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.
What Is Debt Collection and How You Can Take Care of It
The one of the biggest issues in today's world is paying back the money you owe. This problem arises when you take loans from banks and don't pay them back in return, resulting in getting collection letters. No doubt debt collection is considered as a lucrative way of doing business but there are many things that need to be considered before starting up with this task. One of the best ways to survive the quagmire of arrears is by making debt management plans. This really helps in getting rid of all your bank related worries. No matter what the situation is, what your condition is, and how much you have to payback, don't ever feel depressed as this will put a negative impact on your mind.
Debt management - the most important step towards paying arrears
Debt recovery is considered as a menace these days as people constantly try to ignore the money collectors because of which business owners nowadays have started developing their own debt collection management systems. This strategy is followed by many collectors and industrialists as this has proven to increase the possibility of getting back their money. The main motive behind this process is to ensure customer satisfaction with the help of a proactive approach which includes, gaining the confidence of the clients and providing them with safe returns.
Some really helpful debt management tips are mentioned below. Take a look at it and pay back all your owed money.
• First step is to make a list of everything you owe - this includes calculating the total amount of money you have to pay back. This is the most important step of debt management as it helps you to take an overview of everything and then plan accordingly.
• Second step is to create a pragmatic budget - the most effective way to pay back your arrears is by, 'spending less and saving more'.
• Get help from different debt management companies - these companies will guide you in a better way to save up your money and pay back all your arrears. They will provide you with effective money-saving strategies that will really help you in spending less amount of money.
Different methods that come under debt management
There are mainly three strategies of managing arrears, such as:
• Negotiation of arrears
• Enhancement of arrears
• Loan Enhancement
Without any doubt it can be said that debt management can help you get back to your feet and face all your worries with a smile on your face.
How To Keep Up With So Many Changes in Medical Billing
There is so many changes happening in the medical industry that has physicians and medical insurance billers stressed out and frustrated. It's getting more and more difficult to maintain a steady revenue due to changes in HIPAA laws, coding changes, government mandates and payer rules. Here are some practical ways to improve your practices revenue flow.
CPT CHANGES IN 2012
Using Modifier 33 (Preventive Services)
What this modifier does is designates that the code you are using is a preventive service which means that the patients receiving these services are receiving them at no cost, (no cost sharing happens when this modifier is used).
These services must be identified before billing so patients are not billed inappropriately which could prompt many phone calls to the office.
New Patients Versus Established Patients
The definition of a new patient is one that has not received any professional services within the past 3 years from the physician or another physician of the same exact specialty. If you have a subspecialty in your practice, make sure you correctly identify when a patient can be billed as a "new" patient; In order to maximize your reimbursement. By doing this you will see a difference in reimbursement of up to 15% to 20%.
Prolonged Evaluation and Management Services
Time that must be spent related to a patients visit is often times separate from the one-on-one or face to face codes that are often used. For code 99358 (prolonged E/M service before/or after direct patient care for the first hour) the wording of "face to face" is not in the description, which can affect code 99359 (each additional 30 minutes).
At one time, these two codes were once limited and could only be used by physicians, they are now available to use by other qualified healthcare professionals. If your practice employs other qualified healthcare professionals, make sure that these codes are being used when it is necessary and appropriate.
Medicare Physician Fee Schedule
Medicare payment rate for the physician's fee schedule was threatened to change for the year 2012. There could have been a possible decrease in the physician's fee schedule of 27.4% this year. This would have really hurt doctors who treat Medicare patients, and would have made it harder for seniors to find physicians.
However on Friday, February 17, 2012 Congress passed an extension of the payroll tax for the rest of 2012.
Many physicians are very busy and don't have the time to evaluate every single change made but it is very important to be proactive in their practice and keep up to date with the ever-changing rules and regulations set forth by different entities. Time that is set aside to research such things will only make the physicians practice more efficient.
If you are using a Medical Billing Service, they should be keeping you up-to-date with the changes of 2012, so that you can just focus on your patients.
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