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.
When You Buy Your Car Insurance Online
Every driver and car owner needs to have car insurance so he can be safe while driving on busy roads and highways. Everywhere you go getting car insurance is mandatory. And with the increasing numbers of vehicles and drivers in most corners around the world today, it has become one of the most sought after financial products these days. There are a wide range of products to choose from, and getting the right one just perfect for your specific needs and wants is enough in case you got caught in an unfortunate accident.
As there are different kinds of car insurances available in the market today, each of these policies protects the driver and his passengers together with that of the other party out on the road in case of accidents in its own way. And because there are varieties to choose from, a few rules have been formulated to land on that right plan. It's obvious that the first one should be to determine the need. It's important that you ask yourself who or what are you trying to insure. There is always the damage you, your passengers and your vehicle can incur in an accident. And let's not forget about the other vehicle and its passengers, including any unfortunate bystanders or passersby caught in the accident. All these make more sense when contemplating about that first important question.
The next one would be the amount range of the premium that you can afford which will not strain your budget that much. This issue is better regarded as the search for the most economical option that you can find, including the fundamental requirements that are overlooked most of the times. To set yourself in the right direction, you should aim for that policy that will effectively and efficiently cover your needs in case of emergencies.
The different car insurance products available in the market today are much varied and oftentimes very confusing. Arriving at a suitable decision from all the data from other competing companies that you have to absorb is very tricky and downright mindboggling. Shopping for your car insurance online will surely save the day. The internet platform is very good, and you will always be at ease while making your search here. It virtually saves you time and effort. Decision making will then be a simple walk in the park for you, even with the different prospects that you will have to face, as competitiveness and lowered insurance rates because of the discounts offered will work to your advantage.
Still, you have an important decision to make. Check for options. Gather at least three quotes from three insurance companies. This simple method of comparison can make a huge difference. It's important because it will show you the potential premium and other costs that you're going to have to entertain. But most importantly, you get to check the offer document and analyze the scope of the coverage offered. There are times that the cheapest coverage you can find may not really serve you best in your interest, and by playing with the premium a bit, you can surely get a better comprehensive coverage.
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Human hobbies are endless. Some hobbies are common whereas, some are very special and require a huge sum of money to meet them. As a matter of fact, these hobbies are very rare and that is why people remember them who have such rare and valuable hobbies. Keeping an antique car is also a rare kind of hobby that requires lots of money as these old and classic cars are very dear. It is not possible for everyone to buy them and to maintain them easily. The most attractive feature of these costly cars in that they are not used for everyday riding. These are old cars and therefore, they are not fit for the common roads today.
Keeping a hobby is not enough as the person who has a classic car like this should also take very good care of these cars. If you share such a rare as well as very expensive hobby, you must make proper arrangement for the maintenance of your car. However, they are not used for everyday riding; they always remain in the attention of the thieves and the robbers. It is also true that these old pieces are not very strong and they may get severe damages if they are hit by natural disasters. In order to protect your car from these natural or man-made calamities, you need to purchase antique car insurance from reliable insurance companies.
Since these cars are not fit for everyday riding, therefore, they do not run into the risk of road accidents. Due to these reasons, these antique cars do not get very good insurance cover. Therefore, it is not an easy task to find out a company that can offer you quite a good insurance coverage for a moderately high price.
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