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 Are the Circumstances of Uninsured Car Accidents and Liability Claims?
Motor vehicle accidents happen every day, and we all take the chance of being injured in one every time we get inside a car. Car accident injuries are generally covered by a person's own insurance policy, but if they are injured by another driver, it is that driver's insurance policy that covers a person's damages. Most responsible drivers have insurance coverage that pays for any damages they might have caused in a motor vehicle accident.
But what happens if an at-fault driver does not have car insurance, liability insurance, or any other type of medical payments coverage? This can be troublesome since some car accident injuries can be life-changing and traumatic. Continue reading to learn more about uninsured motorist accidents and liability claims.
Uninsured Drivers
Unfortunately, there are irresponsible drivers out on the road that neglect their legal obligation to obtain and carry sufficient liability insurance for their vehicle. When these drivers are the ones that cause serious accidents, they have no other choice but to pay out-of-pocket for the other drivers' medical expenses, hospital bills, vehicle repairs, and more. Not only would an at-fault driver be obligated to pay for the other drivers' losses, they would be issues state fines and face possible misdemeanor charges for negligently causing an accident and not being insured.
It is possible for an uninsured driver to flee the scene of an accident because they are not operating a vehicle legally. When this happens, it is important to make a police report immediately so that law enforcement can track them down and hold them accountable for the damages they caused. They would also be charged with a crime since it is illegal to flee the scene of an accident. If they cannot be tracked down, the only way an injured driver can recover for their losses is if they have their own uninsured/underinsured motorist coverage. This kind of coverage pays for vehicle damages, medical expenses, hospital bills, and various other significant losses resulting from the accident.
If a person is injured in a car accident by a driver that does not have any insurance, and they themselves do not carry their own uninsured/underinsured motorist policy, they would have to take the at-fault party to court for recompense. If that person is nowhere to be found, or does not have any significant assets or wages to garnish, then the injured driver is left in the dust and must collect what they can from their own car insurance policy. This is why it is vital to hire a seasoned car accident lawyer if you are ever injured by an uninsured driver. They retain the proper resources and knowledge to organize your legal claim and negotiate your settlement with opposing insurance parties.
Don't Settle Your Car Accident Lawsuit Too Quickly
A serious car accident doesn't just ruin your car, it can affect every aspect of your life for months, sometimes years. Car accidents can be extremely traumatic and unfortunately are a very common fact of life. It's not just having to deal with damage to your car or the other driver's car, it is also most likely that you may be suffering from a personal injury. Now what? Call up the car insurance company and hope for the quickest settlement possible, right? Get it over with as soon as possible, get it figured out about how to total out your car, pay your Dr. bills, and then hopefully be able to buy another car sort of like the one you had. Get it all over with as quickly as possible. But wait, is this the right course of action? More than likely, no.
In most automobile injury accident cases, you would be better off to have a car accident attorney to help you reach the best settlement possible from the insurance companies. Regardless of the liability - if you were responsible, or another party was, you need your own personal injury lawsuit attorney to be on your side. Your attorney will represent you against the big insurance companies. Remember, the insurance company doesn't have your best interest in mind, they want a quick, cheap settlement. Over and done with, possibly leaving you with future Dr. bills you can't pay, injuries you didn't even know you had, and money lost from time off of work.
Your personal injury attorney will guide you through the often confusing maze of the insurance and legal process, possibly resulting in a car accident lawsuit. Before that legal action happens, perhaps your attorney can help you avoid the lawsuit by reaching a settlement with the insurance company. What can you expect from a car accident claim? There are several different areas from which you may receive a settlement.
Payment for medical injuries suffered in the car accident are one of the most common. The term medical injuries includes any damages you may be able to claim for injuries caused by the auto accident The most widely claimed injury is commonly referred to as a whiplash injury. While whiplash injuries can be extremely painful and often are long lasting, these are relatively minor. There are many more serious injuries which are commonly suffered such as paralysis, head trauma or a loss of limb. Some of the most common injuries suffered in an automobile accident are stiffness and muscular pain in the neck and back and extremities. Proper diagnosis early in the process is critical in establishing what to expect in terms of ongoing and future medical care.
You may also be able to put in a claim for mental and or emotional injuries. This would most generally be along the lines of anxiety, apprehension, and possible depression. If the car accident caused you to miss work or other normal activities, you may be entitled to compensation. In addition, you may also be able to make a claim for other losses from the car accident. These losses may include damage to clothing or personal property such as cell phone, car seats, or any item in your car at the time of the accident.
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