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 and Mesothelioma Cases in Maryland and Guidelines in Hiring an Attorney and Firm
Maryland ranks as the 16th state to have the highest mortality rate from mesothelioma, and therefore among the states that have the highest tolls of cases on asbestos-related diseases. The state of Maryland has recorded 51 deaths relating to mesothelioma since 1991. Because of these, people living in Maryland only need to have more awareness on asbestos related diseases since they are at high risk of exposure.
Asbestos exposure could lead to several types of cancers including asbestosis and mesothelioma. Asbestosis is a chronic condition affecting the tissues in the lungs. This is considered as an occupational disease since the consequences that lead to the incidence comes mainly from worksites such as linings, shipyards and construction sites. Mesothelioma, on the other hand, is a type of cancer that begins from high degree of exposure to asbestos fiber. It affects mesothelium tissues that line several vital organs in the body.
Research during 1991 concluded that Maryland has a small number of deaths as compared with other states but these incidences are significant enough to alert people, medical authorities and legal authorities to address the pressing need to provide solutions on mesothelioma issues. The reality is, the small number of incidences since 1991 is only a fragment of the larger picture. In fact, there are some 1,074 people who died due to asbestos exposure since 1979 and those who have died because of mesothelioma is somewhere between 453 to 747 individuals.
The state of Maryland has a great mortality rate in relation to asbestos exposure and mesothelioma because there are cases of vermiculite contamination from 1948 until 1993.
Mesothelioma and asbestosis cases have actually risen in the past couple of years. Because of the climb of these medical cases, there are lots of people opting to file lawsuits in the court. This leads to the rising number of attorneys and firms to rise in number.
Victims and families of mesothelioma and asbestos cases almost always want to seek compensation for their losses and damages and these are only possible through obtaining legal advice from the proper authorities. But not all lawyers and firms are fit to bring your cases into the court and defend it. You should know that personal injury lawyers and firms specialize in the field of mesothelioma and asbestos cases, thus increasing your chances of winning the trial or at least obtain a fair compensation.
People who are diagnosed of asbestosis in Maryland are entitled to file lawsuits. Companies who are liable for exposing their workmen to asbestos know very well that they should maintain appropriate measures to eliminate the possibilities of exposure. But this was not the case before 1950's. Normally, companies operating prior to 1950's were not aware of the health hazards of asbestos. They did not practice measures to keep their people from being exposed to harmful amounts of asbestos fiber. Those companies who were proven to willfully expose their workmen to asbestos are almost always accountable for the losses, damages and the consequent effects of asbestos exposure.
These victims desire to get compensation which will at least alleviate the pain and anguish of the consequences of asbestos exposure.
There are a number of firms and attorneys in Maryland that you can turn to when needing legal help. There are some who have made good names while others are just starting to make a name for themselves. Of course, your best option is to seek the help of the more experienced ones but there is no telling what the newer firms and lawyers can give you until they have proven their worth.
To find the firm or lawyer that you believe will help you, it is best to make good research first and look for successful and unsuccessful cases of the law firm you are considering to hire. Take note also that most law firms these days have already established themselves online, thus making their presence readily available to those needing great help. You can find easily that there are quite a lot of law firms and websites who give toll free consultation and assessment of your case. Such services, along with personal discussion with the law firm or the attorney, would give you a wider perspective on how to deal with the case.
Mesothelioma Statutes of Limitations
The statute of limitations for a mesothelioma case starts at the time of patient's diagnosis or death and expires at different times depending on each state's laws.
How Long Do You Have to File a Claim?
A statute of limitations is a law that sets a time limit or deadline for legal claims to be filed. The mesothelioma claims time limits are usually between 1 and 3 years from diagnosis or the death of the patient, but these deadlines vary by state.
Factors Affecting How Long You Have to File
•
Location
The location of the company responsible for the exposure, where the exposure happened, and the residence of the victim are all potential factors in how long a claimant has to file a case. Each state in the U.S. has its own asbestos claims statute of limitations.
•
Type of Case
The statute of limitations for a mesothelioma claim typically begins when the patient was diagnosed, although sometimes a particular state’s trigger date to begin the statute of limitations considers different factors. If the patient has passed away, a spouse or family member sometimes has a newly set statute of limitations to file a wrongful death claim.
Learn Your Legal Options
Statutes of Limitations by State
Each state has its own statute of limitations for mesothelioma cases. Sometimes a mesothelioma case is even filed in multiple states if there are exposures in multiple states.
If the statute of limitations in one state has run out, there are sometimes other states with more time left on the deadline where a case can still be pursued.
The list below can give you a general idea of how many years you are allotted to file a claim. Since many contributing facts and circumstances, may lengthen or shorten these time limits, you should always consult a lawyer to find out exactly how much time you have to file your specific case in the applicable state.
Statute of Limitations Explained
Filing a lawsuit is usually one of the last things to cross a cancer patient’s mind. The stress of a mesothelioma diagnosis is a lot to handle, and finding treatment always comes first. However, patients and family members need to file their claim quickly to ensure they can receive compensation.
It takes anywhere from 20 to 50 years after a patient’s first asbestos exposure for mesothelioma to develop. Therefore, special rules apply to mesothelioma cases.
These special rules allow the statute of limitations to typically start from the time a diagnosis is made or the time a patient passed away. This ensures the statute of limitations doesn’t run out before a patient realizes anything is wrong.
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