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.
Hiring Attorneys Who Specialize in Mesothelioma Cancer
Mesothelioma is a form of lung cancer that affects the outer lining of the lungs. This deadly disease has only one known cause: exposure to the fibrous material asbestos. Asbestos was used extensively in the past for building materials, insulation and other applications. When inhaled, it can lodge in the lungs and lead to mesothelioma. But it takes years, even decades, for the disease to progress and show itself. Today, even though asbestos is a known risk that workers are protected against, many are suffering from mesothelioma. The exposures that occurred in the past are only recently manifesting into fully-fledged cancers.
One result of this has been legal action. Those who were exposed to hazardous asbestos are now calling for those who may have caused the exposure through negligence or carelessness to account for allowing workers to inhale the dangerous material. To aid them, several attorneys and law firms have veered toward specializing in mesothelioma cancer legal cases.
While there may be a mesothelioma cancer attorney offering to assist someone who is seeking recourse, there are those out there who would scam people in order to profit from the lucrative nature of mesothelioma lawsuits. It is therefore important for patients to know what to look for if they have decided to hire a cancer attorney.
Patients will first want to know how many asbestos or mesothelioma-related cases the attorney or law firm has handled. It is important to know if mesothelioma cancer is a specialty of the attorney or law firm and if they have been successful in handling those types of cases.
Of course, expense is a crucial factor to work out when dealing with a cancer attorney. A mesothelioma case could take a very long time to actually resolve, and patients should be fully informed of the cost associated with seeing the case to a conclusion, as well as of the process itself. Patients who are about to undergo the legal process should know what to expect from the procedure.
Patients should also be aware as to whether the attorney they contact and speak to will be the attorney who actually handles their case, or if the case will be passed off to another attorney.
These questions can be a starting point for mesothelioma sufferers considering taking legal action. Unlike in the past, today there are laws protecting the health and safety of workers who may have been exposed to asbestos at any point. Many of those exposed through their workplaces were employed as construction workers, auto mechanics, building engineers, railroad workers and shipyard employees. All of these worksites are known today as being hotspots of asbestos exposure.
But less conventional locations could also have exposed people to deadly asbestos fibers. Even schools were an exposure risk as those built before 1970 likely were constructed with materials containing asbestos. In fact, many buildings, including public buildings and residential homes, can pose a threat, if they were built prior to 1970. Materials like insulation and roofing found on these types of buildings used to, and my still, contain asbestos. Additionally, seemingly innocuous, everyday items like hairdryers and cosmetics could be dangerous.
Sometimes, the families of workers exposed to asbestos become sick. In this case, they have the very same rights as the worker who was exposed to asbestos. Anyone exposed to the material for any reason could potentially seek out a mesothelioma cancer attorney to represent them.
Mesothelioma Legal Information
Mesothelioma is mainly caused by exposure to asbestos during the production or use of asbestos products. It is widely believed that, for sixty years, the companies that dealt with asbestos related products knew about its hazards to health. The dangers of asbestos exposure were kept a secret by the companies for obvious reasons. This holding back of information on the connection between asbestos and mesothelioma has made those companies legally responsible for damages caused by their asbestos products.
Workers who subsequently contract this often fatal disease have the right to file lawsuits for damages. Mesothelioma claims settlements are huge, ranging from $200,000 to millions of dollars. Of course, that depends on the details of the case. Funds are usually set aside to repay the workers and their families.
In the United States, for instance, the median mesothelioma-related settlement is a million dollars. It is reported that cases that went into trial produced an average settlement of $6 million. Yet, it is important to remember that only a small portion of the thousands of asbestos-related lawsuits in the country are linked to mesothelioma.
Finding a decent lawyer to take care of these claims is vital. Since the settlements involve huge sums of money, attorneys are on the lookout for mesothelioma patients. Thus, claimants must take a cautious approach in finding an experienced lawyer to handle their claims.
Some law firms get hold of a mesothelioma victim, and transfer the information to lawyers experienced in handing such cases. Upon doing this, they get a decent referral fee from any successful claim. It is imperative for any lawyer selected to handle a mesothelioma case to have prior experience with litigation involving medical issues.
It is prudent to ask certain questions of attorneys who have been picked to handle the claim. The queries may include his experience in handling mesothelioma claims, the number of claims he has settled and the number that have gone into trial.
Mesothelioma claims can be a drawn-out affair, and law firms should have the necessary wherewithal to take care of them.
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