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.
Mesothelioma Litigation Lawyers - What Questions Will The Lawyer Ask During The First Meeting
When a client goes to see a lawyer, there are some specific things that the lawyer will want to know and will subject the client in a line of questioning; the first interview is usually the crucial interview. This is because this is the meeting that will determine if the lawyer will represent the client or not. So the lawyer will want to know why the client needs the services of a lawyer. The reason why the want to know why the client needs their services, is to enable them evaluate the matter and see if they are going to represent them or not. In cases where the client cannot be represented by a particular lawyer, they are forwarded to a more appropriate lawyer who will be able to handle his or her legal matters.
Another common question that lawyers ask clients at a first meeting is if the client has seen other lawyers before. If other lawyers have been hired to represent the client the lawyer will want to know why their services to the client were terminated. They will also want to know if there were other lawyers so that the lawyer can be able to work with other lawyers. The other lawyers that have worked with the client could have unraveled matter about the case that could help the current lawyer who has been assigned to the case.
Another common question that a lawyer asks at a first meeting with a client is the financial stand of the client. Lawyers rarely give free services even at a first meeting. They do not charge that meeting and they will want to get the best out of it. So they will want to know if that client is in a position to pay the lawyer fees. If the client finds the rate to be very high, then other lawyer who has lower rates can be recommended.
An initial client lawyer meeting will include questions of the criminal record of the client. This prepares the lawyer and also gives him the opportunity to understand the legal stand of the client. The lawyer will want to know if there are people who will be able to act as witnesses or even act as proof of good conduct. They will want the list of the witnesses so that the lawyer can be able to compare the facts of their client and the other people so that they see if the client is saying the truth or not.
Smart lawyers will ask about the legal problems of the client and will not interrupt them as they narrate. While the client is talking the lawyer will be noting important points. As much as they would want the meeting to be brief so that they can save a lot of time and money. Many lawyers have come to realize that they get a lot of information from their clients when they are talking without being interrupted. After the narration they will then ask specific questions to get the some things clear and they stand a better chance of winning a case.
Asbestos Claim Lawyer Can Help With Your Claim!
An asbestos claim lawyer is exactly what you need if you have contracted any asbestos related diseases as a result of asbestos exposure at workplace. Some of the most common but life threatening diseases that you may develop due to asbestos exposure include mesothelioma, lung cancer, and asbesotosis. What makes it worse is the fact that these diseases develop gradually and finally get diagnosed only after decades from the time you were first exposed to asbestos. Among all other asbestos related diseases, mesothelioma happens to be the most devastating diseases that may eventually lead to death. A malignant tumor, mesothelioma attacks the thin membrane linings surrounding the lungs and the abdominal cavity respectively.
Asbestos claim lawyers represent clients who were exposed to asbestos in powerhouses, shipyards, steel plants, and other places. Since it is a disease that comes to the surface only after a few decades, mesothelioma cases are often very complicated. Even family members of such workers can become a victim of mesothelioma due to household exposure since the contaminated work clothes carry traces of asbestos. It therefore becomes necessary in case of exposures to find a good lawyer who specializes in asbestos related claims.
The biggest challenge any asbestos claim lawyer faces during asbestos litigation lies in the area of product identification, as the brand name and the manufacturer of the asbestos products that caused mesothelioma need to be proved. Due to passage of time, clients invariably forget the asbestos product that they were exposed to so many years back at the workplace. To make this identification task easier, attorney usually have a broad database of product identification materials along with images at various job sites at top industrial centers in the United States.
Many asbestos claim lawyers work in association with various other law firms and lawyers also specializing in mesothelioma cases and share product identification information with them. As per statute of limitations in most jurisdictions, an asbestos claim lawyer is permitted to file a claim within three years from the time his/her client found out about the asbestos related disease. In other words, lawyers can file an asbestos claim from the date of diagnosis of mesothelioma and other asbestos related diseases.
As per a special statute, asbestos claim lawyers can also represent the surviving spouse and dependents of workers who die due to mesothelioma to pursue settlement or wrongful death claims up to ten years from the date of death of the worker.
If you need an attorney in another state, many asbestos claim lawyers may even go to the extent of working in collaboration with a lawyer in that state to settle the claim at the earliest. And in case it is a claim that a particular lawyer cannot settle, you can always search on the Internet for a lawyer specializing in your type of case.
The majority of asbestos claim and mesothelioma lawyers work on a "no win no fee" basis. Before choosing any mesothelioma lawyer, it is important to verify that he/she has relevant experience in handling those types of cases. You also need to ask questions like how often the lawyer updates you on the litigation process, what would be the total litigation cost, and what other options you have. Typically, your lawyer may ask you to pay additional fees towards courier service, court filing fees, copying documents, or research services. You need to therefore understand the exact costs involved before hiring any asbestos claim lawyer to represent your case. At any point of time, you can always change your lawyer if you are not happy with his/her services or the progress of the litigation.
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