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 LAWYERS
We represent mesothelioma victims and their families, helping them recover compensation from the asbestos companies responsible for their illness, and making sure they get needed medical care and other assistance.
Experienced Trial Lawyers
Attorneys have witnessed the devastating effects mesothelioma can have on a patient and his or her loved ones. Almost always fatal, mesothelioma—always caused by exposure to asbestos—could have been entirely preventable. Asbestos companies knew for decades that their products could cause disease but they concealed the risks, putting millions at risk for developing mesothelioma and other diseases.
Many people exposed to asbestos decades ago are only now being diagnosed with mesothelioma and wondering where to turn for help. Our attorneys have recovered millions of dollars for hundreds of mesothelioma victims across the United States. We are one of the few firms in the country with the resources and experience needed to handle mesothelioma lawsuits, at the same time, making it as easy as possible for clients to obtain the compensation they deserve. Simply get in touch with our attorneys, and we’ll handle the rest.
Learn more about how we help mesothelioma patients during a free, no-obligation case review. We can help with a variety of other practices that may or may not be related to your asbestos case. Learn more about the nature of personal injury lawsuits here.
Signs and Symptoms of Mesothelioma
Mesothelioma is difficult to diagnose, due to the disease’s long latency period — sometimes, the onset of symptoms can come 50 years after the initial asbestos exposure. Many workers don’t get sick until they are retired and have not been exposed to asbestos for many years. Mesothelioma is also difficult to diagnose because its symptoms can resemble common, less severe respiratory illnesses.
The symptoms of mesothelioma include:
• Chest pain and persistent cough
• Shortness of breath and painful breathing
• Loss of appetite and unexplained weight loss
• Fluid accumulation around the lungs
• Fatigue
If you have a history of asbestos exposure, any of these symptoms should be reported to your doctor immediately. Your doctor can perform the necessary imaging tests and biopsies. Mesothelioma is incurable, but the earlier it is diagnosed, the more treatment options a patient has.
How Morgan & Morgan Helps Mesothelioma Victims
Unlike companies that attract clients and then hand their cases off to third party law firms, Morgan & Morgan handles mesothelioma claims ourselves. From start to finish, you will have the same attorneys working on your case. And not just any attorneys: A mesothelioma lawsuit requires an asbestos law specialist who can navigate the complex claims process and take on the powerful asbestos industry. Our attorneys have vast experience doing this.
Our mesothelioma experts will do all the work of seeking compensation from asbestos companies, but since we are a nationwide firm with legal experts in numerous fields, we can also help in other ways, such as putting you in touch with top cancer doctors in your area and filing claims with:
• Veterans Administration
• Social Security Disability
• Medicare
Morgan & Morgan is headquartered in Orlando, but we accept cases nationwide and will come to you, no matter where you live. While it may seem more convenient to work with a local law firm, keep in mind that we are uniquely qualified to handle these very complicated mesothelioma cases.
In addition to representing those living with mesothelioma, we also represent the families of those who have lost a loved one to the disease.
If you’ve been diagnosed with or lost a family member to mesothelioma, schedule a free case reviewand learn how we can help.
Asbestos Use in the United States
The asbestos industry has been compared to the tobacco industry in the way it promoted known deadly products by calling into question scientific findings and blocking public health initiatives opposed to them. Asbestos companies and tobacco companies are also linked by the fact that, after years of deceiving the public in order to make huge profits, people got wise to them and began using the legal system to hold these unscrupulous manufactures responsible.
Asbestos claims 12,000-15,000 lives per year in the U.S., including approximately 3,000 per year due to mesothelioma. Some of this damage is compounded by medical errors, which could greatly affect you.
It may come as a shock to learn that asbestos is still not banned in the United States despite overwhelming evidence of its dangers. While some types of products have been outlawed, large amounts of raw asbestos and asbestos products are still imported annually. Legislation that would have banned asbestos entirely was blocked by the asbestos industry and these same corporate interests continue to fight against regulations today, which would compensate victims for the injuries they suffered, with the only benefit going to the pockets of the asbestos companies.
Asbestos, a type of naturally occurring mineral fiber, is a useful material because it is fire resistant, a good insulator, and can be incorporated into other materials as a binder and strengthening agent. Indeed, asbestos was once considered a “miracle fiber” due to its seemingly inexhaustible list of uses, from building materials to textiles to personal care products.
Importantly, asbestos is also cheap. Asbestos alternatives were available to manufacturers, but they cost more and using them would have increased production costs. The need for cheap materials still drives the asbestos trade in countries such as Brazil, China, and India, and for years, it drove the U.S. asbestos trade.
In the United States asbestos has been used since the 1800s, initially in steam engines and later in thousands of products. Although popular with the military and private industry by the 1930s, asbestos use really took off during World War II, a period when hundreds of pounds of asbestos were imported daily and the mineral fiber was used in virtually every ship the U.S. Navy commissioned, as well as jeeps and other vehicles, military barracks and buildings, and much more. The military’s widespread use of asbestos explains why veterans account for nearly 1 out 3 mesothelioma deaths
By the 1970s asbestos usage had peaked and federal bans on asbestos took many products out of circulation. Yet even though many uses of asbestos and asbestos products are no longer permitted, the 20-50 year latency period of asbestos disease means that many people exposed to the substance decades ago are only now getting sick. It also means that many older buildings and products still contain asbestos and present an ongoing exposure risk.
The U.S. epidemic of asbestos disease could have been prevented had asbestos companies been forthcoming about asbestos health hazards. Evidence emerged as early as the 1920s that asbestos was sickening and killing workers, and internal documents from the 1940s show that the asbestos industry knew its products were deadly. They did not act on this knowledge to protect workers, however, ensuring that future generations would continue to fall ill from asbestos.
Industries and Occupations With High Asbestos Exposure Rates
Around 3,000-5,000 known products contain asbestos. Asbestos is most dangerous when it is disturbed and its fibers become airborne, where they can be inhaled in or ingested. Those who worked with and around asbestos products were likely exposed during cutting, tearing, sawing, drilling, sanding, or scraping of these products, or from raw asbestos used in manufacturing. And since asbestos becomes brittle as it ages, older asbestos products might produce dust and fibers if they are merely handled. There is no safe level of asbestos exposure.
Nowadays, asbestos removal professionals wear heavy duty respirators and air tight suits when handling asbestos. Prior to the 1980s, when the dangers of asbestos weren’t know to the public, most workers had no gear to protect them from asbestos fibers. Many were exposed to asbestos on a daily basis, completely unaware that the seeds of mesothelioma were being sown.
The prevalence of asbestos products leads to the uncomfortable conclusion that most Americans have encountered asbestos at some point, although not in amounts sufficient to cause disease. Pre-1980, however, certain industries, including the following, repeatedly exposed people to high amounts of asbestos:
• Shipbuilding and repair
• Construction
• Asbestos mining and milling
• Power plants
• Textile manufacturing
• Glass manufacturing
• Electronics manufacturing
• Chemical manufacturing
• Metal manufacturing
• Aerospace manufacturing
• Automotive manufacturing
• Pharmaceutical manufacturing
• Automobile repair
• Paper and pulp manufacturing
• Firefighting
• Food processing
• Agriculture
• Railroads
Individual occupations with a high incidence of asbestos exposure include:
• Insulation workers
• Electricians
• Carpenters
• Drywall workers
• Cement workers
• Painters
• Motor vehicle and aircraft mechanics
• Maintenance mechanics
• Machinists
• Navy yard workers
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