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.
Figuring Out If A Car Accident Lawyer Is Necessary
No person wants to get into a car accident, but it constantly occurs even if nobody wants it. The majority of people today own at least a single auto and with today's large metropolitan areas and twisting, mountain routes, and also the sheer number of vehicles on the highway, chances are high in which at some time, you can be in a car accident. If this type of accident will come up, there are a number of ideas you need to recognize about finding a legal professional and when you should do so.
Guidelines On Hiring A Car Accident Attorney
To begin with, you need to know that there are three common categories your case will fall under. The assistance of a legal professional is not essentially necessary in all these cases. Listed here are the three most familiar types of cases.
Damage To Property
Services of a lawyer are not generally required in case you come across a crash wherein you didn't acquire any kind of bodily injuries. The opposing insurance company adjuster will most likely be able to work out the case for around exactly the same cost that you might obtain if you employed a vehicle accident lawyer. If ever you end up in this type of incident just like this one, you may anticipate the appropriate budget with regard to fixing or replacing your car, plus the cost of a rental vehicle until the car repairs are finished. In case your vehicle needs replacement, you can acquire certain quotations from dependable body shops and get some good information on the present market value. When you have received several estimates, then do a comparison of those with the insurance adjusters figures. Kelly Blue Book is a great place to acquire fair market value on your motor vehicle if it has been totaled.
Minor Injuries
In the event you get into a car accident and you experienced minor traumas, much more complicated methods are usually necessary. If you're able to recuperate quickly, you probably don't have to employ a lawyer. When we are talking about minor accidental injuries, it generally refers to medical charges that do not exceed $1000.00. It is possible for you to learn sufficiently from a variety of self-help manuals on settling with insurance adjusters. Hiring a legal professional in such cases will almost certainly get you a decreased settlement as a result of lower value of the claim.
Major Injuries
Should your incident has caused a lot more than property damage or minor traumas, then you will most likely must employ a car crash attorney. The average person does not know how to accurately and boldly negotiate with large insurance providers or insurance adjusters, and if you're not an attorney yourself, you're at a great disadvantage. It's during these more serious cases that the insurance adjusters will most likely try to convince you that employing a lawyer would certainly greatly reduce the settlement you deserve, or that it would likely result in a big delay in getting the funds. Nevertheless, the stats from a lot of insurance firms in the market don't support this. The Insurance Resource Council shows that individuals received three times more money when they have a legal professional. Therefore, never ever resolve major injury cases by yourself! You need the expertise of an experienced car accident lawyer which handles personal injury cases.
The last thing you'll need to be doing as you heal from any sort of personal injuries is try to manage the insurance providers all by yourself! You should be free to give full attention to your family and also on getting your life normal again.
Critical Decisions in Your Retirement Planning
Retirement Planning may be looked at as having two distinct phases; the Accumulation Phase and the Distribution Phase. Let's take a look at both.
The Accumulation Phase is the period of time between starting your working career and your ultimate retirement. This is the time when you set money aside for future use. This money, when combined with Social Security and a company retirement plan (if any), will provide the income after you stop working. We can debate the "best" way to accumulate retirement dollars until the cows come home and never reach a conclusion. Asking the questions about should I invest in mutual funds or the market, or should I focus on guarantees with CDs, money markets, annuities or permanent life insurance can and should be answered with a resounding YES! After all, the alternative is not accumulating anything at all. Each savings or investment product has plenty of merit and each has ample drawback. There is no one right answer, but there are abundant "next right answers". If indecision leads to inaction in your accumulation phase the results will be foreboding. Consider using some of each and develop a plan that fits your comfort zone.
The Distribution Phase is the period of time between the end of a working career and, well... the end. The concern here is that we have no idea how long a time that will be. So, we run the risk of a) running out of money before running out of time, or b) not enjoying our retirement lives because we are holding onto our money in fear of running out. The key issue in the distribution phase is having a plan that will account for, as best we can, how long our money can last, the income that we may enjoy from that money and steps we may take to assure that we will enjoy retirement without worry about running out of money. After all, once you hit retirement the paychecks are in the rearview mirror. Every plan needs to make sure there is a guaranteed source of income that cannot be outlived. An income at the very least that will cover living expenses: food, utilities, shelter and clothing. So, not to put too fine a point on this, some of your retirement money should find its way into an annuity.
Putting the two phases together to achieve a retirement income goal requires action, determination and ongoing attention. This is an activity that should not be postponed regardless of which phase you may be in currently. Retirement planning needs to be proactive, taking the action to pay "you" first and to consider and plan for life's contingencies. Otherwise, you may be dependent on the "Blind Squirrel" strategy. That being... even a blind squirrel will occasionally find a nut.
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