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.
Pelakon Fiza Abdul Halim telah selamat melahirkan seorang bayi perempuan di KPJ Damansara Specialist Hospital pada 11.23 pagi semalam.
Ways To Make Insurance Exciting
By Yolander Prinzel March 22, 2012 — 2:00 AM EDT
Have you ever yawned while paying your insurance premium? Have you ever completely forgotten what you were doing while you were in the middle of a conversation with your insurance agent? Have you ever tried to read an insurance policy and instead fallen asleep with the boring document of doom resting on your stomach? If you have, it's no surprise - because insurance is boring. If you find yourself lulled into a state of not caring thanks to the dull nature of insurance then there's one prescription that can get you back on track: You need to make insurance exciting.
Think About the End Result
Instead of thinking about how insurance works, think about what it does. A home insurance or flood policy may completely pay for the rebuilding of your home after an insurable incident. A home, flood or renter's insurance policy may replace the value of all the property you have in your home. An auto insurance policy may get you a new car if yours is totaled or stolen. Liability coverage in your home, auto and renter's insurance policy can keep you from having to pay the medical expenses of an injured individual. The list of things insurance accomplishes goes on and on.
The benefits of insurance are the key to the product's excitement factor. In order to put that into perspective, look around, you - see all that stuff? If it's insured, it may be replaced under the right circumstance. Oh, and see your savings account balance? Beyond paying for deductibles and anything over your limits, that will be preserved as your insurance policies spend money so you don't have to.
Find the Hidden Gems
Insurance policies often have benefits that you don't even realize they have. Finding these benefits can make insurance exciting as it opens up a whole new world of opportunity for use. For example, have you checked your health insurance policy to see if it offers any fringe health benefits such as massage or acupuncture? Or, did you know that you may be able to borrow from the cash value of your life insurance policy without paying taxes on the loan? And, if you have a variable policy or indexed policy, did you realize that you could follow the market and change your life insurance policy's subaccounts to help the cash value grow more?
Sometimes, the most talked about benefits of an insurance policy are not the most exciting. Look at your policies - even if you have to use toothpicks to keep your eyes open during the process - and really study what your benefits are. You are paying for the product after all, you may as well understand what you can get out of it.
Consider the Alternative
Have you ever noticed how something as mundane as grocery shopping becomes exciting when you are hungry and don't have food in the house? Well, insurance is no different. One of the best ways to make insurance exciting is to see how you would feel if you didn't have it. Go ahead and take a moment to imagine the worst - and imagine that it happens without the benefit of an insurance policy to make you financially whole after the potentially devastating loss. Imagine you have no car, no home and no money. Imagine how that would affect your life, and then remind yourself that you have insurance and allow the sweet feeling of relief to flow through your veins. Exciting, no?
The Bottom Line
Insurance doesn't have to be an electrifying product to be a necessary and useful one. Sometimes, insurance is the protective vehicle that allows you to indulge in your thrill-seeking side while limiting the financial consequences, such as when you purchase travel medical insurance with an adventure sports rider. Because insurance isn't meant to be an exciting journey in itself, it's designed to make your life's thrilling journey a little easier and more financially sound.
Read more: Ways To Make Insurance Exciting https://www.investopedia.com/financial-edge/0312/ways-to-make-insurance-exciting.aspx#ixzz5GLQnE5An
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