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.
Florida's Prescription Fraud Offenses - What You Need to Know
Florida is cracking down on prescription fraud. In an attempt to decrease the number of Floridians who treat with several physicians to obtain the same prescriptions, police are making more and more arrests for violations of Florida Statutes Section 893.13(7) (a) (8), which makes it a felony for a person to treat with more than one physician to obtain the same medication before a prescription refill is permitted.
Multiple Florida statutes, in fact, have been enacted over the years to attempt to halt fraud relating to prescription drugs. As is reported every day, Florida law enforcement is making the curbing of such fraud a priority. Florida's Comprehensive Drug Abuse Prevention and Control Act makes it is a 3rd degree felony (up to 5 years in prison and a $5,000 fine for a first offense) for one to obtain, or attempt to obtain, prescription drugs by fraud, forgery, or misrepresentation. The actual offense of prescription fraud is a crime of intent and action rather than one of possession. Commonly, prescription fraud is charged in addition to the possession offense.
Florida prosecutors, therefore, must prove that there was no Florida-licensed doctor on a prescription or that the doctor's signature is forged or that the defendant misrepresented to the doctor the reason for the prescription. For example, the State may charge Defendant Doe, if the evidence shows that Defendant Doe lied to his doctor that he lost his prescription or that the prescription was stolen.
The Act further makes it a 1st degree misdemeanor for a defendant to possess a prescription that has not been signed by a Florida-licensed doctor. There are some exceptions for the doctor himself or herself, or an agent thereof, or a pharmacist or a supplier of the prescription pads. As touched on above, the prosecutor must prove beyond a reasonable doubt that the defendant had the intent to commit the crime - knew that the prescription was indeed phony.
The Comprehensive Drug Abuse Prevention and Control Act makes is a felony of the 3rd degree for a defendant to keep information from the doctor - for example, that he or she had the same type prescription written by another doctor within a month.
The problem we often see, from teenagers to senior citizens, is that those most often charged have genuine prescription pill addiction problems and need help as the addiction itself is a sickness. You may remember that years ago, even former Governor Jeb Bush's daughter was arrested for prescription fraud. Most of the time, the addiction does not start from using the prescriptions to get high, but from a legitimate injury or severe illness.
If you are charged with a prescription fraud offense it is critical that you speak with an attorney before speaking with anyone else, including law enforcement.
How A Criminal Attorney Is Able To Help You
In the United States, criminal law is arguably the most complex area of law, since it comprises a wide range of concepts. As a result of this, there are a wide range of available attorneys that specialize in criminal defense. A good criminal attorney will advocate on behalf of their client in court and defend them to the best of their abilities against criminal charges.
Several offenses are deemed to be illicit and immoral in nature because of the gravity of their consequences. The most representative crimes falling under this legal area include homicide, assault, theft, drug trafficking and sexual offenses. Certain lawyers specialize in a specific kind of crime, whereas others widen their area of practice to include all illegal acts.
Choosing the right lawyer to represent you in your case is a decisive factor in whether you will succeed or not. As may be expected, there are various types of lawyers specializing in different areas, so choosing the right lawyer will mean greater efficiency and competence. A strong defense is much more likely when the lawyer you choose already has expertise in the defense of the crime you're accused of.
When a person is arrested and charged with a criminal act, they will inevitably feel crushed by the harsh reality. Indeed, persons who go through such an ordeal often describe it as the most traumatic period in their lives. Furthermore, the family of the accused will also share the burden of fear and anxiety.
It therefore becomes crucial to appoint a reliable defense lawyer to take care of your legal issues in these troubled times. The shock will make an individual feel helpless and at a loss as to what to do, so having a lawyer by your side will allow you feel more at ease and confident that the matter is in a professional's hands.
Apart from the emotional blow, a person facing such serious charges also has their reputation at stake. It is inevitable that when a person is arrested and accused, his record will suffer an indelible mark, which might well influence their life later on. It is only through a sound criminal defense that an individual can safeguard their reputation and professional credibility.
The most common fear of defendants is being sentenced to time in prison. Being forced to spend a period of time incarcerated will mean a harsh separation from loved ones, as well as a huge blow to one's reputation. Most people faced with a criminal charge tend to panic and imagine themselves in jail before a criminal defense lawyer is hired. Fortunately, a good attorney will manage to eliminate the certainty of jail, or at least lessen the period which must be served.
Browsing the internet will help you make an informed choice in your time of need. Many lawyers today have their own website through which they can advertise to potential clients. Such websites will contain all the relevant information which prospective client would need. Certain lawyers also offer free consultation to anyone wishing to make use of such service in order to better understand his legal position in such an important time.
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