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.
Nama Aku Nani. Haritu ada viral pasal video yang solat dengan hantu tu kan? Jin islam nama dia. Yaa kes saya lebih kurang macam tu, cuma beliau tak berimamkan aku, beliau sebelah aku. Kalau ada kesilapan teknikal maaf naa, saya bagitau apa yg saya nampak ja. 7hb Feb, kami 7 orang (Aku, CM, Kak Pino, Nuoi, Leha, Naima, Mumu) pegi rumah anak usrah saya yang gres kehilangan bonda tercinta *Al-Fatihah*. Kami nak pegi bagi semangat dan nak melawat sekali. Mungkin lantaran kami seronok sangat kot, saya pun tak berapa sedap hati waktu p sana, mungkin lantaran kami gerak lewat.
Cuba husnudzhon disini. Okay skip, kami plan nak solat kat surau kg tu, tapi kami nak berwudhuk sesiap kat rumah abang anak usrah saya ni memandangkan wudhuk wanita kat surau tu agak terbukak. So 8 orang kami termasuk anak usrah saya ni berjemaah tunggu turn wudhuk. First CM, then aku, lepastu entah lantaran ramai sangat tak nyempat nak cek sorang sorang. Oleh kerana dah malas nak p surau, kami solat teruslah kat rumah abang anak usrah saya ni.
CM solat dalam bilik, anak usrah saya ni bentang 3 sejadah erat ruang tamu. Aku solat kat sejadah pertama, sejadah kedua kosong, sejadah ketiga Naima solat. Yes saya dengan Naima solat sekali, then anak usrah saya ni masuk sejadah kedua, sebelah saya lah. Dan saya tau Naima dah habis solat dah, Leha pulak masuk. Depa masuk bukan cepat tapi lambat, yelar nak ambik wudhuk lah nak menyembang lah bukan bahagia kan. Anak usrah saya ni pun dah habis, saya perasan ada orang masuk dan saya expect tu Kak Pino lantaran beliau rendah pada aku. Aku habis bagi salam, *yee saya solat lambat*, saya terus dongak tengok Kak Pino & yes MEMANG MUKA KAK PINO WITHOUT SPEC
Tapi saya perasan, muka Kak Pino nampak lain. Nampak macam takda nur, macam tak bercahaya gitu. Bawah mata nampak lebam, tepi bibir pun lebam. Kak Pino baca pun tak dengar bunyi padahal selalu saya solat dengan Kak Pino, akan dengar bunyi beliau sikit sikit. Kak Pino tak gelap, beliau sawo matang, tapi ni memang nampak sangat muka takda cahaya. Aku pun husnudzhon lagi, mungkin lantaran dah cuci muka, takdak bedak so nampak kusam kot.
Kahkahkahkah!! Nuoi tengah tunggu saya keluar dari sejadah so saya bangkit & pusing belakang, Nuoi masuk sejadah 1. Aku pun pergi ambik tudung & barang mekap terus duduk membelakangkan depa, so saya tatau dah sapa yg pergi solat lepastu. For sure saya tak nampak Kak Pino yang real langsung. Dah habis bermekap dgn CM, saya pun bangkit g dapur & waktu tu mungkin Kak Pino kat depan dah, saya perasan beliau ada atas kerusi.
And me bla bla bla bla meronggeng pakai tudung & nampak Kak Pino betulkan tudung dia, so saya ingat beliau dah habis mekap
For sure kat sejadah saya time tu Nuoi, sejadah 2 Mumu. Bila saya kira balik 8 orang kami, memang ngam semua kami solat, termasuk “Kak Pino Pelesu”. Lepastu semua siap & kami p lepak belakang, dan bla bla bla pukul 8 keluar dari rumah sahabat saya ni. Waktu anak usrah saya hantar kami hingga simpang pun entah lah saya rasa tak sedap hati lagi, rasa sunyi jalan tu walaupun ada 2 3 kenderaan lalu. Aku plan nak bawa depa ronda pekan AS, tapi hati ni rasa nak balik terus, rasa macam jauh perjalanan. Tapi lantaran anak anak lain tiba dari jauh, saya bawa juga pergi 1 masjid tersohor kat AS ni.
