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.
1. Pemohon yg tidak lulus SSM yg hanya sanggup RM700 tahun ini dan tidak menciptakan rayuan khas pada Julai 2017 yg kemudian perlu menciptakan PERMOHONAN BARU.
2. Pemohon yg tidak mengemaskini semenjak BR1M 2014 juga perlu menciptakan permohonan baru.
3. Pemohon/pasangan/tanggungan yg berdaftar dgn SSM tetapi perniagaan tidak aktif digalakan utk TAMATKAN SSM. Dokumen penamatan perlu disertakan bersama borang kemaskini/permohonan baru. Tidak termasuk Skim 1 Pelajar 1 Perniagaan
4. ALERT Pemohon tidak akan mendapatkan surat rasmi mengenai pemberitahuan BR1M 2018 sebaliknya hanya mendapatkan PAMPLET mengenai BR1M dan borang perlu diambil di LHDN terdekat bermula 27 Nov 2017.
5. Waktu Operasi kaunter BR1M 2018 yaitu spt berikut :
a) 8.30pg-5.00 ptg (ISNIN-JUMAAT)
b) 9.00pg-4.00ptg (30-31 Dis 2017-minggu simpulan SABTU dan AHAD)
Bagi negeri PERLIS, PENANG, PERAK, SELANGOR, KL, N.SEMBILAN, MELAKA dan PAHANG
c) 8.30pg-5.00ptg (AHAD-RABU)
d) 8.30pg-3.30ptg (KHAMIS)
e) 9.00pg-4.00ptg (29-30 Dis 2017-minggu simpulan JUMAAT dan SABTU)
Bagi negeri KEDAH, KELANTAN, JOHOR dan TERENGGANU
f) 8.00pg-4.00ptg (ISNIN-JUMAAT)
g) 00pg-4.00ptg (30-31 Dis 2017-minggu simpulan SABTU dan AHAD)
Bagi SABAH dan SARAWAK
f) Tiada kaunter yg akan dibuka pada CUTI UMUM
(MAULIDUR RASUL, HARI KRISMAS dan HARI KEPUTERAAN SULTAN SELANGOR (utk negeri Selangor sahaja))
Permohonan dan Kemaskini BRIM akan dibuka pada 5 Disember . Di sini yaitu beberapa tip berkhasiat semoga peserta tidak mengulangi kesilapan yang lazim semasa melakukan permohonan dan kemaskini.
1. Kemaskini maklumat peribadi anda walaupun tiada perubahan.
BRIM 2018 memperkenalkan suatu kategori baharu iaitu agenda eKasih yang menjanjikan pemberian pemberian berjumlah RM1200. Selaku seorang peserta dari tahun sebelumnya, anda wajib menciptakan kemaskini dengan membekalkan butiran yang terkini untuk mendapatkan jumlah pemberian mengikut kelayakan. Kemaskini penting semoga kerajaan sanggup mengetahui pemohon masih wujud dan layak mendapatkan BR1M menurut tangga honor yang terkini.
2. Pastikan anda mengetahui jawapan untuk soalan keselamatan anda.
Kepada yang dihalang untuk log masuk jawaban kesilapan menjawab soalan keselamatan tahun lepas, halangan tersebut akan dibuka semula. Permohonan baharu juga akan dibuka kepada mana-mana individu atau keluarga yang belum pernah memohon pada masa yang sama. Oleh itu, pastikan anda mengetahui jawapan yang betul untuk soalan keselamatan di laman BR1M sekiranya memohon untuk pihak lain.
3. Daftarkan permohonan baharu secara dalam talian.
Kaedah permohonan memakai borang BR1M fizikal masih boleh dipakai tetapi kami menyarankan semoga anda berdaftar secara online. Permohonan boleh didaftarkan pada portalBRIM 2017 di https://ebr1m.hasil.gov.my dan yaitu lebih gampang dan cepat daripada mengisi borang secara manual di LDHNM. Untuk panduan mengisi borangBRIM, rujuk kepada pautan ini.
4. Jika anda seorang pelajar, anda tidak harus memohon BR1M.
Kepada bujang yang masih menuntut di mana-mana institusi pengajian, anda tidak layak untuk menerimaBRIM kerana anda belum bekerja. Walau bagaimanapun, anda akan mendapatkan Baucar Buku 1Malaysia (BB1M). Anda perlulah menunggu pengumuman dari institusi pengajian anda berkaitan tarikh pengagihan BB1M.
5. Jika anda seorang janda, isikan maklumat tanggungan anda.
Sesetengah janda (wanita yang bercerai) hanya mendapatkan pemberian berjumlah RM350. Sepatutnya mereka layak untuk mendapatkan pemberian kategori keluarga yang lebih tinggi sekiranya umur tidak melebihi 60 tahun. Hal ini demikian kerana mereka tidak mengisikan maklumat tanggungan sedangkan mereka mempunyai tanggungan biarpun sudah bercerai.
