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.
Bismillah... Kisah Nyata : Saat Sujud, Seorang Imam Masjid Mendengar Seruan Putranya Yang Hampir Mati Tenggelam.Kisah kasatmata ini diceritakan sendiri oleh pelakunya dan pernah disiarkan oleh Radio Al Qur’an di Makkah al Mukarramah. Kisah ini terjadi pada isu terkini haji dua tahun yang lalu di tempat Syu’aibah, yaitu tempat pesisir pantai laut merah, terletak 110 Km di Selatan Jeddah.
Pemilik kisah ini berkata: Ayahku yakni seorang imam masjid, namun demikian saya tidak shalat. Beliau selalu memerintahkan saya untuk shalat setiap kali datang waktu shalat. Beliau membangunkan ku untuk shalat subuh. Akan tetapi saya berpura-pura seperti pergi ke masjid padahal tidak. Bahkan saya hanya mencukupkan diri dengan berputar-putar naik kendaraan beroda empat hingga jama’ah selesai menunaikan shalat. Keadaan yang demikian terus berlangsung hingga saya berumur 21 tahun. Pada seluruh waktuku yang telah lewat tersebut saya jauh dari Yang Mahakuasa dan banyak bermaksiat kepada-Nya.
Tetapi meskipun saya meninggalkan shalat, saya tetap berbakti kepada kedua orang tuaku.
Inilah sekelumit dari kisah hidupku di masa lalu Pada suatu hari, kami sekelompok cowok bersepakat untuk pergi rekreasi ke laut. Kami berjumlah lima orang pemuda. Kami hingga di pagi hari, lalu membuat tenda di tepi pantai. Seperti biasanya kamipun menyembelih kambing dan makan siang. setelah makan siang, kamipun mempersiapkan diri turun ke laut untuk menyelam dengan tabung oksigen. sesuai aturan, wajib ada satu orang yang tetap tinggal di luar, di sisi kemah, hingga dia bisa bertindak pada ketika para penyelam itu terlambat datang pada waktu yang telah ditentukan.
Akupun duduk, dikarenakan saya lemah dalam penyelaman. Aku duduk seorang diri di dalam kemah, sementara disamping kami juga terdapat sekelompok cowok yang lain. Saat datang waktu shalat, salah seorang diantara mereka mengumandangkan adzan, kemudian mereka mulai menyiapkan shalat.
Aku terpaksa masuk ke dalam laut untuk berenang biar terhindar dari kesulitan yang akan menimpaku kalau saya tidak shalat bersama mereka. Karena kebiasaan kaum muslimin di sini yakni sangat menaruh perhatian terhadap shalat berjamaah dengan perhatian yang sangat besar, hingga menjadi malu bagi kami kalau seseorang shalat fardhu sendirian.
Aku sangat jago dalam berenang. Aku berenang hingga merasa kelelahan sementara saya berada di tempat yang dalam. AKu memutuskan untuk tidur diatas punggungku dan membiarkan tubuhku hingga bisa mengapung di atas air. Dan itulah yang terjadi. Secara tiba-tiba, seperti ada orang yang menarikku ke bawah… saya berusaha untuk naik. Aku berusaha untuk melawan….aku berusaha dengan seluruh cara yang saya ketahui, akan tetapi saya merasa orang yang tadi menarikku dari bawah menuju ke kedalaman laut seperti sekarang berada di atasku dan menenggelamkan kepalaku ke bawah.
Aku berada dalam keadaan yang ditakuti oleh semua orang. Aku seorang diri, pada ketika itu saya merasa lebih lemah daripada lalat. Nafaspun mulai tersendat, darah mulai tersumbat di kepala, saya mulai mencicipi kematian! Tiba-tiba, saya tidak tahu mengapa…aku ingat kepada ayahku, saudara-saudaraku, kerabat-kerabat dan teman-temanku… hingga karyawan di toko pun saya mengingatnya. Setiap orang yang pernah lewat dalam kehidupanku terlintas dalam ingatanku…semuanya pada detik-detik yang terbatas…kemudian setelah itu, saya ingat diriku sendiri..!.!!
Mulailah saya bertanya kepada diriku sendiri…apa engkau shalat? Tidak. Apa engkau puasa? Tidak.
Apa engkau telah berhaji? Tidak. Apa engkau bershadaqah? Tidak. Engkau sekarang di jalan menuju Rabbmu, engkau akan terbebas dan berpisah dari kehidupan dunia, berpisah dari teman-temanmu, maka bagaimana kau akan menghadap Rabb-mu? Tiba-tiba saya mendengar bunyi ayahku memanggilku dengan namaku dan berkata: “Bangun dan shalatlah.” Suara itupun terdengar di telingaku tiga kali. Kemudian terdengarlah bunyi dia adzan. Aku merasa dia bersahabat dan akan menyelamatkanku.
Hal ini menjadikanku berteriak menyerunya dengan memanggil namanya, sementara air masuk ke dalam mulutku. Aku berteriak….berteriak…tapi tidak ada yang menjawab. Aku mencicipi asinnya air di dalam tubuhku, mulailah nafas terputus-putus. Aku yakin akan mati, saya berusaha untuk mengucapkan syahadat….kuucapkan Asyhadu…Asyhadu…aku tidak bisa untuk menyempurnakannya, seperti ada tangan yang memegang tenggorokanku dan menghalangiku dari mengucapkannya. Aku merasa bahwa nyawaku sudah dalam perjalanan keluar dari tubuhku.