Time ni kami keluar dari rumah anak usrah aku, saya nampak macam 1 sosok panjat tepi kereta, warna kulit macam kita tapi nampak macam ala ala Smeagol dalam moral Lord Of The Rings tu tapi MUNGKIN LAMPU KOT. Husnudzhon lagi! Sampai masjid tu, memang rasa suram dan menakutkan walaupun masjid tu famous sangat. Park pulak depan kubur, lagi suram ku rasakan cia cia cia !! Kami terus ke daerah wudhuk & waktu tu Kak Pino memang tak wudhuk pun, just tunggu toilet. Aku pun macam geram sikit lantaran dah lewat tapi Kak Pino still makan angin. So saya pun tegur dengan hemahnya!
“Kak Pino tak amek wudhuk lagi?”
“Eh akak tak boleh solat lah”
“Ouh akak gres mai eyh?”
“Dah 2 3 hari dah aih akak tak boleh solat”
Me was like *Halilintar membelah kepala serta jasadku ini!!* Dan waktu tu berjuta juta soalan saya hembus Kak Pino kahkahkah! Aku siap cakap “ADIK NAMPAK AKAK SEMAYANG SEBELAH ADIK KOT!!!”, Kak Pino memang blur terus, saya lagi lah blur hingga sakit kepala waktu tu. Then naik atas kepala memang berdenyut denyut sangat, memang tak focus solat, CM jadi mangsa dihentam dengan kenyataan saya huhuhu.
Habes solat tinggal kami ja, lampu semua pakcik jemaah tu tutup kecuali 2 lampu besar kat tiang atas, memang gelap dah area kami bertemankan 1 kipas. Aku pun mekap sikit, yang lain tengah rileks sambil menyembang apa entah, tiba tiba time ni CM mai kat saya & kata “Weyh pah, saya nampak wanita pakai telekung kemudian slow ja nak p semayang, saya ingat geng kita lantaran seTaw saya kita 2 last, saya kalih tengok takdak sapa!” Aku pun terus keloii anak anak semua lantaran depa dah siap tapi dok nganga nyembang dalam gelap lagi.
Haihhh depa ni. Naima dah mcm peluru turun bawah, saya pun pelik tengok beliau laju semacam ja. Tengah on the way go to carpark, saya tanya Mumu. “Mumu, benda ni memang ada juga kat masjid?”, beliau senyum & beliau kata “Benda ni tak kira daerah ibu, ada ja dia”. Tapi time balik alhamdulillah bagus ja, takdak apa kot. Nak kata kereta berat memang patut lantaran 7 orang, tubuh pun sodap sodap HAHAHAHAHA!
Cuma nak kata mungkin saya salah tengok, mungkin. Tapi sungguh saya yakin saya nampak Kak Pino bila dak memang saya takkan macam absurd dok soal Kak Pino macam2 !! Tanjat woiii tapi tak menakutkan mana lantaran ramai. Apa pun biarlah, beliau nak solat ja bukan kacau aku. Aku makhluk Allah, beliau pun sama.
Okay again, saya minta maaf bila salah. Apa saya nampak saya cerita, bukan reka cerita. Bukan sekali ni saya rasa “orang lain” solat dengan aku, banyak kali dah. Selalunya kat masjid. Pernah saya solat kat masjid area SP, dah nak erat tahiyat akhir, saya nampak kain putih melayang belakang saya p arah kiri, dupdap mak nok oiii, habis solat terus tengok belah kiri, haaaa kuboooo kau!!
Pernah jugak solat masjid area sini, memang dah selalu solat sorang kat masjid tu, so kerap nampak bayang hitam jalan kat belakang, then bila sujud rasa macam ramai ikut sujud huhuhu. Selagi beliau tak usik, saya tak kisah. Okay tu saja, terima kasih sudi layan kisah saya hehehehehe. Lepasni bila solat, make sure mitra kawan yg boleh solat tu supaya takdak insan pelesu lagi. Kohkohkoh. Akhir kalam, maafkan tuan puteri.
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