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.
6 Tips for Keeping Cats in Kos, Overseas Children Must Know!
Cats are cute and adorable furry animals. His odd behavior can actually be both comfort and encouragement. In addition, cats are also easy to care for and can make friends when we are away from home or family. Come on, take a look at 6 tips for keeping a cat in a hostel, for those of us who live far from home.
1. Provide a comfortable cage
The first tip for keeping a cat in a hostel, of course we have to provide a cage for pet cats. A comfortable cage will allow your cat to adapt and feel at home even in a limited space. Finish the cage with soft padding and the cat litter bin with special cat litter.
2. Give cat toys
The second tip, give toys for pet cats, especially if we often leave them alone in the dorm. This is so that the cat has a playmate and does not feel lonely.
3. Create regularly
Naturally, cats can clean their own fur. However, to maintain cleanliness and health we still have to make a schedule to bathe them regularly. For example once a week or once a month. Do not bathe too often, because it will really make hair fall out.
Bathe the cat using a special cat shampoo. Since cat's skin is very sensitive, a special cat shampoo will take care of both the skin and coat.
4. Give special vitamins and cat food
The next tip for keeping cats in the dorm, give them vitamins such as fish oil because of omega 3 and 6. We can also give honey instead of vitamins.
Cats are not fussy about food. However, you must provide a special cat for cats so that Gembul grows up healthy and the necessary nutrients are met.
5. Take care of your cat's nails and fur
The next tip, make sure we also take care of the cat's nails and fur, yes. Cut the nails when they're old so they don't hurt his skin when he scratches or damage exposed objects like doorknobs and table legs.
Make sure we brush their fur daily. So that it doesn't fall everywhere and Gembul looks more well-maintained.
6. Provide entertainment
The last tip for keeping cats in the dorm is to provide entertainment. Cats are social animals who easily feel lonely. Cats also need our presence to accompany him, especially when he is in a limited space. For them to feel comfortable by accompanying them to play, play cartoons, and play music so that pet cats avoid stress and stay active.
So, those are 6 tips for caring for cats in a hostel for cat lovers living abroad. Ready to keep cats in the dorm?
5 Reasons Why Health Insurance Is a Must for Everyone
A few years ago, there was a common misconception that family health insurance is a type of luxury that only the rich can afford. However, this perception is now changing due to many reasons, such as inflation, rising hospitalization expenses, and the growth of the middle class.
There is no doubt that individual health insurance is considered important across the globe. Today, homemakers and working professionals are looking for insurance policies that can cover their expenses related to critical illnesses, lifestyle disorders, health conditions, and diseases just to name a few.
In this article, we are going to talk about five convincing reasons that explain the importance of health insurance for people, regardless of their age, gender, profession, or social status. Read on to know more.
Financial Protection
First of all, the policy provides financial protection. It can cover your medical expenses when you get injured or fall sick. In these situations, you won't have to pay your expenses out of your own pocket. Apart from this, this policy can pay for your surgeries and other medical procedures that can cost you thousands of dollars.
For instance, simple bypass surgery can cost you up to $60000 if you don't have medical insurance. And you may not have that much extra cash to deal with this type of emergencies.
Lifestyle Health Conditions
Many homemakers and working professionals suffer from health conditions, such as hypertension, hormonal imbalance, chronic back pain, obesity, and diabetes. Most people develop these conditions due to their stressful lifestyles. The fact of the matter is that even youngsters have to see specialists to deal with their conditions these days.
Besides, mental illnesses are quite common these days. Therefore, it is important that you get insurance for your family.
Cashless Hospitalization
Health Insurance offers cashless hospitalization. For example, if one of your family members falls sick all of a sudden in the middle of the night, you will have to get them hospitalized right away. At the hospital, they may demand thousands of dollars for immediate surgery to save the life of the patient. Now, If you don't have the cash right away, you may risk the life of your loved one.
In this situation, family health insurance can help you deal with this matter. With this policy, you don't have to pay cash upfront. Your insurance company will pay for the medical expenses.
Critical Illness Insurance
Today, insurance companies allow you to purchase critical health insurance. If you or a loved one suffers a heart attack, paralysis, kidney failure or cancer, this type of insurance can provide partial coverage as far as medical expenses are concerned. In some cases, the policy can provide full coverage for medical treatment.
Peace of Mind
Having an insurance policy gives you peace of mind. You won't have to spend sleepless nights wondering how you will pay for the medical costs of your family members. If you have health insurance, your insurance company will pay for any unexpected medical expenses.
Long story short, if you want to enjoy all these benefits, we suggest that you apply for health insurance, especially for your family.
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