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.
Masih kecil anak, ibu bapa yaitu kawasan bergantung sepenuhnya. Dijaga dan dibantunya semampu mereka bersama impian apabila anak sudah cukup umur sanggup membantu dan menjaga mereka pula. Tapi lain pula jadinya.
Apabila sudah memiliki kerjaya sendiri, anak ini lupa untuk menghulurkan sedikit kepada ibu bapa mereka. Malah bergembira sehingga kehabisan gaji. Mulalah meminta kepada ibu bapa mereka kerana tidak cukup duit. Mana ada ibu bapa yang sanggup melihat anak mereka dalam kesusahan. Tapi janganlah si anak mengambil kesempatan.
Berikutan tajuk akhbar KOSMO sabtu lalu, sememangnya sangat mengejutkan tapi itulah yang terjadi dipersekitaran masyarakat kita hari ini. Tajuk akhabr itu menerima perhatian seorang pelabur hartanah iaitu Harith Faisal untuk berkongsi pandangannya mengenai anak muda dalam masyarakat kini.
IBU BAPA TANGGUNG ANAK SAMPAI MATI
1. Mak aih!! Terkejut beruk saya bila baca tajuk info kat muka depan suratkhabar KOSMO hari ni. Betul orang kata, kini ni memang ramai mak bapak yang melahirkan tuan.
2. Teringat saya dulu-dulu masa umur saya dalam 21 tahun. Masa tu saya tengah study degree tahun dua kat UKM, saya dah mula buat macam-macam side income.
3. Sejak tahun tu jugalah, saya dah mula tak minta dan tak terima duit mak bapak saya. Sebabnya, saya dah boleh cari duit sendiri dan saya aib nak ambil duit dorang.
4. Sebelum tu bila balik kampung je, mesti ia orang bagi duit belanja. Tapi lepas saya aktif cari side income tu, saya pula yang bagi duit belanja kat ia orang. Tak banyak, tapi ada.
DUNIA DAH TERBALIK
5. Jadi, bila terbaca info kat KOSMO tu saya jadi duka dan hiba. Anak-anak patutnya ringankan beban mak bapak bila dah mula bekerja. Tapi kini dah terbalik pulak.
6. Anak muda kini ni tak segan nak minta duit mak bapak walau dah mula bekerja. Alasannya, duit tak cukup duduk KL. Padahal hujung ahad bersuka ria, tak ingat dunia.
7. Bila rasa sesak, mula hubungi mak bapak dan minta duit perhiasan padahal hidupnya bermewah-mewah. Gaji gres RM2,000 pun menggelupur nak beli Myvi 2018 tu.
8. Iyalah, Myvi gres tu kan cun habis. Ala-ala kacukan VW Golf dengan Honda Jazz, kan. Mulalah anak muda bergetar tulang rusuk. Deposit tak ada, minta kat mak bapak juga.
9. Lagi, kat FB upload gambar bercuti sini sana. Nasib baik mak bapak kamu tak layan FB. Kalau tak, mesti dorang duka tengok kamu guna duit dorang pegi enjoy dengan kawan.
KAHWIN PAKAI DUIT MAK BAPAK
10. Kalau episode kahwin pula, saya rasa pengantin laki dan wanita sendiri, jikalau boleh memang nak jimat habis. Janji sah nikah, buat makan ringkas-ringkas dah cukup.
11. Yang biasa nak majlis grand ni mak bapaknya. Tak nak kalah dengan sedara mara dan jiran tetangga. Orang buat 7 khemas, ia nak buat 9 khemah.
12. Orang jemput 1,000 orang, ia nak jemput 1,500 orang. Kalau memang mak bapak yang sponsor pakai duit sendiri, suka hatilah. Duit sendiri, kan. Tak kisahlah.
13. Masalahnya, bila majlis grand-grand, semua pakai duit hantaran yang pihak lelaki bagi. Apalah salahnya duit hantaran tu bagi kat anak untuk ia orang mulakan hidup bersama.
MAK BAPAK KAYA
14. Kalau dah memang mak bapak ia kaya, lantaklah kan. Duit ia orang sendiri. Tapi bawah umur pun kena berguru sanggup bangkit diatas kaki sendiri dan perlu juga diberi ilmu untuk uruskan kewangan.
15. Kekayaan boleh diwarisi, tapi ilmu untuk uruskan kekayaan tu takkan nak diabaikan. Takut nanti, kaya tu awet generasi kedua saja. Masuk generasi ketiga, lesap semua.
BANK SEGERA
16. Secara realiti, mak bapak kat Malaysia kini ini dah jadi macam bank segera atau pembiaya kewangan "confirm lulus" pula kepada bawah umur yang sudah dewasa.
17. Kalau tak cukup duit, anak muda dah tak risau alasannya yaitu ia orang tahu ada mak bapak yang akan tolong. Kalau mak bapak bagi sendiri, tak apa. Tapi, jikalau kamu yang minta, tolong malu.
TAK CUKUP DUIT
18. Dah tahu tak cukup duit setiap bulan, hiduplah bawah kemampuan. Kalau honor RM3,000 tu, hiduplah macam orang honor RM2,000. Lebih RM1,000 simpan terus.
19. Semua orang tau, dana kecemasan sangat penting. Dah tau tu, buatlah dana kecemasan 3 sampai 6 bulan gaji. Kalau honor RM3,000, buat simpanan RM9,000 sampai RM18,000.
20. Bila dah ada dana kecemasan, harap-harap, takdalah lagi obrolan kesian, "Ayah, nak pinjam RM2,000 boleh? Kereta rosaklah. Nanti bila ada duit, Ucu pulangkan ya."
21. Mentang-mentanglah ia tahu Ayah ia gres sanggup duit KWSP lepas pencen hari tu. Kesian kat Ayah dia, asyik kena paw je dengan anak. Tak nak bagi, kesian. Bagi, duit habis.
22. Jadi, alasannya yaitu tu jikalau boleh, bawah umur elakkan minta duit kat mak bapak. Kalau dah kamu orang minta, memang ia orang akan bagi. Jadi, janganlah ambil kesempatan macam tu.
23. Di usia emas ia orang, jangan ia orang dibebani dengan problem kewangan anak-anak. Pada usia itu, ia orang perlu berehat. Cukuplah berpuluh tahun ia orang berkorban.
24. Jangan pula kerana kita, ia orang paksa diri bekerja dan membanting tulang untuk menyara bawah umur cukup umur yang perasan macam anak kecil yang merengek-rengek mahukan duit belanja dan dibelikan mainan itu dan ini.
25. Insaflah anak muda Malaysia! - HF
Sumber: Harith Faisal via Siakapkeli
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