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.
The Origin of Life Insurance
Historians claim that it was the ancient Chinese who came up with the first form of insurance. It all started with small transport boat owners who would suffer a total loss when one of their boats sank. The competitiveness of these little shipping companies made it necessary to make good on these losses if they expected to stay in business. In time these very wise boat owners came up with a plan. As an explanation, using the number of 5 boats, each would split their cargo equally and place it on each others' boats. Eventually when a boat would sink, they all shared a fifth of the loss instead of one losing 100% of their cargo.
This idea spread and became the norm among shippers for many years. Then other types of trade and industry formed a similar type of "sharing the loss" in their own way. Before long, here came the entrepreneurs with an even better idea. Carefully calculated through past losses, they developed a schedule of risk and determined the total cost of the losses divided by the number of boats in operation and established a rate which included some profit. This was the birth of an insurance company.
Then the entrepreneurial spirit birthed the idea of insurance on someone's life. When a young father or husband died at an early age, his dependents were left to fend for themselves, many times causing the family to have to split up and live with friends and relatives. So they conceived of the idea to let all young men contribute to a fund, or life insurance as we know it today, so that the family would be taken care of in the event of the husband's death. Over time a face value was established; enabling a person to buy more insurance if he had a larger family, or to provide for other situations requiring a larger death benefit.
In the ancient days, life insurance was only for the death benefit and usually after after the family had grown up and left home, there was less need or even no need for life insurance. This was the basic insurance that today is called Term life insurance.
Then the life insurance entrepreneurs came up with a different approach designated as whole life insurance. Instead of life insurance for a limited term during one's life, they promoted life insurance which would be in effect until the person died, another way to put it, their whole life. Then shortly thereafter came the concept of an investment with life insurance. They sold these young men with families on the idea of buying whole life insurance with an investment called "cash value". The rates, or premiums as we call them today, were much higher, but the policy holder would build a nice cash value over the years. In effect, the insurance company was using a term life policy at a lower rate and charging a much higher rate for the investment portion. This increased premium would be re-invested in stocks, bonds, and other high yielding securities. The insurance company shares a portion of it with the policy holder.
This original concept of insurance was applied to houses and other risky products of that day. When the industrial revolution ushered in machinery, equipment, and the automobile, again the sharp entrepreneurs jumped upon the opportunity to sell insurance.
As the centuries have passed, the insurance industry has added many types of coverage and features. One can buy life insurance on their children, parents, a company's "Key Man", and on just about anyone in whom you would have an insurable interest. You can buy an annuity or single premium for life insurance protection which produces a higher yield investment. Health insurance is an absolute must in today's medical climate. Companies will even sell you a no-health-exam policy, young or old. It is all a matter of how large a premium you can afford and are willing to pay.
What Your Doctor May Not Tell You About Cancer
Take Your Time
Although doctors will usually rush you into treatment, giving yourself a chance to think more clearly about your treatment options, do some research and start making changes in your life before starting any treatment can be of great advantage. You can always ask your doctor for some time to think about your treatment options and in most cases that's possible.
What Your Doctor will Probably Tell You
Typically your doctors will talk to you about average survival for your particular type and stage of cancer and direct you to the conventional treatment plan that is usually standardized to your particular diagnosis but not unique for you. It will probably include a combination of surgery, chemotherapy and/or radiation. They will usually discuss with you the details of each of these treatment protocols and make sure you know of any expected side effects so that you can be prepared for the worst.
Although your doctor is highly trained and caring, he or she may not tell you important things you need to know about cancer in order to maximize the effects of mainstream medical treatments, improve quality of life and prevent recurrence. This is simply because he or she is mainly trained in conventional medicine and probably doesn't have the time or expertise to offer you any advice in the field of natural healing.
If you are battling cancer, want to reduce your risk or prevent recurrence there are important things that you need to know about cancer
You need to know about things like: What is cancer? What are the possible underlying risk factors? What's the role of natural nutrition in fighting cancer? How can natural supplements help? What's the Role of chronic stress in Cancer? Are there toxicity and environmental links to cancer? And what is the importance of psycho-spiritual balance for cancer healing?
Medical treatments can help you control cancer but they are only one piece of the puzzle.
Conventional medical treatments mostly control cancer by destroying cancer cells and come with the unfortunate downside of killing many healthy cells in the process which cause unwanted short and long-term side effects. Once you're done with any of these treatments, you are left with no guidance at how to deal with side effects or prevent recurrence. Moreover none of these medical treatments will work on strengthening the immune system or nourishing the body to help it heal and recover.
While you can certainly take advantage of conventional treatments, you need to know that when it comes to fighting cancer, you need every tool available.
Using an integrated approach that utilizes natural cancer-fighting tools side by side with conventional treatment can definitely maximize your treatment outcome and prevent cancer recurrence.
From my experience in the medical cancer field and in coaching many cancer patients, I've found that an integrative approach makes a huge difference in the treatment outcome and quality of life for cancer patients.
A Holistic Approach to Fight Cancer
A holistic approach to fight cancer focuses on changing the environment of the body that encouraged the cancer to grow in the first place. It is a personalized functional approach that works on identifying and correcting any body system imbalances that promote cancer. It works to inhibit tumor growth, strengthen the immune system and boost the effect of conventional therapies while reducing their side effects
A holistic approach to fight cancer that utilizes natural cancer-fighting tools such as nutrition and lifestyle modifications can increase your chance of beating cancer.
Conclusion
As a certified cancer coach and holistic nutritionist, I can tell you that science has shown that 30% of cancer deaths can be prevented just by making positive changes in diet, physical activity and minimizing toxic carcinogens.
The truth is that beating cancer requires major lifestyle changes. If you want to eradicate cancer and prevent recurrence, you will need to look deeper into the nutritional, physical, psycho-spiritual and environmental aspects of your life.
Back to You
Whether you are currently battling cancer, want to prevent recurrence or simply reduce your risk factors, I wish you all the best in your health journey and hope that you get enlightened, empowered and inspired to take the right action after reading this article.
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