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.
Saya anggap dunia yaitu soal bagaimana hidup dan cari kehidupan.. bagaimana menikmati dan lebih baik dari insan lain, bagaimana mampu punya status baik, dihargai dengan apa yg dipunya dan sedikit jalan2 menikmati dunia..
Saya anggap orang yg maju dalam agama itu yaitu yang berfikiran luas dan penuh toleransi, saya anggap tak perlulah terlalu fanatis akan sesuatu, tak perlu reaktif akan sesuatu, keep calm, be cool... Janganlah sesekali dan ikut2an jadi orang norak... ikut kelompok jingkrang2 dan entah apalah itu namanya..
Saya tak ikut agresi bela agama ini itu kalian jangan usil, jangan dengan kalian ikut saya tidak, artinya kalian masuk syurga saya tidak!, Saya ini beragama lho, saya ikut berpuasa, saya bersedekah dan beramal..Saya bantu orang2, bantu saudara2 saya juga,, jgn kalian tanya2 soal tugas saya ke lingkungan, kalian lihat orang2 respek pada saya, temanpun saya banyak...tiap kotak pertolongan saya isi..
Saya masih heran, apa sih salah seorang ahok? Dia sdh bantu banyak orang, beliau memang rada garang tapi hatinya baik kok, saya hargai apa yang sudah beliau buat bagi jakarta... Saya anggap agresi ini itu hanya soal politis sebab kebetulan ada pilkada,, saya tak mau terbawa2 arus menyerupai teman2 kantor yg tiba2 juga mau ikut aksi, saya anggap itu berlebihan dan terlalu cari2 sensasi... paling juga mau selfie2..
Sampai satu saat....
,sore ini dalam gerimis ketika saya ada di jalan, dalam kendaraan beroda empat menuju daerah miting, dalam alunan musik barat saya berpapasan dengan rombongan pejalan kaki, saya melambat, mereka berjalan tertib, barisannya panjang sekali, pakai baju putih2, rompi hitam dan hanya beralas sendal,, muka mereka letih, tapi konkret kelihatan tidak ada paksaan sama sekali di wajah2 itu.. mereka tetap berjalan teratur, memberi jalan ke kendaraan yg mau melintas, tidak ada yang teriak, berlaku angkuh dan aneh2 atau bawa aura menyerupai rombongan pengantar mayat yg ugal2an.... Ini aneh, biasanya jikalau sdh bertemu orang ramai2 di jalan aromanya kita sudah paranoid, suasana panas dan penuh tanda tanya negatif.... Sore ini, di jalan saya merasa ada kedamaian yang kulihat dan kurasa melihat wajah2 dan baju putih mereka yg berair terkena gerimis,...
Papasan berlalu, saya setel radio lain...ada berita,, rombongan akseptor agresi jalan kaki dari ciamis dan kota2 lain sudah memasuki kota, ada nama jalan yg mrk lalui... Aku sambungkan semua informasi, ternyata yang saya berpapasan tadi yaitu rombongan itu... Aku tertegun...
Lama saya membisu ,, otakku serasa terkunci, analisaku soal bagaimana orang beragama sibuk sekali mencari alasan, tak kutemukan apa pun yg sesuai dengan pemikiranku, apa yg membuat mereka rela melaksanakan itu semua?? Apa kira2?.. saya makin sibuk berfikir.... Apa menurutku mereka itu berlebihan? Rasanya tidak, saya melihat sendiri muka2 tulus itu.... Apa mereka ada tujuan2 politik? Aku rasa tidak, kebanyakan orang sekarang memcapai tujuan bukan dengan cara2 itu.... Apakah orang2 dgn tujuan politik yang gerakkan mereka itu?.. saya hitung2, dari informasi akan ada jutaan akseptor aksi,, berapa biaya yg harus dikeluarkan untuk itu jikalau ini tujuan kelompok tertentu... Angkanya fantastis, rasanya mustahil ada yg mau ongkosi krn nilainya sangatlah besar....
Aku dalam berfikir, dalam mobil, masih dalam gerimis kembali berpapasan dengan kelompok lain, berbaju putih juga, berair kuyup juga... Terlihat di pinggir2 jalan anak2 sekolah membagikan minuman air mineral ukuran gelas, sedikit kue2 warung ke mereka, sepertinya itu dr uang jajan mereka yg tak seberapa.... Aku melamun makin dalam... Ya Allah....kenapa saya begitu buruk berfikir selama ini??? Kenapa hanya hal2jelek yang mau saya lihat perihal agamaku... Kenapa dengan cara pandangku soal agamaku??
Aku mampir ke masjid, mau sholat ashar...aku lihat sendal2 jepit lusuh aneka macam berbaris...aku ambil wudhu...
