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.
12 Signs of a Genius Child, Has Been Clearly Seen Since Childhood
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Ones genius has been very visible since childhood. Even among researchers, the characteristics are visible physically although psychologically it is measured by indicators of intellectual ability which are often known as intelligence quotient( Intelligence Quotient(IQ)) numbers.
People World Health Organization have been named a genius by psychologists since the 1990s have an Intelligence Quotient(IQ) score of 140, and that genius figure is only 1 in every 250 people. However, a leading researcher in the 1940s said a genius must have an Intelligence Quotient(IQ) of over 180 and that there is only 1 in every 2 million people.
The debate about a certain Intelligence Quotient(IQ) number to determine whether someone is a genius or not, until now there is nomor single definition or definite requirement to get a genius title.
But many doctors have studied highly intelligent and gifted children to better understand genius. They define genius as a wealth of originality, creativity, and the ability to imagine or think in new ways and fields.
Cause of Genius
The truth is, scientists dont know exactly what makes someone a genius. They suspect that there are genetic factors that affect a persons tingkat of intelligence. Certain types of genes affect how much intellectual intelligence you have.
Quoting WebMD, your childs genetic influences affect motivation, self- confidence, and other traits. They greatly influence how well they perform in school or on tests that measure intelligence.
Signs of a Genius Brain
There are certain physical traits that the brains of geniuses or those with extreme intelligence have.
1. Larger brain volume in certain parts
Scans show that talented or genius people have more gray matter in their brains. This is the part of the brain that works to calculate and process information. It also directs your attention, memory, language, perception and interpretation.
2. Increased connectivity of brain regions
Highly gifted or genius individuals usually have more active white fields in their brains. It is this white zona that acts as the communication center in your brain.
The brains of geniuses appear to have a finer network of connections and therefore produce very fast and complex thoughts.
3. Increased sensory sensitivity and emotional processing
The brains of geniuses can experience" superstimulability" which makes them very sensitive to the emotions and feelings of other people. This can help them form relationships with others, but can sometimes overwhelm them and make them feel tired quickly.
- Has emotional depth and sensitivity
- Liking unique topics or interests
- Have a mature or quirky sense of humor
- Imaginative and able to find creative solutions to problems
- Quickly learn
- More aware than other children of self, social situation and global issues
Sign of genius in adults
Signs of high intellectual intelligence in adults are similar to those in children, including rapid learning, interest in unique topics, and the ability to process information quickly.
Some other habits or behaviors that may indicate a high tingkat of intelligence or genius in adults are:
- Tendency to have a slightly messy living room and work space
- Often sleep late
- Likes to be alone
- Great memory abilities
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