Akupun berhenti bergerak…inilah tamat dari ingatanku. Aku terbangun sementara kau berada di dalam kemah…dan di sisiku ada seorang tentara dari Khafar al Sawakhil (penjaga garis batas laut), dan bersamanya para cowok yang tadi mempersiapkan diri untuk shalat. Saat saya terbangun, tentara itu berkata:”Segala puji bagi Yang Mahakuasa atas keselamatan ini.” Kemudian dia eksklusif beranjak pergi dari tempat kami. Aku pun bertanya kepada para cowok ihwal tentara tersebut. Apakah kalian mengenalnya? Mereka tidak mengetahuinya, dia datang secara tiba-tiba ke tepi pantai dan mengeluarkanmu dari laut, kemudian segera pergi sebagaimana engkau lihat, kata mereka.
Akupun bertanya kepada mereka: “Bagaimana kalian melihatku di air?” Mereka menjawab,”Sementara kami di tepi pantai, kami tidak melihatmu di laut, dan kami tidak mencicipi kehadiranmu, kami tidak merasakannya hingga ketika tentara tersebut hadir dan mengeluarkanmu dari laut.” Perlu diketahui bahwa jarak terdekat denga Markas Penjaga Garis Laut yakni sekitar 20 Km dari kemah kami, sementara jalannya pun jalan darat, yaitu membutuhkan sekitar 20 menit hingga hingga di tempat kami sementara peristiwa karam tadi berlangsung dalam beberapa menit.
Para cowok itu bersumpah bahwa mereka tidak melihatku. Maka bagaimana tentara tersebut melihatku? Demi Rabb yang telah menciptakanku, hingga hari ini saya tidak tahu bagaimana dia bisa hingga kepadaku. seluruh peristiwa ini terjadi ketika teman-temanku berada dalam penyelaman di laut. Ketika saya bersama para cowok yang menengokku di dalam kemah, HP-ku berdering. segera HP kuangkat, ternyata ayah yang menelepon. Akupun merasa bingung, sebab sesaat sebelumnya saya mendengar suaranya ketika saya di kedalaman, dan sekarang dia menelepon?
Aku menjawab….beliau menanyai keadaanku, apakah saya dalam keadaan baik? Beliau mengulang-ulangnya, berkali-kali. Tentu saja saya tidak mengabarkan kepada beliau, supaya tidak cemas.
Setelah pembicaraan selesai saya merasa sangat ingin shalat. Maka saya berdiri dan shalat dua rakaat, yang selama hidupku belum pernah saya lakukan. Dua rakaat itu saya habiskan selama dua jam. Dua rakaat yang kulakukan dari hati yang jujur dan banyak menangis di dalamnya. Aku menunggu kawan-kawanku hingga mereka kembali dari petualangan. Aku meminta izin pulang duluan. Akupun hingga di rumah dan ayahku ada di sana. Pertama kali saya membuka pintu, dia sudah ada di hadapanku dan berkata: “Kemari, saya merindukanmu!” Akupun mengikutinya, kemudian dia bersumpah kepadaku dengan nama Yang Mahakuasa biar saya mengatakan kepada dia ihwal apa yang telah terjadi padaku di waktu Ashar tadi. Akupun terkejut, bingung, gemetar dan tidak bisa berkata-kata.
Aku merasa dia sudah tahu. Beliau mengulangi pertanyaannya dua kali. Akhirnya saya menceritakan apa yang terjadi padaku. Kemudian dia berkata:”Demi Allah, sebetulnya saya tadi mendengarmu memanggilku, sementara saya dalam keadaan sujud kedua pada tamat shalat Ashar, seperti engkau berada dalam sebuah musibah. Engkau memanggil-manggilku dengan teriakan yang menyayat-nyayat hatiku. Aku mendengar suaramu dan saya tidak bisa menguasai diriku hingga saya berdo’a untukmu dengan sekeras-kerasnya sementara manuisa mendengar do’aku. Tiba-tiba, saya merasa seperti ada seseorang yang menuangkan air hambar di atasku. Setelah shalat, saya segera keluar dari masjid dan menghubungimu. Segala puji bagi Allah, saya merasa damai bagitu mendengar suaramu. Akan tetapi wahai anakku, engkau teledor terhadap shalat.
Engkau menyangka bahwa dunia akan infinit bagimu, dan engkau tidak mengetahui bahwa Rabbmu berkuasa merubah keadaanmu dalam beberapa detik. Ini yakni sebagian dari kekuasaan Yang Mahakuasa yang Dia perbuat terhadapmu.
Akan tetapi Rabb kita telah menetapkan umur gres bagimu. Saat itulah saya tahu bahwa yang menyelamatkan saya dari peristiwa tersebut yakni sebab Rahmat Yang Mahakuasa Ta’ala kemudian sebab do’a ayah untukku. Ini yakni sentuhan lembut dari sentuhan-sentuhan kematian. Yang Mahakuasa Ta’ala ingin memperlihatkan kepada kita bahwa betapapun kuta dan perkasanya insan akan menjadi makhluk yang paling lemah di hadapan keperkasaan dan keagungan Yang Mahakuasa Ta’ala. Maka sejak hari itu, shalat tidak pernah luput dari pikiranku. Alhamdulillah. Wahai para pemuda, wajib atas kalian taat kepada Yang Mahakuasa dan berbakti kepada kedua orang tua.
Semoga goresan pena ini dapat menawarkan hikmah, baik kepada penyampai maupun kepada pembaca. Silahkan bagikan ke teman-teman anda di facebook biar kabar ini tidak hanya hingga pada anda.
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