Kembali, di teras, kali ini saya bertemu rombongan tadi, mungkin yang tercecer,, muka mereka lelah sekali, mereka duduk,, ada yg minum, ada yg rebahan, dan lebih banyak yg lagi baca Quran... Hmmm
Aku sholat sendiri,, tak lama punggungku dicolek dr belakang, tanda minta saya jd imam, saya cium aroma tubuh2 dan baju berair dari belakang.... Aku takbir sujud,, ada lagi yang mencolek,. Nahh....Kali ini hatiku yang dicolek, entah kenapa... hatiku bergetar sekali, saya sujud cukup lama, mereka juga diam... Aku bangun duduk,, saya tak sadar ada air bening mengalir dari sudut mataku.... Ya Allah... Aku tak pantas jadi imam mereka,. Aku belum sehebat, setulus dan seteguh mereka.... Bagiku agama hanya hal2 manis, perihal hidup indah, perihal toleransi, humanis, pluralis, penuh gaya , in style ..bla bla bla,... Walau ada hinaan ke agamaku saya harus ttp elegan, berfikiran terbuka... Kenapa Kau pertemukan mereka dan saya hari ini ya Allah, kenapa saya Kau jadikan saya imam sholat mereka?? Apa yang hendak Kau sampaikan secara eksklusif ke aku??....
Hanya 3 rakaat saya imami mereka,, hatiku luluh ya Allah.... mataku merah nahan haru... Mereka colek lagi punggungku, ada anak kecil usia belasan cium tanganku, mukanya kuyu tapi tetap senyum.. agak malu2 saya peluk dia, dadaku bergetar tercium busuk keringatnya, dan itu tak busuk sama sekali... Ini mampu jadi beliau anakku juga,. Apa yg telah kuajarkan anakku soal islam? Apakah beliau levelnya sekelas anak kecil ini?? Gerimis saja saya suruh anakku berteduh... beliau demam sedikit saya panik... Aku nangis dalam hati.... di baju putihnya ada goresan pena nama sekolah,. smp ciamis... Ratusan kilo dari sini.... kakinnya nanah sebab berjalan semenjak dari rumah, beliau dongeng bapaknya tak bs ikut krn sakit dan hanya hidup dr membecak, bapaknya mau bawa becak ke jakarta bantu nanti jikalau ada yg capek, tapi beliau larang... Aku dipermalukan berulang2 di masjid ini... Aku sudah tak besar lengan berkuasa ya Allah... Mereka bangkit, ambil tas2 dan kresek putih dr sudut masjid, kembali berjalan, meninggalkan saya sendirian di masjid,, rasa2nya melihat punggung2 putih itu hipang dr pagar masjid saya menyerupai sudah ditinggal mereka yg menuju syurga... Kali ini saya yg norak,, saya sujud, lalu saya sholat sunat dua rakaat,, air mataku keluar lagi.... kali ini cukup banyak, untung lagi sendirian..
Sudah jam 5an,, lama saya di masjid, serasa terkunci tubuhku di sini...miting dgn klien sptnya batal... saya mikir lagi soal ke islamanku, soal komitmenku ke Allah, Yang Mahakuasa yg telah ciptakan aku, yg memberi ibu bapakku rejeki, hingga saya pintar balig cukup akal dan gembira menyerupai hari ini.... dimana posisi pembelaanku ke agamaku hari ini??? Ada dimana? Imanku sudah saya buat nyasar di mana?...
Aku naik ke mobil, saya mikir lagi,. Kali ini tanpa rasa curiga, kurasa ada sumbat besar yg telah lepas dalam benakku selama ini... Ada satu kata,. Sederhana sekali tanpa bumbu2... Ikhlas dalam bela agama itu memamg konkret ada...
Aku mampir di minimarket,, kali ini juga makin ikhlas, makin mantap... Aku beli beberapa dus air mineral, makanan kering, isi dompet saya habiskan penuh emosional.... Ini kebangganku yg pertama dalam hidup ketika beramal, saya bahagia sekali... Ya Yang Mahakuasa ijinkan saya kembali ke jalanMu yang lurus, yg lapang, penuh kepasrahan dan kebersihan hati....
Ya Yang Mahakuasa ijinkan saya besok ikut Shalat jumat dan berdoa bersama saudara2ku yang sebenarnya,. Orang2 yang sangat tulus membela Mu... Besok, tak ada jarak mereka denganMu ya Allah... Aku juga mau begitu, ada di antara mereka, anak kecil yg berair kuyup hari ini....tak ada penggargaan dr insan yg kuharap, hanya ingin Kau terima sujudku... Mohon Kau terima dengan sangat... Bismilahirahmanirahiim....
(1 Desember 2016 , Ditjeriteratakan oleh Joni A Koto, Arsitek, Urban planner.. alumni ITB 93)
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