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.
Tenat. Itulah citra mengenai etika dan nilai moral dewasa masa kini. Apa yang lebih membimbangkan yakni mereka terlalu terikut-ikut dengan budaya barat terutamanya dalam hubungan cinta sehingga berani melaksanakan seks bebas dan melahirkan anak luar nikah!
Lebih menyedihkan, selepas bayi yang menjadi buah cinta kepada hubungan tersebut dilahirkan, mereka menentukan untuk membuangnya ke tepi jalan ataupun menjualnya kepada sesiapa yang menginginkan dengan harga yang agak lumayan. Sampai hati!
Menerusi perkongsian penggagas sosial, Syed Azmi di laman Facebook, beliau telah mendapat laporan daripada beberapa pihak yang terlihat sebuah iklan di laman jual beli Mudah.my mengenai penjualan bayi kembar dengan harga sebanyak RM15,000.
Susulan daripada laporan tersebut, Syed Azmi telah menghubungi pihak Mudah.my yang seterusnya mengambil tindakan pantas untuk menurunkan iklan tersebut daripada laman web mereka.
Tidak cukup dengan itu, beliau juga telah berhubung dengan pegawai polis di Bukit Aman dan Jabatan Kebajikan Masyarakat (JKM) dengan tujuan untuk mendapat santunan terhadap bayi-bayi tersebut.
“Saya juga hubungi ibu kepada gadis yang melahirkan kembar tersebut. Dia telah melihat iklan itu dan terkejut (dengan tindakan anaknya). Saya cuma berharap kami masih tidak terlambat. Kami kemudian buat perancangan,” katanya.
Menurut Syed Azmi, gadis itu gres berusia 20 tahun. Manakala teman lelakinya pula berusia 17 tahun. Mereka tidak bernikah walaupun ada beberapa pihak yang memaksa pasangan kekasih itu untuk bernikah sebaik si lelaki berusia 18 tahun supaya lebih gampang untuk mereka menjaga bayi kembar tersebut bersama-sama.
Pun begitu, syukurlah mereka tidak bernikah, berdasarkan Syed Azmi. Pasangan tersebut tidak cerdik menjaga belum dewasa mereka dan hanya ingin hidup bebas tanpa sebarang ikatan. Mereka juga ada menyuruh tiga keluarga lain menjaga belum dewasa tersebut, namun semuanya tidak mampu kerana bayi kembar itu kerap menangis.
Akhirnya, mereka telah menentukan jalan gampang iaitu dengan cuba menjual bayi-bayi tersebut dengan harga RM15,000 di Mudah.my. Praktis sangat kan?
“Budak lelaki itu cabut. Keluarga budak lelaki tu pula minta keluarga wanita tersebut serahkan bayi kepada hebat keluarga lain dan mereka tidak patut berkahwin.”
Syed Azmi telah merancang pertemuan dengan gadis tersebut bersama ibunya dan bayi kembar yang malang itu di rumah mereka pada jam 9.40 malam. Hadir bersamanya yakni Pegawai Pelindung Kanak-Kanak dan Pegawai Akhlak daripada Jabatan Kebajikan Masyarakat Wilayah Persekutuan Kuala Lumpur (JKMWPKL).
“Keluarga gadis ini datangnya daripada golongan berpendapatan rendah yang rajin bekerja dan memiliki hubungan kekeluargaan yang rapat antara satu sama lain. Kedatangan kumpulan saya dan JKM amat memeranjatkan gadis tersebut.
“Kami cuba menjelaskan kepadanya apakah kesalahan yang telah beliau lakukan dan bertanya apakah rancangannya selepas ini. Pada dikala itulah beliau menjawab,
Susahlah nak jaga. Mak kata ada orang nak tapi takkan nak pakai bagi free freeje, bagitahulah berapa beliau nak kasi,”katanya selamba.
Ya Allah takkan tak ada rasa sayang pada bayi-bayi tu??
Syed Azmi sekali lagi menjelaskan bahawa tindakannya salah. Malah beliau juga sempat bertanya bagaimana dewasa itu tetapkan untuk meletakkan harga sebanyak itu kepada bayi-bayinya. Dia menjawab tanpa rasa bersalah,
“Main tekan-tekan kat handphone je.”
“Awak bagitahu saya, berapa harga awak?” tanya Syed Azmi kembali. Gadis itu melongo mendengarnya.
Meskipun telah dijelaskan berkali-kali mengenai kesalahannya untuk menjual bayi-bayi tersebut, gadis itu tetap tidak mengerti. Dia mahu menunjukkan anaknya kepada orang lain tetapi pada masa yang sama beliau juga mahukan imbalan daripada ‘pertukaran’ tersebut. Aduhai!
Buat masa ini, ibu muda berkenaan telah diberikan tiga pilihan. Iaitu sama ada menunjukkan anaknya kepada keluarga angkat, serahkan kepada JKM atau hantar ke OrphanCARE. Pun begitu, bayi-bayi itu sekarang telah diambil oleh pihak Syed Azmi untuk dijaga di rumah yang lebih selamat untuk mengelakkan kasus sebegini daripada berulang lagi.
Marilah kita doakan biar ibu bayi tersebut sedar akan kesalahannya dan menyesal dengan tindakan melulu itu. Semoga bayi kembar itu juga memiliki masa depan yang cerah dan dijaga oleh keluarga yang menyayanginya.
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