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 Law Firms Lawyers & Attorneys
A reputable mesothelioma lawyer will help you receive money to pay for treatments, living expenses, and other costs related to your cancer diagnosis.
Finding a lawyer who is familiar with the asbestos laws and litigation in your state is critical to ensuring you get the compensation you deserve. Learn more about how to find a lawyer who will represent your best interests.
How a Mesothelioma Lawyer Can Help You
Whether you are a patient or a surviving family member, an asbestos lawyer who focuses on mesothelioma cases can help you in many ways:
Free Case Review – A reputable lawyer will offer to review your case free of charge. This includes providing a realistic expectation about potential compensation if you decide to file a mesothelioma lawsuit.
Available Compensation – A mesothelioma attorney can help you understand what types of compensation may be available to you, such as settlements, verdicts, or trust fund claims.
Focused Legal Support – By hiring an attorney who focuses on mesothelioma, you will have access to the most recent information about past and current trials, including how to build the most effective case.
Research Assistance – Even if you are not sure how you were exposed to asbestos, your lawyer can help obtain employment, union, military, residential, and medical records on your behalf. Your attorney will also gather other evidence to be used for your case, such as depositions and testimony from witnesses and experts.
Venue Selection – A qualified attorney will help you choose the court in which to submit your mesothelioma claim, to give you the best chance at receiving compensation.
Case Management – Your mesothelioma lawyer will manage your case and keep you informed of developments along the way, giving you an opportunity to focus on treatment and spend time with family. In most cases, you will not even need to travel or appear in court.
Mesothelioma and the Law
Get answers to common questions about mesothelioma lawsuits and other parts of the legal process.
Lawsuits
• Why should I file a lawsuit?
• Will I have my own lawsuit or be part of a class action?
• What state should I file my lawsuit in?
LEARN ABOUT MESOTHELIOMA LAWSUITS
Compensation
• What types of compensation are available for mesothelioma patients?
• Can I receive more than one type of mesothelioma compensation?
• Are surviving family members eligible to receive compensation?
LEARN ABOUT MESOTHELIOMA COMPENSATION
Asbestos Claims
• What types of asbestos-related claims are available?
• How do I file an asbestos claim?
• What deadlines exist for asbestos claims?
LEARN ABOUT ASBESTOS CLAIMS
Statute of Limitations
• What is a personal injury statute of limitations?
• What is a wrongful death statute of limitations?
• How do mesothelioma statutes vary by state?
LEARN ABOUT STATUTE OF LIMITATIONS
Laws & Regulations
• What asbestos safety laws do companies have to follow?
• What government agencies regulate the use of asbestos?
• Why isn’t asbestos banned in the U.S.?
LEARN ABOUT LAWS AND REGULATIONS
Finding a Mesothelioma Law Firm
Finding a reputable mesothelioma law firm with attorneys who are understanding and compassionate, and at the same time willing to fight hard on your behalf, is essential to making sure you receive the highest level of compensation for your injury.
When choosing the right mesothelioma law firm to work with, it is important to assess several factors including the firm's past track record for reaching settlements, as well as their knowledge of asbestos, asbestos law, and mesothelioma treatment options. A good mesothelioma lawyer has the right combination of drive, dedication, and determination to fight hard on your behalf for the highest settlements possible, along with strong compassion and understanding for what you and your family are going through as you work through the process together.
Top Mesothelioma Law Firms in the U.S.
After choosing the right doctor, one of the most important decisions you can make is to pick a lawyer who has experience in mesothelioma litigation at every level. The best mesothelioma lawyers work with a nationwide law firm that has access to resources and information that smaller, less experienced law firms may not have.
When should I hire a mesothelioma lawyer?
If you have recently been diagnosed with mesothelioma, or if a family member recently passed away because of mesothelioma, you should contact an experienced attorney who specializes in asbestos litigation to help you understand your legal rights and discuss the various types of compensation you may be eligible to receive.
Laws that limit the amount of time for filing a mesothelioma claim, known as statutes of limitations, are the reason it is important to contact an experienced attorney right away. It can take some time to research the details that are necessary in order to build your case. Therefore, initiating a working relationship with an attorney as soon as possible is essential in helping you receive the compensation you are entitled to as quickly as possible.
How much does it cost to hire a mesothelioma lawyer?
If you hire a reputable law firm, there will be no up-front costs to file a mesothelioma lawsuit. In the vast majority of cases, mesothelioma lawsuits are handled on a contingency fee basis. This means that you will not have to pay anything unless and until you receive compensation owed to you.
Furthermore, experienced lawyers know how to keep costs down, making it more efficient and ultimately better for clients because clients receive a larger amount of compensation than if they went through a less experienced law firm. If you do not have to go to trial, expenses will typically range between 3 – 5% of the total compensation amount.
How long will it take to receive compensation if I hire a lawyer?
Every individual case is different, so unfortunately there is no way to tell exactly how long it might take to receive compensation from a particular claim. It can take months just to gather the appropriate information and documents necessary to simply file a claim. Once the claim is filed, the timeframe to reach a settlement or, if you go to trial, receive a jury award may range from months to years.
An experienced mesothelioma lawyer will be able to provide a realistic idea of how long it may take for you to receive compensation once they know the details of your case. However, it should be understood that the actual timeframe for receiving compensation is an estimate and may be subject to change over the course of the legal proceedings.
Aren’t all mesothelioma lawyers the same?
No! Some lawyers that take mesothelioma cases do not have the experience or resources of a nationwide firm. Just because some lawyers can fill out the paperwork required to file a claim in court, that doesn’t mean they have the knowledge or proven track record to win compensation for their clients.
Mesothelioma lawsuits can be complex matters, often taking years to be resolved. Having a lawyer who knows the process and understands the stakes involved will keep costs low and help you receive compensation as quickly as possible to help cover treatment costs.
Can a lawyer help me get disability benefits?
Disability benefits are just one of the potential forms of compensation you can receive as a mesothelioma patient. In addition to helping you file paperwork related to disability benefits, an asbestos attorney can help you explore other forms of compensation that may be available to you, including:
• Veteran’s benefits
• Settlements or verdicts from a mesothelioma lawsuit
• Claims against an asbestos trust fund
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