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.
Baru-baru ini, pelakon Sharifah Sakinah dan suaminya, Aliff Adha telah mengadakan majlis hari lahir lebih awal untuk anak sulung mereka, Anais Adha yang akan genap setahun pada 24 Mei ini.
What Affirmative Action Means for Businesses By Andrew Bloomenthal | Updated May 18, 2018 — 12:15 PM EDT
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Created as part of the Civil Rights Act of 1964, affirmative action refers to the practice of requiring businesses that contract with the federal government to promote equal opportunities among races, genders, religions, sexual orientations, people with disabilities and veterans, in an effort to counter past discrimination against these minority groups.
It was signed by President John F. Kennedy in 1961 and four years later President Lyndon B. Johnson issued it as Executive Order 11246, requiring government employers to take “affirmative action” to “hire without regard to race, religion and national origin.” Gender was added to the definition two years later.
How Is Affirmative Action Enforced?
Affirmative action plans (AAP) are enforced by the Office of Federal Contract Compliance Programs (OFCCP) under the U.S. Department of Labor (DOL) umbrella.
According to the DOL's web site, Executive Order 11246 applies to federal contractors and federally-assisted construction contractors who conduct at least $10,000 in government business in a one-year time period. But the order also applies to subcontractors who supply components to companies with federal contracts, such as manufacturers of engine parts for makers of vehicles purchased by the Department of Defense. Furthermore, financial institutions with deposit accounts for federal funds or that sell or cash U.S. savings bonds must also maintain an AAP.
Theoretically, companies with the most robust affirmative action programs will boast employee profile breakdowns that most accurately reflect the broader labor pools available to them. And while affirmative action has its share of detractors, an organization’s failure to comply with equal opportunity laws can result in costly financial and legal penalties.
As an effective management tool, an affirmative action platform employs internal auditing and reporting systems to track a contractor’s progress toward achieving the workforce that would theoretically occur under the total absence of discrimination. In addition to aggressive educational and outreach efforts aimed at targeting underrepresented populations, this includes equal treatment across recruitment, compensation, advancement and all other components of the workplace experience. Simply put: affirmative action mirrors how organizations conduct daily business.
OFCCP conducts compliance reviews to study the employment practices of government-contracted businesses. During a compliance review, a compliance officer may scrutinize a contractor's affirmative action program by looking at personnel rosters, payroll figures and other records in addition to interviewing staffers and management executives. If problems are discovered, OFCCP will recommend corrective action and suggest ways to achieve the desired equal employment opportunity.
Problems may also be flagged by individuals filing complaints if they believe they have been discriminated against. Complaints must be filed within 180 days from the date of the alleged discrimination, although filing time can be augmented on a case-by-case basis.
(For more, see: 8 Things Employers Aren't Allowed to Ask You.)
The Benefits of Affirmative Action
Supporters of affirmative action argue that discrimination is still a problem in the American workforce and maintain that differing opportunities persist. In addition to righting this wrong, some argue that from a profitability standpoint, diversity in the workplace is good for a company’s bottom line — especially when it comes to minorities in leadership roles and board positions. The group-think mentality of good-old-boy networks doesn’t necessarily bring about the freshest ideas. Case in point: a recent study shows that when you reach a critical mass of 30 percent or more women on a board of directors, behaviors begin to change, governance improves and discussions become richer. And while sometimes it takes outside forces for higher-ups to shed their “hire-like-me” habits, once they observe the positive consequence, they tend to embrace change willingly.
Finally, although the availability of government contracts vary by administration and federal budgetary outlooks, such accounts are potentially lucrative windfall opportunities for the businesses that win them. As a result, businesses that are willingly compliant with equal opportunity law may be setting the stage for rosy prospects.
What Are the Perceived Disadvantages?
Since affirmative action guidelines require covered employers to meet certain timetables for hiring and promoting minorities and women, this may coerce employers to make hiring decisions based on numbers and not the overall qualifications of the applicants. It also creates an increase in competition for well-qualified applicants within these groups.
There also may be negative psychological ramifications at play, in that affirmative action policies can potentially stigmatize certain women and minority employees who may endure suspicious glares from co-workers who question the motivations for their hires.
(For more, see: These SRI Funds Focus on Empowering Women.)
The Bottom Line
While affirmative action continues to be a source of controversy, AAP’s are a reality for all government contracted businesses. Employers that have been sued for discrimination may choose to implement an AAP as a way to proactively avoid future litigation, but also as a method of securing long-term viability.
Read more: What Affirmative Action Means for Businesses | Investopedia https://www.investopedia.com/articles/investing/021215/guide-affirmative-action-and-business.asp#ixzz5GF1Pyp87
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