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.
Di sebuah kampung di JB ada seorang nenek berjulukan Nekmah. Orang-orang di kampung itu niscaya geleng-geleng kepala setiap kali mendengar nama Nekmah disebut. Bagaimana tidak, Nekmah yang sudah berusia 63 tahun masih membanting tulang sebagai pengutip tin meskipun kedua anaknya sudah menjadi orang yang berjaya.
Setelah suaminya meninggal, Nekmah mati-matian bekerja demi membesarkan kedua anaknya, namun sekarang, mereka menyerupai lupa kacang akan kulitnya.
Nekmah tak ambil pusing dengan orang-orang desa yang mencemoohnya dari belakang, namun jikalau Nekmah mendengar langsung, ia akan eksklusif naik darah dan memarahi orang yang mengatai anaknya tidak berbakti dengan membabi buta!
Hari itu, menyerupai biasa Nekmah sedang memungut sampah di desa. Sebuah kepingan botol menusuk tangan Nekmah sampai darah segar terus mengalir.
Tetangga yang sengaja melihat hal itu, segera menghampiri dan menolong Nekmah. Sambil membalut tangan Nekmah, tetangga itu pun berkata dengan prihatin,”Aduh ibu Nekmah, kedua anak ibu kan sudah kaya raya, kok mampu membiarkan ibu jadi pengutip tin? Udah tak pulang, tak pernah kirimkan wang juga lagi! Sungguh anak tak berbakti!”
“Tutup mulutmu! Anakku sangat berbakti, jangan bicara sembarangan kau yah!” teriak Nekmah dengan muka merah padam.
“Ibu Nekmah, sudah tidak perlu bohong dan menutup-nutupi… Tiga tahun kemudian saya lihat anak ibu yang paling besar pernah tiba ke rumah dengan membawa kereta mewah. Tapi ia hanya bangun di depan pintu rumah selama beberapa minit, kemudian pergi begitu saja. Kenapa cuba..?” balas sang tetangga.
“Ia… Ia sedang ada urusan penting, jadi buru-buru.” Jawab Nekmah terbata-bata. “Masa masuk sebentar saja tidak sempat sih bu? Itu tandanya ia tiba cuma untuk pamer bahwa ia sudah berjaya saja! Dasar keterlaluan!” ujar sang tetangga.
Mendengar ucapan tersebut, Nekmah murka besar,”Pergi kamu! Aku tidak perlukan bantuanmu! Kalian orang-orang desa memang tidak suka melihat kedua anakku berjaya! Setiap hari kerjaan kalian hanya mengata-ngatai mereka tidak berbakti. Anakku berbakti atau tidak, saya yang paling tahu!!”
Terkejut marahi menyerupai itu, tetangga Nekmah pun pergi meninggalkannya sambil geleng-geleng kepala. Tinggallah Nekmah seorang diri berlinang air mata.
Nekmah tahu apa yang ia alami kini yakni eksekusi alam atas perbuatannya ketika muda. Dari kedua anak Nekmah, anak pertama yakni anak kandungnya, sedangkan anak keduanya yakni anak angkat.
Nekmah lebih jauh lebih mengasihi anak angkatnya dibandingkan anak kandungnya sendiri. Ia selalu menawarkan yang terbaik untuk anak angkatnya, bahkan di ketika mereka tak punya wang, Nekmah tetap bersikeras menyekolahkan anak angkatnya.
Nekmah melaksanakan hal tersebut bukan tanpa sebab. Ayah anak angkat Nekmah mengorbankan nyawa demi menyelamatkan suami Nekmah ketika sedang bekerja, sedangkan ibunya kemudian pergi tanpa jejak. Suami Nekmah tak usang kemudian juga mati akhir terlalu lelah dan sakit-sakitan.
Nekmah pikir ank kandungnya boleh mengerti bahwa ia lebih mendahulukan dan mengasihi anak keduanya kerana berhutang budi. Nekmah tak menyangka bahwa hal tersebut menoreh luka yang mendalam sampai menjadikan kebencian dalam hati anak kandungnya.
Setelah lulus kuliah, anak angkat Nekmah menikah dengan seorang anak konglomerat. Sejak menikah, anak angkat Nekmah tak pernah lagi pulang ke rumah. Mungkin anak angkat Nekmah masih menyalahkan keluarga Nekmah atas maut ayahnya dan kepergian ibunya.
Anak kandung Nekmah pun memutuskan untuk pergi dari rumah dengan alasan ingin mengadu nasip di kota. Tak disangka, tiga belas tahun kemudian ia karenanya berjaya menjadi orang sukses dan kaya raya.
Sebenarnya, semenjak 8 tahun kemudian Nekmah terus mendapatkan sepucuk surat yang isinya cukup tebal di setiap awal bulan. Tidak ada nama atau alamat apapun di surat tersebut, namun naluri ibu Nekmah menyampaikan bahwa surat itu berisi wang dari anak kandungnya.
Kendanti demikian, Nekmah tak sekalipun membukanya. Ia merasa tak pantas mendapatkan wang itu, apalagi dengan keadaan belum berdamai dengan anaknya.
Hari itu seseorang mengetuk pintu rumah Nekmah. Saat pintu dibuka, Nekmah melihat seorang anak kecil bangun di depannya dan berkata,”Nenek, papa bilang ia ingin pulang, apakah nenek mau mengjinkannya masuk ke rumah?”
Belum sempat bertanya siapa papanya, Nekmah melihat badan seorang lelaki yang ia kenal mendekat bersama dengan perempuan yang yakni istrinya.
Jantung Nekmah seakan berhenti berdetak, itu yakni anak kandungnya! “Ibu… maafkan aku, saya dulu terlalu egois dan terus memendam kebencian. Kini sehabis menjadi ayah, saya gres mengerti, bagaimana perasaan ibu waktu itu. Mana ada orang renta yang tidak sayang kepada anaknya sendiri… “ujar sang anak sambil meneteskan air mata.
Nekmah tak berkata apapun, ia hanya membalas dengan pelukan dan berlinang air mata. Akhirnya sehabis sekian lama, ia boleh kembali mendengar sang anak kembali memanggilnya “ibu”.
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