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.
Why Hire 'Iron Fist' Personal Injury Lawyers
Now it is very important to search for the most experienced and professional lawyer who through his or her skills will make a strong case. By this the chances of winning a case become evident and you can get exactly the type of compensation you deserve.
Now first of all, it is important to find a competitive personal injury lawyer who is going to estimate accurately the extent of injury and then calculate the amount of compensation required. Depending on the degree of injury and its consequences a lawyer files the case according to it. In this process of search you can also seek the free advice available from many attorneys as this will exactly determine the type of lawyer you want for your case.
You can also search online for the potential lawyers; this will help in strengthening your case as you will be equipped with all the necessary information. There are various directories online which provide the list of competent and skilled lawyers. You can also read the user reviews and the history of a particular lawyer. This will help you in choosing the apt personal injury lawyer.
Personal injury lawyers have ample knowledge of various branches of law but their specialization is in the tort law. Tort law focuses on the mistakes of civil actions and wrong doings which are interrelated. The lawyers put maximum efforts towards solving the case and save the clients from the expense and time wasted on court visits.
Another significant effort by the lawyers is that, they try hard to make possible claims and compensations from less effort and time. All they have to do is put their capabilities and skills focused on the relevant case and solve it efficiently. It is also the responsibility of the client to act wisely and consider the advice of lawyer seriously. This will help together in making the case a success. The basic point is to save money and time to the maximum extent possible and manage a potential case.
It is very important to file a strong lawsuit as this will make your stance more clear and determined. You have to be independent and considerate while suffering from the injury and case process. After you hire an experienced lawyer you can focus towards the betterment of your health. This will save you greatly from the stress and pressure of other party and insurance company if involved.
You need to have your separate demands and stay firm on that if you are right and demanding according to the law. This can be done more effectively if you have hired a personal injury lawyer.
Personal injury lawyers are experienced and know how to settle a handsome or at least a satisfactory compensation. Most of the people ignore lawyers due to their fees and other charges of the case.
But if you a hire a lawyer and fight your case you might get more than you though of or expected rather doing it alone. Lawyers also share the whole scenario and different complexities of the case which determine the course of case. The benefits and importance of hiring a potential personal injury lawyer are much broader then they seem to be especially in the long run. So it is wise to fight the case with the support of your lawyer rather being alone and coming under the pressure of the other party and their lawyers
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When a person has experienced an injury due to the negligence of another party it is a very good decision to speak with a lawyer who specializes in personal injury. Personal injury lawyers are available to assist their clients who have been injured as a result of carelessness of another person or business.
These claims often include car accidents, slip and falls, medical malpractice, workplace injuries, and assault. They can also be filed when a consumer product is defective and causes physical injury. In a personal injury claim, a person can seek monetary damages based on the extent of the injury, whether it be physical, emotional or both. Personal injury claims also cover other items such as loss of wages or loss of work due to the injury.
Not every lawyer specializes in personal injury litigation. It is necessary to find a lawyer that specializes in not only personal injury litigation but a specific injury as well. During litigation, the insurance companies will have their own lawyers who are completely knowledgeable in regards to personal injury laws. Therefore it is equally important for the consumer or injured party to have a lawyer who is just as knowledgeable. Experienced lawyers who specialize in a specific injury will be able to use this knowledge and their resources to handle the law suit.
These lawyers will have access to medical experts who will help strengthen the case. They should also have access to legal cases that are similar to yours. Preparing for a personal injury case takes time. You will need a lawyer who is equipped to relieve the burden of waiting by filing the appropriate motions, gathering statements from witnesses, and handle the discovery process.
For all the different types of these injury cases, there are specific lawyers to handle them. Medical malpractice law is a perfect example. This type of law is extremely complicated and very specialized. Therefore, it is essential to find a lawyer that specializes in a specific injury. Spinal Cord Injury and Brain Injury are very complex areas which would require a lawyer who only specializes in these types of injuries.
When a person suffers from an injury as substantial as Brain or Spinal Cord Injury, often times they are not able to work again and need a lifetime of medical care. Sometimes, paralysis is a result of these injuries. The lawyer who represents these cases will need to be able to determine the cause, with the help of a medical expert, in order to prove the case. Not having the right lawyer with the right expertise can result in wasted time and loss of a substantial amount of money.
There are lawyers who specialize in all types of accidents such as slip and fall, car accidents, construction accidents. There are those who specialize only in litigation that involves defective products. When speaking to lawyers, ask questions like: What areas of litigation do they specialize in? Have they previously worked on cases similar to yours? What was the final outcome of those cases? How many cases like yours have they handled?
You will not be able to win a personal injury lawsuit without a qualified and experienced lawyer. Personal injury lawyers are there to provide the expertise and knowledge about the law that a regular person does not have. They will ensure that you are treated fairly and your claim is filed properly. Hiring a lawyer who specializes in your specific injury will alleviate the burdens of preparing for a lawsuit so that you can recover from your injury.
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