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 perempuan dari New York, Amerika Syarikat (AS) yang disabitkan atas jenayah menculik dan membunuh dalam kes pembunuhan teman baiknya yang sedang hamil selain turut membelah perut mangsa dijatuhkan eksekusi penjara selama 40 tahun pada Rabu kemudian oleh mahkamah.
Ashleigh Wade, 24, dituduh membunuh rakan yang dikenali semenjak kecil itu Angelikque Sutton, 22, pada November tahun 2015. Ketika kejadian, Sutton dipercayai dalam perjalanan untuk ke majlis ijab kabul dengan tunangnya, Patrick Bradley sebelum singgah di rumah suspek.
Ketika pembunuhan tersebut berlaku, kandungan Sutton sudahpun berusia 8 bulan. Mengikut rekod kes, Wade dipercayai membunuh Sutton dengan cara mengelar leher dan membelah perut mangsa, selain turut menarik keluar bayi tersebut daripada perut Sutton. Bayi tersebut, Jenasis Bradley bagaimanapun terselamat dan berusia 2 tahun pada ahad depan.
''Saya memohon maaf dan tiada kata-kata yang sanggup menggambarkan penyesalan saya'', kata Wade yang kelihatan menangis dikala menunggu keputusan penghakiman.
Walaupun begitu, Hakim Margaret Clancy tetap menjatuhkan eksekusi penjara selama 40 tahun ke atas Wade walaupun ia mengakui menyesal dengan perbuatannya. Peguam yang mewakili Wade menyatakan bahawa dilema mental yang tidak dirawat menjadi punca kepada pembunuhan kejam tersebut berlaku.
Bulan lalu, Wade disabitkan dengan tuduhan menculik dan membunuh tahap 2. Ahli panel juri (jurors) mengambil masa kurang daripada lima jam untuk menciptakan keputusan yang kemudiannya menyaksikan Wade menangis teresak-esak di dalam mahkamah sesudah didapati bersalah. Wade bagaimanapun ditenangkan oleh ibu bapa Sutton, mangsa bunuhnya itu.
Angelikque Sutton
Para juri mengambil masa selama dua ahad untuk mendedahkan butiran kes pembunuhan ngeri tersebut. Menurut butiran tersebut, Wade dipercayai mengelar leher Sutton selain turut menikamnya bertubi-tubi lebih daripada 50 kali. Wade juga dituduh bertindak kejam dengan menarik keluar bayi mangsa selepas membelah perut Sutton.
Kes pembunuhan ini seakan-akan sudah dirancang awal oleh Wade kerana ia berpura-pura sedang hamil berbulan-bulan sementara menunggu masa yang sesuai untuk membunuh Sutton. Wade kemudiannya memberitahu keluarganya bahawa Jenesis, bayi Sutton yaitu anaknya sendiri.
Pembunuhan kejam tersebut turut memberi kesan kepada salah seorang juri apabila dilaporkan pengsan selepas melihat gambar-gambar Sutton selepas dibunuh dikala kes sedang dibincangkan.
Pada November 2015, Sutton singgah sebentar di rumah rakan baiknya di Bronx sebelum meneruskan perjalanan ke majlis perkahwinannya.
Wade dipercayai menjemput mangsa untuk masuk ke apartmentnya dikala itu dengan memberitahu mangsa bahawa ia ingin memberi hadiah kepada Sutton sebagai ucapan tahniah.
Pihak berkuasa memberitahu bahawa tindakan Wade mengelar leher mangsa yaitu bagi menghalang mangsa daripada menjerit dan menjadikan rancangannya terbongkar.
Menurut Pembantu Penyiasat Daerah Bronx, Meredith Holtzman yang memberi keterangan dikala proses pembicaraan berkata bahawa Wade perlu membunuh Sutton dan mendapatkkan bayinya bagi menyempurnakan penipuan kehamilannya.
''Defendan menyerang mangsa dengan cara mengelar dan menikam mangsa berkali-kali di bahagian leher dan muka.
''Defendan turut mengelar bahagian peti bunyi mangsa semoga mangsa dihentikan menjerit. Salur darah utama mangsa juga turut dipotong.
''Apa yang dilakukan oleh defandan selepas itu tidak sanggup diluahkan dengan kata-kata. Selepas mangsa tidak sanggup bersuara dan bergerak, defendan kemudiannya mencapai pisau di dapur sebelum membelah perut mangsa di bahagian bawah.
''Selepas membelah perut mangsa, defendan menarik keluar bahagian rahim (uterus) mangsa keluar sebelum membelahnya untuk mendapat bayi tersebut. Bahagian rahim itu kemudian dibuang di bilik mandi'', kata Holtzman.
Gambar dimuatnaik oleh sobat lelaki Wade, Wade hantar gambar tipu kononnya ia mengandung
Namun ajaibnya, bayi Sutton tersebut selamat daripada serangan ganas Wade dan sekarang hamipr masuk ke usia 2 tahun.
Menurut Holtzman lagi, pembunuhan tersebut sememangnya sudah dirancang dan bertujuan untuk mencuri bayi tersebut.
''Dia sudah membeli pakaian bayi, baju bayi, kasut bayi, susu formula, lampin, buaian dan semua yang diperlukan, tetapi ia tidak memiliki bayi pun.
''Oleh itu, ia perlu membunuh Sutton bagi mendapat bayi tersebut'', tambah Holtzman lagi.
Peguam bela Wade, Amy Attias memberitahu mahkamah bahawa anak guamnya tidak berniat untuk membunuh Sutton. Dia turut mendakwa bahawa ''sesuatu yang tidak kena telah berlaku di dalam minda Wade''.
Kes pembunuhan terbongkar selepas sobat lelaki Wade yang berkunjung ke rumah suspek menemui Wade berada di sebelah jenazah Sutton dengan bayinya itu.
Malah, Wade turut menjerit dengan mendakwa bayi tersebut yaitu miliknya dikala ditahan oleh pihak berkuasa.
Pegawai polis New York Police Department (NYPD), Jonathan Polanco Ortiz yang datang di lokasi tragedi pada tahun 2015 memberitahu mahkamah bahawa pembunuhan kejam tersebut memberi kesan kepada jiwanya.
Ortiz memberitahu bahawa Wade mengaku telah melaksanakan pembunuhan sebaik sahaja ia melihat kehadiran polis di situ.
Ketika pihak polis bertanya kepada Wade berapa kali ia menikam Sutton, Wade sekadar menjawab ia menikam Sutton seberapa banyak tikaman yang ia mampu.
Bakal suami Sutton turut hadir ke mahkamah dikala pembicaraan berjalan ternyata sebak dikala mendengar butiran-butiran kes dikemukakan.
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