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.
Seorang bayi lelaki berusia tujuh bulan patah tangan dikala berada dalam jagaan pengasuhnya.
Dalam insiden yang berlaku di rumah pengasuh di Balok Baru, Kuantan, Pahang, mangsa yang dikenali sebagai Nayel, patah tulang tangan kiri dikala diambil ibunya dari rumah pengasuh.
Menurut ibu mangsa, Nayel dihantar ke rumah pengasuh berkenaan pada jam 8.30 pagi dalam keadaan baik, sihat dan cerita.
Ketika menjemput mangsa dari rumah pengasuh kira-kira jam 6.15 petang, pengasuh memaklumkan mangsa merengek kerana mahu tidur. Namun sepanjang perjalanan pulang ke rumah, mangsa merengek menjadikan ibunya mengesyaki ada sesuatu yang tidak kena.
"Saya dapati tangan kiri anak saya berada dalam keadana lemah terkulai. Saya bawa anak saya ke klinik untuk mengenal niscaya puncanya.
 |
Ini waktu pergi klinik. Takkanlah tak perasan? Siap baju panjang tau. Allah, macam manalah Nayel rasa masa tu. |
 |
| Time tengah tunggu doktor pakar |
"Doktor memaklumkan tangan anak saya patah. Ujian sinaran x-ray juga mengesahkan tangannya patah, kemudian anak saya dirujuk ke Hospital Tengku Ampuan Afzan (HTAA)," katanya.
Ekoran insiden itu, pihak hospital menasihatkan ibu mangsa menciptakan laporan polis untuk tindakan lanjut.
 |
| Inilah keadaan X-Ray Nayel, tangan patah. |
 |
| Ini time dah sambung |
Ibu saudara mangsa, Syasya, yang mendedahkan masalah itu di Facebook berkata, ia turut kesal dengan perilaku pengasuh yang tidak bertanggungjawab itu yang tidak memaklumkan kepada ibu mangsa mengenai insiden itu. Malah, mereka dituduh sengaja menganiaya pengasuh terbabit.
"Selama ini saya bersabar saja lantaran fikir abang saya kata, "Allah ada, Yang Mahakuasa balas". Tetapi pagi tadi rasa nak meletup dah, tak boleh tahan dah. Siapa boleh tahan orang buat anak saudara dia?
"Nayel gres berusia tujuh bulan pada masa insiden itu. Tahu apa yang terjadi? Patah tangan oi! Di usia bayi lagi kena hadap sakit patah tangan.
"Macam mana boleh patah? Kakak saya ambil anak dari pengasuh, ia kata Nayel merengek nak tidur. Tak apalah, abang saya pun masuk kereta, tengok Nayel masih merengek. Dia angkat Nayel, tangan dah terkulai oi. TERKULAI! Apa korang rasa bila anak korang jadi ibarat itu?
"Kakak saya terus bawa Nayel pergi ke klinik dan buat imbasan x-ray. Apa yang berlaku? Patah! Aku ulang sekali lagi, patah! Macam mana baby berusia tujuh bulan hadap dan rasa sakit patah tangan tu?
"Kakak saya mesej pengasuh dan tanya apa yang berlaku. Tetapi pengasuh itu bermati-matian kata bukan berpunca dari dia. Kakak saya tak tuduh pun, gres saja tanya.
"Kakak pergi ke hospital dan atas pesan yang tersirat pihak hospital, mereka suruh abang buat laporan polis. Doktor kata kemungkinan tangan Nayel patah dipijak atau dipukul, yang niscaya bukan lantaran terjatuh.
"Selepas itu, pengasuh berkenaan boleh ada hati mesej kata abang dan mak saya aniaya ia lantaran buat laporan polis. Malah katanya, kami tak kasihan pada ia yang masih menyusukan anak kecil. Habis tu, yang Nayel patah tangan, siapa pula nak kasihan?
"Yang paling saya sakit hati masa abang ambil Nayel pakai baju lengan panjang! Manusia apa ni? Dia kata ia jaga dan fokus pada Nayel, tak pernah jatuh. Padahal muka Nayel pernah mengalami calar teruk dan ia kata Nayel terhantuk.
"Itu tak kira lagi yang ia boleh pula keluar, tinggalkan Nayel pada jiran. Juga pernah bawa Nayel keluar pergi beli perabot tanpa memaklumkan kepada ibu Nayel.
"Selepas emua itu, ia mesej nak jumpa dan nak tahu Nayel ditempatkan di hospital mana. Buat apa nak jumpa? Dia tak tahu ke orang tengah bersedih dan tak boleh terima apa yang berlaku pada Nayel. Minta maaf pun tidak, sekali pun tak ada. Siap tuduh macam kita pula yang menganiaya dia.
"Paling saya geram semalam, saya jumpa satu post di Facebook. Dia jual barang Nayel! Kegilaan apa jual barang orang? Tak ada rasa bersalah eksklusif ke? Selepas sebulan dua terus pindah? Laju betul pindah.
"Kita ni tak minta pun suruh ganti tangan, tak minta apa pun. Kalau minta maaf pun cukup. Tapi insan apa macam ni? Boleh ke jual barang orang? Aku memang tak boleh terima dari awal tapi kali ini betul-betul dah hingga limit.
"Harap tak kena pada anak orang lain. Aku post pun lantaran saya tak nak anak orang lain kena ibarat mana anak saudara saya kena," katanya.
Sumber: The Reporter
Sumber: The Reporter
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