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.
Be Careful What You Say To The Other Side In Making A Car Accident Compensation Claim
When you are in a car accident, that clearly wasn't your fault, you may say something like, "it wasn't all your fault" to the other driver to relieve the tension. In the same vein, you might say something similar or something else detrimental if the claims adjuster from the other side calls you.
Watch What You Say
When that accident happened, through no fault of your own, you were put in an adversarial position with the other party, even though you may be the most easy-going type of person that likes to get along with everyone. What is in your best interest in most cases will be the exact opposite of what will be in the other party's best interest as well as their insurance company.
At The Scene of The Wreck - Be Careful What You Say
The shock and stress of being in a collision can be overwhelming, it can even render you unconscious. Try not to say much of anything, if you are seriously injured, just speak with the medical first responders.
If you are not injured or have minor injuries, there are things that can help your case that you can do:
• Give assistance to anyone who is more seriously injured than yourself until medical first responders arrive.
• Write down the model, make, color and vehicle license number of all the cars in the collision|
• Speak with any witnesses that you see to find out what they saw and get their contact information if they are willing to help.
• Get the insurance information from the other parties.
• Do not get into a conversation with the other drivers as to how the accident happened. Politely defer if asked and more firmly if pressed.
What To Do Later
Your own auto insurer may or may not become involved in this depending on their company policy, but you should notify them as soon as you can. Your insurer will, at the least, be able to provide with information on how to proceed with the car accident compensation claim.
Who Can Help Me?
You may want to consider bringing on a personal injury law firm to represent you with the party at fault's insurance carrier, depending on the severity and extent of your damages and injuries. The people who you will be negotiating with, whether they are adjusters or attorneys, will certainly be professionals who do this daily and know their stuff. You want someone with similar qualifications on your side of the negotiations.
You want your personal injury law firm to bring to the negotiating table:
• Knowledge of the personal injury law as it applies in your area of the world.
• The ability to negotiate with the insurance companies that comes from doing this almost daily.
• Their knowledge of the current value of all the damages and injuries that you sustained in the accident.
• If needed to reach an equitable settlement, the ability to take the case to a court of law.
• To give you the peace of mind that you are being represented by a professional.
Forex Megadroid - Explore the Prominent Features of the Forex Megadroid
The expert Forex traders benefit from the gains of trading with automated tools. For the Forex trading newbie, trading with Forex robots is the easiest way to commence Forex trading. This is contrary to the conventional Forex trading that demands in-depth knowledge of Forex trading before ever practicing the Forex trade; Forex robots are new-users friendly. One of the Forex robots that can be trusted to produce outstanding result is the Forex Megadroid.
Since its inception, Forex Megadroid has remained the Forex traders's favorite. However, if you have not used this Forex robot before, you have to pay attention to its features and functionality in order to maximize its benefits. This review is focused on the prominent attributes of this exceptional automated Forex system.
Forex Megadroid foresees into the future with great accuracy and precision of 95.82 percent; this feature has contributed to the popularity of this auto Forex trading tool. The users of the this trading robot have reaffirmed that the robot predicts the market trend accurately in the following two to four hours interval; the more amazing thing is that the program have the capability to adapt itself to the prevailing market situation.
Incorporated in the Forex Megadroid, is an extraordinary artificial intelligence technology that powers the high precision and accuracy of prediction of this Forex software. This technology is known as the Reversed Correlated Time and Price Analysis, usually represented with the abbreviation RCTPA. This technology is quite recent; it was quite thoughtful and a work of expertise for Albert P and John Grace to incorporate this powerful technology into this Forex trading program. This Forex robot is the sole Forex trading software to use the RCTPA in the most recent time. Profitable trade execution is facilitated by the Forex robot under review, powered by the RCPTA, which is able to adjust to the prevailing market situation.
The Forex Megadroid is reliable to produce consistent results un-endlessly; this has been made possible by the artificial intelligence-based technology at work in this robot; this is another great reason why this automated Forex program stands out from the crowd. Other Forex robots would usually work with particular market situations; this not very ideal since the market situation is not a static one. The joy of the Forex trade derived when it is executed with the most reliable information as possible; this is the only way a Forex trader can be guaranteed of profitable trade with the use of Forex robot.
These features are prominent in Forex Megadroid and have basically accounted for its popularity.
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