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.
Asbestos Attorney - Legal Advice on Cancer and Mesothelioma Settlement
It takes decades, somewhere between 20 to 30 years, before mesothelioma or any asbestos-related cancer develops. This is because it takes time before the asbestos fiber to really cause damage in the lungs, the abdominal cavity or any parts of the body where there is a large presence of asbestos fiber. Thus, people, usually men, who have worked in settings like shipyards, industrial plants and construction sites only find that they have cancer after ten or twenty years of waiting. Worst comes to worst, they do not even discover their sickness at all, until several days before they die.
Once you have contracted mesothelioma or any asbestos-related disease, it is best to seek professional advice on how to fairly compensate the damages, and injuries that you incur with regards to exposure. Normally, victims file for personal injury cases against the known person/s or company /ies who were instrumental in the exposure of the people involved.
For example, people who have worked in asbestos mines will almost always file a case against the company who owns the mines. However, this must be proven substantially and there should be strong evidences that leads to the name of the company or the body of people responsible for the injuries.
The investigation is quite tedious as the evidence goes back some decades ago and might even involve other people as witnesses. If there are strong claims and evidence then it is a great possibility of winning the case. But since the trial will be a very long and very expensive process, many parties opt for settlement. Thus, the majority of cases do not even reach the actual due process since they are already cut off at the very beginning of the trial with a mutually agreed settlement.
Of course, victims have their options in filing the case. They may choose to file it themselves with or without an attorney, file the case as a group or file an individual case through an attorney. The best option, obviously, is to file a mesothelioma or asbestos cancer case with a reputable attorney or as a group with the backing of an attorney. Lawyers, of course, are learned in the system of the law and they are the once who can bring to the court the victim's case.
Also, remember that the field of law is a complex system where only experts can maneuver. It is also subject to continuous change. For example, some companies are protected by the courts against individual asbestos or mesothelioma claims. It is only inevitable for one to find a lawyer who would work the victim's case.
And in the case of personal injury attorneys, they will file the case and go into the trial or settlement without the victim having to spend any out-of-pocket expenses. Personal injury attorneys, as some of you know, only get their stipend through a contingency basis.
If you want to know your best options, it is advisable to immediately raise your case with a reputable personal case injury attorney or firm who will maximize the possibility of rendering you a fair compensation, either through a complete trial or through settlement.
If you opt for trial, expect several months of constant court hearings where every hearing is a different story. If you think you can't handle this form of stress, it is best to talk with your attorney of the possibility of settlement.
If you choose to have a settlement however, you may have a lower chance of losing. Take note that some companies who have previous cases of asbestos-related claims are more experienced in winning (and sometimes) losing their trials. This is why it is best to know what are the possibilities of both losing and winning the case. The amount of settlement is often as much as those that might come out at the end of a full trial. But considering everything that is saved from not continuing the court trials, for example the expense on research, the settlement is substantially worth it. Besides, personal injury claims normally have high settlement rates.
Before you take your personal action, the best thing you could do initially is to research for a lawyer who really makes strong cases. This is because of the qualifications for the value of settlement includes the reputation of the lawyer. After which, decide how you want things to end, do you want a settlement or a full trial?
Asbestos And Its Impacts?
Asbestos has become more well-known today because being exposed to it can cause some life-threatening diseases such as mesothelioma. And for this reason many of the mesothelioma law firms in United States are found seeking compensation for patients and their family members because of this disease. Besides all of this, there are many other diseases which have taken birth just because of the asbestos. To learn more about asbestos, and see how we can make ourselves safe from its curious invasion.
What is Asbestos?
Asbestos is a compound of minerals, minerals which contain the bonding of different class fibers. Such fibers can be drawn into thin wire type threads. Such minerals are highly heat- resistant and can also sustain different forms of chemicals altogether. It is actually useful in the industrial sector but when it is present in the uptown area, it can bring a couple of severe diseases. They possess a form of a natural silicate compound which contains some proportion of silicon and some of oxygen. If it is left to waste and dismantle, it can bring lots of harm for people exposed to it. Many regions of the world have actually banned this type of compounds as they are quite hazardous for the human life.
How it is useful?
Asbestos has been considered as a vital substance for the use of industries. They are used in the fire fighting section, in construction projects which require it in the insulation and sound proofing purposes.
Major use is of strengthening the cement which is often found as a procedure in many cement factories.
In ship building section the silicate compound has a vital use in the processes of boilers insulation, pipes insulation and steam pathway insulation.
In automotive section, they are used in the making of clutch mechanism and braking structure of cars. In spite of all, they are also used in mantling the internal combustion engines of heavy- duty vehicles and of small cars.
The impacts:
Asbestos have been banned in many of the industrial areas. It was in 1970 when the U.S (CPSC) Consumer Product Safety Commission banned it for a couple of reasons. One of the reasons was that asbestos can be released at the time of wall patching processes. It can also be released in many processes occurring in the gas fire section which can increment the chances of fire occurrence. In fact, many accidents took place, in which different oil and gas companies and textile factories picked up the fire with the presence of the asbestos in the surroundings.
Today, every life is absorbing asbestos as it is present in different proportions everywhere in the world. Industries have been using it in an on and off manner, by which we come to see its effects on people. It can be dissolved in water, air and land and also in wildlife. Billions of species of fish died only because of water pollution and the latest survey is indicating an infinite amount of damage to plants and animals.
Today, it has become impossible to bring complete eradication of asbestos but we still can fight it and make an effort to minimize its proportion as much as we can.
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