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.
Benarlah kata orang, Ramadan dan Aidifitri adalah sebaik-baik bulan dan ramai yang mengambil kesempatan dalam bulan yang baik ini untuk saling bermaafan dan lupakan sengketa lama. Jika dahulu, Nora Danish dan Fasha Sandha telah melupakan ‘kisah lama’ mereka kali ini giliran penyanyi Elly Mazlein pula melakukan perkara yang sama.
When Is It Cheaper To Fly To Australia? By Jean Folger
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Ah, Australia. Fascinating country of contrasts: cosmopolitan cities and snow-capped mountains, dramatic beaches and the desert-like outback. Well worth the 20-or-so-hour flight from the U.S., most travelers find. Some Americans love it so much they even opt to relocate there after they stop working (see Find The Top Retirement Cities In Australia).
Alas, the Land Down Under is not a cheap place to visit, and just getting there can strain any travel budget: Airfares from the U.S. can be as high as $2,000 to $3,000. The good news is that there are times of the year, and even days of the week, when you can fly to Australia for less.
Travel During Off-Peak Seasons
Like most tourist destinations, Australia has different travel seasons. Qantas Airways, Australia’s largest airline by fleet size and number of international flights, publishes fares based on three seasons: high, low and shoulder. Because the airlines pay close attention to demand in pricing schemes, there are multiple low and shoulder seasons throughout the year (which differs from many tourist destinations that have only three defined periods for low, shoulder and peak seasons). What would be one long low season during Australia’s winter, for example, is instead interrupted by a pricier shoulder season that coincides with school vacations in the U.S.
So just when are the various seasons? According to Qantas Airways, the high (or peak) season, which runs from about the second week of December through January, is when airfare tends to be the priciest because of the heavy holiday-oriented traffic. This is Australia’s summer (remember, the country is in the Southern Hemisphere, so seasons are opposite those in the Northern Hemisphere), and, depending on where you are, the weather can be (really) hot and dry, making the numerous beaches especially popular.
The shoulder season fits in between the peak and low seasons, and runs from February 1 thru April (late summer into fall); the second week of June until about the third week of July (winter, but when schools are out in the U.S.); and the third week of September through the first week of December (spring), just before people start traveling for the holidays.
The cheapest airfare tends to be during the low season, which runs from May 1 through the first week in June, and again from about the third week in July through the third week in September. These periods represent late fall and winter and temperatures are cooler, especially the farther south you are, heading towards Antarctica (again, this is opposite of the Northern Hemisphere, where people are used to heading south during the winter to warm up).
For comparison, we looked for the cheapest published fares on qantas.com for 14-day trips, traveling on Wednesdays in both directions during each of the three travel seasons, flying between Los Angeles and Sydney (prices in U.S. dollars). While the precise prices will vary, these figures represent the typical ratio among the seasons:
High season (dates tested: Dec. 23 – Jan. 6)
$2,172
Shoulder season (dates tested: Feb. 3 – Feb. 17)
$1,452
Low season (dates tested: Aug. 12 – Aug. 26)
$1,335
Different Days, Different Dollars
If you have some flexibility in your travel dates, you may be able to save money by flying Monday thru Thursday, and avoiding weekend flights. A quick peek at the published fares on qantas.com, for example, shows that if we traveled on Saturdays instead of Wednesdays, the fares would increase in each season by at least $100 (we looked at the same general dates as above, but moved each trip forward a few days to travel on Saturdays in both directions).
A Package Deal
Depending on your plans, you may be able to save money by purchasing a travel package that includes airfare and accommodations. A search on online travel aggregator Kayak, for example, shows a flight-plus-budget hotel deal for $1,496, traveling between August 12 and August 26 (the same dates we searched for low-season fares), which is just $161 more for the flight alone on qantas.com (for more on comparing booking sites, see Best Ways To Purchase Cheap Airline Tickets). Depending on your preferences, you could spend $2,318 for a package and stay in a boutique hotel in Downtown Sydney, or $3,684 to stay at a larger but luxe venue like the Four Seasons Hotel Sydney, with its swank spa. Many other options are available as well.
The Bottom Line
Australia is such a diverse country (and continent), that it takes weeks, if not months, to even begin to explore all that it has to offer. Like other tourist destinations, the country has different seasons when travel will be more, or less, expensive, so it pays to study the dates. You might be able to shave a few dollars off your airfare if you can travel on different days of the week. Booking your flight and accommodations together, instead of purchasing them separately, could also result in hefty savings. Spend some time on research now – and that way, you’ll be able to spend more time in Australia.
Read more: When Is It Cheaper To Fly To Australia? | Investopedia https://www.investopedia.com/articles/personal-finance/061215/when-it-cheaper-fly-australia.asp#ixzz5JRVZXfQv
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