiat deposits are not currently enabled in Binance, instead this exchange focuses only on the digital side of things. Clients can deposit and withdraw the coins supported at the exchange. This means that you’re not able to deposit or withdraw in fiat currency, only cryptocurrency is supported.
Relatively New
Binance was started in only July 2017, according to this Reddit post. This is a major concern, as they don’t have a history. Despite all the good things people are saying on Reddit. it’s worth mentioning as many exchanges have come and gone. Binance appears to have a visible co-founder, unlike BTC-E.
Conclusion
Accessible option for obtaining Different Cryptocoins
Binance is the most rapidly-growing and communally praised cryptocurrency exchange available. It’s China based location may spell issues in the future due to rumors of a “crackdown“. that currently accounts for a large amount of volume. Although Binance targets high frequency traders, it is quite useful for those getting beginning with altcoin trading. Their lack of fiat money deposits may be difficult to swallow for beginners, only supported cryptocurrencies may be deposited. Binance boasts a large number of various cryptocoins for trading.
The main benefit is the ability convert between cryptocurrencies. For instance exchanges such as Coinbase and Gemini are more limited in the number of cryptocurrencies offered. The interface is also conducive to support shorter duration hold time day trading of cryptocurrencies if one were so inclined to deploy that strategy. Binance is an exchange worth looking into and integrating into crypto trading just for their large amount of supported crypto coins.
How to Purchase Landlords Contents Insurance Safely
If you're a landlord, replacing your contents can be costly if you don't have the proper contents insurance cover. If you follow some specific guidelines for creating your landlord contents insurance policy, contents cover is much easier to find and affordable. Most of those guidelines involve making sure your contents covers, what's important.
Also, for proper landlords insurance, installed items that are permanently fixed, need to be insured as well as furniture and fixtures.
Here are some tips to follow!
• Ensure that your policy has cover to include soft furniture and items like beds and carpets, stuff that's expensive to replace, but essential.
• To be certain of what's covered and what's not covered, we can't tell you in this article because all insurance companies are different. If the insurance company includes it in their policy, it is covered.
• Wardrobes, either one that comes out or one that is fixed in place, along with fitted bedroom furniture, must be covered. There is no prescribed limit for how many you have. If your wardrobes are stand-alone, that's fine. Your insurance company simply needs to know you have the items listed.
• You'll need some sort of solution to cover the rent if your property becomes vacant, the perfect solution for this is take a loss of rent policy, which will do the job, just nicely.
• Take out boiler protection as emergency assistance cover, this is a brilliant add-on for landlords. Emergencies cost money, if you don't have this policy, good luck with your wallet.
Just as you need this protection, you'll need to have a minimum level of liability insurance and employee liability if you employ. Landlord insurance does require this for safety or any other purpose, only to show that you do have a fully insured business and not something that is likely to cause you problems.
Cover yourself at all times with these top tips!
Once you've finished fitting your furniture, take photos of each of the different bits you've installed in such a way that it is clear they are there, and it is clear that they all belong to that property. You can also take pictures of the outside of your house as it comes in handy if you need to make a claim. Most landlord insurance companies require the receipt of purchase, so keep your receipts handy.
Without those complete pictures and receipts, the insurance company could refuse replacement of your fixtures in the event that you have a break-in, resulting in damage or destruction of these contents. If you're using a private company to install the furniture, make sure head office sends you an invoice and keep all the receipts and forward copies to your insurance company.
Best Tips For Switching Landlord Insurance
If you've been with a single insurance company for a while, the idea of switching landlord insurance may start growing attractive. Perhaps you've reached a point in your business where you think you deserve a break because you have a few properties. Or maybe you're tired of your original landlord insurance company not giving you a price break, despite your longstanding good customer status and history of always paying your policy on time.
If you're thinking about switching insurance, here are some things to consider in order getting the best possible deals.
1. Let your current company know that you are considering switching your landlord insurance, and that you've already started looking about for a better deal. Often, just the idea that a good customer is getting ready to switch to a different insurance company is enough to get your old company to give you a better deal. If you're satisfied with what they offer, no need for switching. If you don't care for the deal they offer, go ahead and move forward with your search and let them know.
2. Don't just look at one or two companies, and don't just look online. You'll find a lot of insurers online, and you'll find a lot of discounts online. You won't however, necessarily find rock bottom prices online. If you're defiantly switching your insurance policy, talk to a broker as well as using comparison websites, and preferably an independent insurance broker who can look at several different companies and give you the best overall deal between them. An independent landlord insurance broker works wonders, because they work on commission and know how to play different insurance companies against one another, they are often able to find you a better deal than even the best online insurance company.
3. Try to get a good deal from an insurer who already covers your properties and business when switching. If you already have a good independent insurance company providing cover for your business or home, they are best possible solution to discuss switching commercial landlord insurance with. Because they are already making a profit from you, and they already know all your needs and concerns. They may also be able to get you good package deals, with one company covering all your different needs for a much better price.
4. Look for every possible discount before switching landlord insurance. Investigate this before asking questions from brokers like, what companies they work with, what discounts can they give you, what is the procedure involved in your part, and other often overlooked details may be able to improve your price drastically when you're switching insurance for landlords.
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