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.
KUALA LUMPUR: Kes ‘haruan makan anak’ bukan lagi sesuatu yang mengejutkan dalam masyarakat hari ini, tetapi kejadian ayah bercinta dengan anak sendiri mungkin sukar diterima. Bagaimanapun itulah yang berlaku ke atas Lina, 21, yang dijadikan kekasih oleh ayahnya semenjak empat tahun kemudian sehingga beliau kini hamil enam bulan.
“SAYA anak tunggal. Ayah dan ibu berpisah saat saya berusia lima tahun dan semenjak itu saya tidak pernah berjumpa ibu. Menurut nenek, ibu berlaku curang, mengakibatkan hak penjagaan saya diserahkan kepada ayah.
Saya juga diberitahu, ibu berkahwin lain dan ada keluarga sendiri. Bagaimanapun, ayah tidak pernah berkahwin lagi. Berikutan ayah sibuk dengan perniagaannya, saya dipelihara nenek di kampung manakala ayah tinggal di Kuala Lumpur. Seingat saya semenjak kecil, ayah sering bertukar pasangan tetapi tidak pernah berkahwin lagi. Hubungan ayah dengan semua kekasihnya juga tidak lama, antara dua sampai tiga bulan saja.
Ayah pernah membawa pulang beberapa kekasihnya untuk diperkenalkan kepada saya dan nenek, tetapi saya tidak sempat rapat dengan mereka. Ini kerana saat mula hendak rapat dengan mana-mana ‘auntie’ (kekasih), ayah bertukar pasangan dan memperkenalkan kekasih baru.
Ayah memang banyak kekasih tetapi tidak pernah berkahwin lagi. Mungkin ayah kecewa dengan perkahwinan pertamanya, tetapi saya tidak tahu jawapan sebenar kerana setiap kali bertanya, ayah berdalih kononnya tiada jodoh.
Saya tidak tahu sama ada ayah berdendam dengan ibu sampai mengakibatkan saya sebagai mangsa atau ayah benar-benar cintakan saya. Ini kerana berdasarkan nenek, rupa saya ‘sebiji’ (sama) dengan ibu. Perubahan layanan ayah terhadap saya berlaku saat saya di tingkatan lima. Jika saat kecil ayah hanya melawat saya seminggu sekali, tetapi saat di tingkatan lima, ayah semakin kerap menjenguk saya.
Kadangkala empat lima hari seminggu berikutan rumah nenek hanya 50 kilometer dari Kuala Lumpur. Ayah juga kerap bertanya mengenai hubungan saya dengan lelaki. Dia Meminta saya berterus-terang dan berjanji bersikap terbuka. Yang menghairankan, semua teman lelaki saya ditolaknya kerana ada saja yang tidak kena baginya. Ini mengakibatkan saya marah, tetapi ayah memang ‘pakar psikologi’. Dia cerdik bermain dengan perasaan orang. Mungkin itu kelebihannya sampai ada ramai kekasih.
Dia memperbetulkan fokus saya daripada cukup umur yang ghairah ingin bercinta kepada pelajar yang tekun. Ketika itu saya yakin keputusan ayah kerana beliau inginkan yang terbaik untuk saya kerana saya satu-satu anaknya. Bagaimanapun, saya mula berasa hairan apabila selepas tingkatan lima walaupun memperoleh keputusan cemerlang, ayah tidak mengizinkan saya melanjutkan pelajaran.
Lebih menghairankan, beberapa rombongan meminang saya juga ditolaknya, sebaliknya beliau meminta saya membantunya dalam perniagaan. Bukan sebagai pekerja, sebaliknya saya hanya diminta menemaninya ke majlis tertentu.
Saya seakan-akan menjadi pembantu peribadi tidak rasmi ayah. Apabila beliau menghadiri majlis atau meraikan rakan niaganya, beliau membawa saya.
Ketika itu saya mula berasa layanan berbeza daripada ayah. Pada mulanya saya bosan kerana perlu menemani ayah ke sana sini, tetapi lama-kelaman saya bangga kerana ayah membelikan barangan mahal.
Hubungan kami juga banyak berubah kerana ayah kerap membelai dan memeluk saya. Percakapan ayah juga lain dan romantis. Dia juga kerap memperlihatkan hadiah.
Malah, saya pernah menemui sajak dan puisi ayah yang ditulis di kertas dan surat khabar. Antaranya bertajuk cinta terlarang yang ditujukan kepada saya dalam bahasa puitis. Seperti saya katakan, ayah cerdik bermain psikologi. Mungkin ini jerat ayah. Akhirnya saya menjadi lemah dengan pujukan dan kasih-sayangnya dan ayah yang sepatutnya menjadi pelindung bertukar menjadi kekasih saya.
Daripada hubungan ayah dan anak, kami semakin intim dan bercinta. Ayah melayan saya ibarat kekasihnya dan mungkin kerana ketandusan kasih-sayang semenjak kecil, saya terjerat dan merelakan hubungan ini.
Akhirnya kami terlanjur. Saya tidak ingat berapa kali kerana ia kerap berlaku. Kami hidup ibarat suami isteri dengan saya sering bermalam dirumah ayah di Kuala Lumpur.
Kalau ayah ada urusan kerja di luar daerah, saya ikut dan tinggal bersamanya di hotel. Hasil hubungan kami yang tidak lagi terkawal mengakibatkan saya hamil empat kali.
Bagaimanapun, saya sempat menggugurkan tiga kandungan awal kerana saat itu ayah mengambil berat keadaan saya. Apabila haid saya tidak dating dua bulan, beliau bawa saya berjumpa doktor untuk menggugurkan kandungan.
Beberapa rakan mengesyaki hubungan kami kerana melihat cara ayah memegang saya kadang-kala keterlaluan, tetapi saya memberi alasan saya anak tunggal.
Kuasa Tuhan memilih saat hamil kali keempat, ayah sibuk dengan perniagaan. Dia tiada banyak masa dengan saya. Alih-alih apabila sedar, kandungan berusia enam bulan.
Saya terpaksa mendapat dukungan beberapa rakan baik. Mereka mengesyaki hubungan saya dengan ayah dan saya cuba berdalih dengan lelaki lain, tetapi mereka tahu ia angkara ayah kerana saya tidak pernah ada teman lelaki.
Akhirnya saya mengaku dan berterus-terang, mengakibatkan saya kini disembunyikan. Hampir sebulan saya tidak berjumpa ayah dan saya tidak mahu beliau tahu di mana saya sekarang.
Saya kini ditempatkan di sebuah rumah proteksi dan mendalami ilmu agama sebelum melahirkan anak tidak usang lagi. Saya sungguh menyesal dengan perbuatan saya.
Saya memohon keampunan daripada Allah, tetapi pada masa ini saya tidak mampu bersemuka dengan ayah. Saya belum ada kekuatan kerana perasaan cinta terhadapnya masih kuat.
Saya tahu perasaan ini salah di sisi agama, alasannya itu saya menjauhinya bagi menghimpun kekuatan untuk menghadapi masa depan tanpa ada hubungan terkutuk dengan ayah.Jika ayah membaca artikel ini, saya berharap ayah faham dan saya ingin menjadi anak, bukan kekasih ayah.
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