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.
YERUSALEM, nama itu bergema di hati umat Muslim, Kristen dan Yahudi, selama beberapa era menyebarkan area dan sejarah perselisihan.
Yerusalem dalam bahasa ibrani disebut Yerushalayim, dan al-Quds dalam bahasa Arab, merupakan salah satu kota tertua di dunia. Di masa lalu, kota ini pernah ditaklukan, dihancurkan dan dibangun kembali selama beberapa kali dan meninggalkan sebuah episode berbeda.
Ketika wilayah ini menjadi fokus dari banyak sekali kisah mengenai perbedaan dan konflik antara orang yang berbeda agama, mereka bersatu dalam menghormati tanah suci ini.
Kota ini memiliki arsitektur bersejarah, dan terdapat pembagian wilayah bagi Muslim, Kristen, Yahudi dan Armenia. Dikelilingi oleh tembok kerikil dan menjadi lokasi situs-situs suci di dunia.
Setiap episode mewakili populasinya sendiri. Kristen memiliki dua wilayah sebab orang Armenia juga Kristen, dan wilayah mereka paling kecil diantara yang lain, yang menjadi Pusat Armenia tertua di dunia.
Menjadi unik sebab komunitas mereka telah mempertahankan budaya sendiri dan peradaban di dalam Gereja St James Church dan biara.
Masjid
Wilayah Muslim merupakan yang terbesar diantara yang lain dan terdapat daerah suci Dome of Rock dan Masjid al-Aqsa serta dataran tinggi yang dikenal sebagai Haram al-Sharif oleh umat Islam.
Masjid ini merupakan daerah suci ketiga bagi Islam setelah Masjidil Haram di Mekkah dan Masjid Nabawi di Madinah. Masjid al-Aqsa dikelola oleh yayasan Islam Waqf.
Umat Muslim yakin Nabi Muhammad ke Yerusalem dari Mekkah saat melaksanakan perjalanan malam yang disebut Isra Mi’raj, diyakini pula di Masjid al-aqsa Nabi Muhammad sholat bersama dengan roh seluruh nabi. Dan di bersahabat daerah suci Dome of the Rock, terdapat kerikil yang dipercaya umat Muslim, merupakan daerah yang dipijak nabi sebelum melaksanakan perjalanan ke surga.
Umat Muslim mengunjungi situs suci tersebut sepanjang tahun, tetapi setiap Jumat pada bulan Ramadhan, ratusan ribu umat Muslim melaksanakan sholat di masjid.
Masjid Al-Aqsa, yang artinya “masjid terjauh”, merupakan kompleks di Kota Tua Yerusalem yang terdiri dari Kubah Batu dari emas dan Masjid Qibly–yang kini dikenal sebagai Masjid Al-Aqsa sebab paling bersahabat dengan kiblat di Ka’bah.
Bangunan yang biasa disebut Masjid Al-Aqsa lantas berubah dari Tugu Batu menjadi masjid beserta kubah berwarna perak semenjak masa pemerintahan Khalifah Abbasiyah Al-Mansur pada tahun 754.
Bangunan sebelumnya hancur jawaban gempa yang mengguncang Yerusalem tahun 746. Setelah mengalami beberapa kali gempa, khalifah Fatimiyyah Ali Azh-Zhahir membangun kembali dengan arsitektur yang menyerupai terlihat sekarang.
Setelah itu, wilayah ini dikuasai oleh kekhalifahan Islam. Dari penguasa Ayyubiyah, Turki Utsmaniyah, sampai Yordania, kepemimpinan Islam selalu memperhatikan pengelolaan Masjid Al-Aqsa.
Sementara area di sekitar bangunan masjid disebut Haram al Sharif (Noble Sanctuary) bagi Muslim, atau Temple Mount bagi umat Yahudi.
Masjid Al-Aqsa yaitu salah satu daerah suci penting dalam anutan umat Islam selain Masjidil Haram dan Masjid Nabawi. Dalam hadis HR Ahmad dari Abu Darda, dijelaskan bahwa salat di Masjid Al-Aqsa akan mendapat ganjaran pahala 500 kali lipat.
Masjid Al-Aqsa awalnya merupakan Tugu Batu yang didirikan oleh Nabi Yakub sampai Nabi Sulaiman–atau dikenal dengan sebutan Raja Solomon.
Selain Masjid Al-Aqsa, warisan Islam lainnya di wilayah itu yaitu Dome of Rock atau Kubah Batu. Bangunan berwarna biru ini dibangun pada tahun 687 sampai 692 oleh generasi kedua Ummayah dengan kepercayaan bahwa sempurna di titik kerikil itu berada, Nabi Muhammad pergi ke langit ketujuh atau Sidratul Muntaha untuk mendapatkan wahyu.
Batu tersebut terdapat di Dome of Rock atau Masjid Kubah Batu yang berbentuk persegi delapan, berkubah emas, dan masih berada di dalam kompleks Masjid Al Aqsa.
Gereja
Di dalam wilayah Kristen terdapat Gereja Makam Kudus, yang menjadi situs penting bagi umat Kristen di seluruh dunia. Situs ini berada di tengah sejarah perjalanan Yesus, kematiannya, penyaliban dan kebangkitan.
Menurut tradisi Kristen, Yesus disalib di sana, di Golgotha, atau bukit Calvary, makamnya berada di dalam gereja dan juga menjadi lokasi kebangkitannya.
Gereja dikelola secara bersama oleh perwakilan kaum Kristen yang berbeda, sebagian besar dari Patriarkat Ortodok Yunani, Biara Franciskan dari Gereja Kristen Roma, dan Patriarkat Armenia, tetapi juga Ethiopia, Koptik, dan Gereja Ortodoks Suriah. Lokasi ini merupakan daerah tujuan ziarah bagi jutaan umat Kristen di seluruh dunia.
Tembok
Wilayah Yahudi merupakan daerah bagi Kotel, atau Tembok Barat atau dikenal sebagai Tembok ratapan, yang merupakan episode dari dinding episode yang tersisa dari bangunan Bait Suci.
Di dalam candi dulu merupakan terdapat ruang Maha Kudus, yang merupakan situs suci bagi umat Yahudi.
Kaum Yahudi percaya bahwa lokasi ini merupakan lokasi kerikil fondasi penciptaan bumi, dan daerah dimana Ibrahim bersiap untuk mengorbankan anaknya Ismail. Hari ini, Tembok Ratapan merupakan daerah terdekat bagi kaum Yahudi untuk berdoa ke Maha Kudus. Lokasi ini dikelola oleh Rabi dan setiap tahunnya jutaan orang Yahudi dari seluruh dunia melaksanakan ziarah. []
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