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.
Gambar sekadar hiasan
Tan Sri Syed Mokhtar Al Bukhary merupakan salah seorang Melayu terkaya di Malaysia. Dia seorang yang misteri dan jarang sekali keluar dalam media. Beberapa tahun dahulu, seorang wartawan, Tuan Ku Seman berjaya temuramah dia dan terkejut jikalau tau cerita SPM nya.. Allahu. Jom baca dan kongsikan.
DAPAT TEMURAMAH PUKUL 11 MALAM
Pada tahun 2007 aku mewakili Mingguan Malaysia menciptakan wawancara langsung dengan Tan Sri Syed Mokhtar Al Bukhary selama dua jam setengah bermula pukul 11 malam di Muzium Kesenian Islam. Saya menciptakan wawancara itu bersama wartawan saya, Amran Ahmad .
Sebelum itu Syed Mokhtar juga memberi peluang kepada dua Wartawan Eksekutif Mingguan Malaysia, Noor Azam Shairi ( sekarang Pengarang di Malaysian Insight) dan Siti Mariam Mat Zain mewawancara beliau. Setahu aku Syed Mokhtar menolak untuk diwawancara oleh media lain dan tidak pernah memperlihatkan kenyataan kepada wartawan.
Saya tidak tahu apakah yang mengembangkan dia terbuka hati untuk memperlihatkan keizinan kepada Mingguan Malaysia mewawancaranya sebanyak dua kali. Tetapi yang niscaya Syed Mokhtar lebih bahagia berkerja daripada bercakap dan mencari publisiti di media.
SIFAT SANGAT RENDAH DIRI
Beliau seorang yang sangat ringkas, mesra dan paling ketara ialah perilaku merendah diri yang tinggi. Syed Mokhtar tidak nampak di mana perlunya seorang insan yang diberikan rezeki oleh Tuhan boleh membanggakan diri. Ini kerana pada pegangan Syed Mokhtar, dia hanya menyalurkan kekayaan yang Tuhan anugerahkan kepada golongan yang memerlukan.
Sehari sebelum wawancara pegawai dia memberitahu, Syed Mokhtar dihentikan memperlihatkan masa dan tempat, tetapi bila-bila masa dia ada masa senggang. Dua jam sebelum wawancara aku diminta tiba ke Muzium Kesenian Islam pukul 11 malam.
PENAMPILAN YANG SANGAT SEMPOI
Malam itu Syed Mokhtar hanya baju T berkolar berwarna putih, seluar kelabu dan menggunakan sandal. Apabila aku memperkenalkan Ketua Jurugambar saat itu, Syed Agil Syed Jaafar kepadanya, dia berseloroh, ” Awat tak habaq ada nak ambik gambaq. Kalau dihentikan pakai manis sikit.”
Saya berkata, “Tak apa. Gambaq bilionaire pakai manis dah biasa. Gambar pakai baju T dengan selipa ni yang unik.” Ketika itu dia berusia 56 tahun dan wajah kearaban sangat ketara. Loghat Kedah sangat pekat dan kebetulan malam itu semuanya orang utara, termasuk Pengerusi Pelabuhan Tanjung Pelepas Datuk Sidik Osman yang turut berada di situ. Pelabuhan Tanjung Pelepas yakni milik Syed Mokhtar.
KEKAYAAN HANYA DIKETAHUI RAMAI MELALUI LAPORAN FORBES
Syed Mokhtar tidak pernah memperagakan kekayaannya menyerupai sesetengah “orang kaya Melayu” yang lain hingga kemewahan di bilik tidur pun semua didedahkan kepada media. Kereta dan rumah jangan cakaplah, macam sudah menjadi prasyarat “orang kaya Melayu” dedahkan kekayaan mereka.
Kekayaan Syed Mokhtar diketahui umum apabila didedahkan oleh majalah antarabangsa, Forbes. Tetapi umum sanggup menjangka kekayaan dia apabila memiliki banyak syarikat dan meneroka pelbagai bidang perniagaan.
TAKDE KEPUTUSAN SPM SEBAB TAK MAMPU AMBIL PERIKSA
Anak seorang penjual daging di Alor Setar ini bahu-membahu tidak sempat mengambil peperiksaan Sijil Pelajaran Malaysia (SPM) kerana keluarga tidak berkemampuan.Beliau membantu ayahnya sebelum menceburi perniagaan beras.
Kata Syed Mokhtar, lori pertama yang dibelinya untuk berniaga beras masih menjadi miliknya. Itu satu kenangan berharga sebelum menjadi orang Melayu terkaya di negara ini. Bagaimanapun dia tidak gemar bercakap perihal kekayaan yang dimiliki tetapi banyak memperkatakan bagaimana kekayaan itu dimanfaatkan oleh golongan yang kurang kemampuan.
KAYA DENGAN BANTU MISKIN
Kesimpulan daripada wawancara panjang itu ialah Syed Mokhtar mengamalkan konsep kekayaan yakni satu proses untuk membantu golongan yang memerlukan.
Beliau berpendapat, kekayaan yang diperoleh dengan izin Tuhan mahu dikongsikan dengan pihak yang memerlukan. Misalnya dia menubuhkan Yayasan Al Bukhary yang mengeluarkan biasiswa dan menaja beribu pelajar miskin melanjutkan pelajaran di universiti tempatan dan luar negara.
Tidak cukup itu yayasan ini juga membiayai orang miskin mengerjakan haji pada setiap tahun. Syed Mokhtar beropini zakat yang dikeluarkan setiap tahun tidak memadai berbanding rezeki yang Tuhan berikan kepadanya. Oleh kerana itu dia menubuhkan Yayasan Al Bukhary untuk membantu golongan yang miskin.
Misalnya pada suatu hari jawatankuasa surau Jalan Hang Tuah Kuala Lumpur menghantar surat memohon pinjaman untuk membaikpulih surau berkenaan. Apabila Syed Mokhtar menerima tahu permohonan itu, dia bertanya kenapa tidak didirikan masjid? Kemudian Syed Mokhtar sedekahkan sebuah masjid di Jalan Hang Tuah dan berdirilah Masjid Al Bukhary menggantikan sebuah surau lama dan uzur sebelum ini.
KATA LAGENDA SYED MOKHTAR
Kata-kata Syed Mokhtar yang masih aku ingat, “Apalah sangat hendak dibanggakan dengan kekayaan. Rumah besar macam singahsana pun pada satu-satu masa kita tidur satu bilik sahaja. Kereta banyak nak buat apa, satu masa kita pandu satu kereta dan makan hanya hingga kenyang sahaja.” Sebab itu orang tidak tahu apa jenis kereta, rumah dan cara hidup Syed Mokhtar menyerupai sesetengah orang kaya lain.
Saya sangat oke dengan Syed Mokhtar bahawa kekayaan bukan untuk diperagakan atau disalurkan kepada acara yang tidak ada kaitan membantu golongan miskin. Kaya lawannya miskin, maka apabila dianugerahkan kekayaan, itu yakni hak golongan yang miskin.
Saya berbangga ada orang Melayu kaya yang memiliki pemikiran dan keinsafan menyerupai Syed Mokhtar. Sebaliknya aku bukan sahaja tidak berbangga malah rasa diperbodohkan apabila ada orang kaya yang memperagakan kekayaan yang semuanya untuk dirinya. KONGSIKAN.
Sumber: Sumber: Ku Seman via Syahril Kadir, khalifahmailonline.com
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