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.
Gara-gara menciptakan suntikan kolagen bagi meruncingkan dagu, Sarina Shafie, 38, dan Baharun Baharun Baharudin atau lebih dikenali sebagai Embun, 37, pernah disindir wajah mereka kelihatan menyerupai Firaun, hantu dagu, dagu panjang, dagu terpisah muka dan nenek sihir, lapor Harian Metro.
Tidak tahan dengan ajukan itu, Sarina dan Embun balasannya mengambil keputusan untuk membuang kolagen bagi mengembalikan dagu mereka kepada bentuk asal.
Menurut Sarina, beliau mengambil suntikan kolagen ketika berumur 25 tahun kerana mahu kelihatan anggun dan mempunyai wajah menyerupai selebriti.
"Lagipun saya tidak mahu ketinggalan dengan isu terkini suntikan yang popular pada masa itu," katanya.
Malangnya, masalah mula timbul apabila Sarina berusia 35 tahun di mana ramai yang menegur mengapa dagunya kelihatan pelik.
"Ramai yang tegur kenapa dagu panjang, kenapa dagu pelik, kenapa dagu terpisah dari muka, kenapa muka dulu cantik, kenapa muka jadi macam ini dan jutaan lagi duduk masalah yang menyebarkan saya mula risau kerana saya sendiri tidak perasan dengan perubahan wajah saya.
"Menjadikan saya lebih tertekan selaku pemilik produk kosmetik, saya selalu mengajar make up secara siaran eksklusif di media sosial, namun terganggu apabila ada komen yang menghina dan mengutuk saya secara terbuka.
"Malu dan murung sangat dan lebih membimbangkan dagu berkembang menjadi panjang dan sakit di sesetengah bahagian.
"Akhirnya saya memberanikan diri untuk pergi ke klinik dan doktor menyarankan saya membuang kolagen itu kerana terdapat banyak implikasi antara fibrosis dan kanser," katanya yang merupakan pemilik produk Syok Cosmetics itu.
Menurut Sarina, kos suntikan untuk menciptakan dagunya hanya RM300 sahaja. Tetapi membuangnya menelan kos hampir 40 kali ganda iaitu RM12,000 termasuk ubat dan rawatan susulan.
"Azabnya jangan cakaplah. Hanya Allah saja yang tahu. Rasa nak mati pun ada," katanya,
Sarina menjalani pembedahan membuang kolagen itu beberapa bulan yang lalu, berlangsung selama empat jam. Sarina juga mendapatkan lebih kurang 20 suntikan ubat tahan sakit yang dicucuk di sekitar lisan dan dagu.
Doktor juga menebuk satu lubang di bawa dagu untuk dimasukkan besi dan dibiarkan panas selama 20 minit bagi mencairkan kolagen sebelum disedut keluar.
"Memang ngeri bila diingatkan kembali ketika pembedahan dilakuakan. Selepas itu, muka saya bisul teruk dan dihentikan makan selama hampir dua ahad dan sembuh enam bulan kemudian," katanya.
Serik dengan pengalaman yang dilaluinya, Sarina menyarankan kepada mana-mana perempuan yang ingin melaksanakan suntikan wajah mendapatkan pesan yang tersirat daripada doktor dan pakar kecantikan yang bertauliah kalau memang terpaksa melakukannya.
Sementara itu, Embun juga membuang kolagen yang disuntik di bahagian dagunya pada Mei kemudian kerana ia kelihatan semakin pelik.
"Saya menciptakan dagu itu kerana dulu tubuh saya berisi dan muka saya menyerupai tidak mempunyai dagu. Bagaimanapun selepas mengamalkan diet sehingga berjaya menurunkan berat badan, saya mendapati dagu saya semakin panjang.
"Reaksi orang ramai melihat saya, sentiasa dengan pandangan aneh. Kenapau dagu kamu panjang dan senget serta pelbagai gelaran menghina yang saya terima, cukup memalukan," katanya.
Embun terpaksa menciptakan dua kali pembedahan di negara jiran namun hasilnya tetap sama sehinggalah beliau bertemu dengan pakar tempatan yang berjaya membuang materi berkenaan.
"Saya gelarkan kolagen ini sebagai saka kerana dua kali bedah pun masih tak nak keluar sepenuh. Hampir RM10,000 duit saya melayang," katanya yang turut berharap pengalaman buruknya itu dijadikan iktibar kepada mereka di luar sana.
Sumber: The Reporter
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