6. Gunakan desktop PC untuk menciptakan permohonan dan kemas kini.
Telefon bimbit dan tablet dihentikan dipakai untuk menciptakan permohonan dan kemaskini di laman sesawang BR1M. Hanya semakan status boleh dibentuk dengan memakai aplikasi telefon bimbit. Hal ini telah ditetapkan oleh kerajaan mengikut dasar keselamatan dan polisi untuk melindungi malumat peribadi anda daripada digodam atau dicuri. Oleh itu, registrasi dan permohonan hanya boleh dilakukan dengan memakai desktop PC sahaja. Anda juga disyorkan untuk mencetak permohonan anda dan menyimpan salinan tersebut sebagai bukti anda telah berdaftar.
Berikut merupakan soalan popular yang ditanya, harap-harap ia boleh dijadikan referensi kepada problem atau pertanayan anda.
1. “Saya merupakan peserta BRIM yang sedia ada, perlukah saya mengemaskini maklumat lagi secara online?”
Ada yang bertanya soalan ini kerana tiada perubahan dalam maklumat yang telah dimasukkan dalam sistem BR1M dari tahun 2016 hingga. Kami tetap menyarankan anda untuk mengemas kini, kerana ini yaitu salah satu cara untuk kerajaan mengetahui pemohon tersebut masih hidup dan memenuhi syarat kelayakan BR1M.
Tambahan pula, kerajaan telah mengumumkan kategori baharu bagi tahun iaitu kategori e-kasih, yang menjanjikan jumlah pemberian sebanyak RM1200. Oleh itu, kami menasihatkan anda untuk memastikan maklumat peribadi anda masih sempurna bagi yang layak untuk kategori ini.
2. “Mengapa jumlah yang saya terima lebih rendah daripada yang dijanjikan?”
Kemungkinan pendapatan anda terlalu tinggi maka anda tidak mendapatkan jumlah ibarat yang diandaikan. Matlamat BR1M yaitu untuk membantu golongan yang benar-benar memerlukan pemberian kewangan, oleh itu pendapatan bernafsu bulanan telah menjadi kayu pengukur kelayakan.
Selain itu, janda atau balu perlu mengisi tanggungan untuk melayakkan diri untuk kategori isi rumah. Sekiranya ruangan tanggungan dibiarkan kosong, mereka hanya akan mendapatkan RM400 kerana layak sebagai peserta bujang sahaja. Sekiranya masing-masing mempunyai seorang tanggungan, mereka perlu berbincang sebelum memohon atau mengemaskini, semoga sekurang-kurangnya salah satu daripada mereka layak untuk kategori isi rumah.
3. “Bagaimana kalau saya tetap gagal memasuki portal BR1M sehabis mencuba berpuluh-puluh kali?”
Sesetengah pengguna mendapatkan mesej “Semakan status secara dalam talian yaitu gagal. Sila rujuk ke cawangan LHDNM.” semasa cuba memasuki laman sesawang BR1M. Hal demikian kerana anda telah cuba menyemak memakai MyKad anda sebelum ini tetapi telah gagal menjawab soalan keselamatan sebanyak 3 kali. Halangan ini akan dibuka semula semasa tempoh permohonan kelak.
Kepada yang hendak mengemaskini BR1M bagi pihak ibu bapa atau datuk dan nenek, sila pastikan anda mengetahui jawapan yang betul bagi soalan-soalan keselamatan yang ditanya di laman BR1M. Sekiranya anda mencicipi portal BR1M terlalu lambat untuk dimuat, layarinya pada waktu yang kurang sibuk, ibarat waktu malam, dan bukannya pada waktu trafik tinggi, misalnya dari pukul 11 pagi sampai 1 petang. Dengan ini, peluang untuk anda memasuki portal BR1M yaitu lebih baik.
4. “Bagaimana kalau saya mendapatkan mesej ‘Aplikasi eBRIM tidak direkabentuk…’ semasa membuka laman BR1M pada telefon bimbit?”
Laman BR1M tidak menggalakkan kemaskini dilakukan memakai telefon bimbit atau tablet. Semakan status boleh dibentuk dengan telefon bimbit tetapi atas alasannya keselamatan, rakyat dikehendaki memakai komputer peribadi jenis desktop bagi segala aktiviti berkaitan dengan permohonan baharu atau kemaskini maklumat. Perkara ini telah dimaklumkan semenjak BR1M 2016.
5. “Apa yang perlu saya lakukan selepas memohon atau mengemaskini?”
Pengumuman keputusan akan dibentuk kelak. Anda akan dihubungi melalui surat. Anda dinasihatkan untuk mencetak satu salinan borang BR1M yang telah diisi dan menympan salinan tersebut untuk kegunaan masa depan sekiranya perlu. Contohnya, sesetengah pemohon yang mengalami problem semasa mendapatkan wang telah membawa salinan tersebut ke kaunter BR1M atau cawangan LDHNM sebagai bukti dan rekod tarikh mereka siap memohon atau mengemaskini.
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