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.
Exploring the Luxurious World of Prada Outlets: Where Style Meets Savings
In the realm of high fashion, few names command as much reverence and admiration as Prada. Renowned for its timeless elegance, impeccable craftsmanship, and innovative designs, Prada has been a trailblazer in the fashion industry for over a century. However, for many fashion aficionados, the allure of Prada has often been accompanied by a hefty price tag. Enter Prada outlets, the treasure troves where style meets savings, offering a gateway to the world of luxury fashion at more accessible prices.
The Prada Legacy
Founded in 1913 by Mario Prada in Milan, Italy, Prada initially began as a leather goods shop, specializing in artisan-crafted handbags, luggage, and accessories. It wasn't until Mario's granddaughter, Miuccia Prada, took the reins in the late 1970s that the brand underwent a transformation, propelling it into the global fashion stratosphere.
Under Miuccia's visionary leadership, Prada expanded its repertoire to include ready-to-wear clothing, footwear, fragrances, and eyewear, all while staying true to its heritage of luxury and innovation. The brand's bold yet sophisticated aesthetic quickly garnered a cult following among celebrities, tastemakers, and discerning fashion enthusiasts worldwide.
The Appeal of Prada Outlets
While Prada's exquisite creations have earned it a loyal following, the brand's luxury status often comes with a hefty price tag. This is where Prada outlets come into play, offering a unique opportunity for fashion-savvy shoppers to indulge in the brand's iconic pieces at discounted prices.
Prada outlets are typically located in designer outlet malls or standalone locations, strategically positioned to cater to both local clientele and tourists seeking a taste of luxury. These outlets carry a curated selection of merchandise from past seasons, including clothing, handbags, shoes, and accessories, all marked down from their original retail prices.
The Experience
Stepping into a Prada outlet is akin to entering a realm where luxury and affordability intersect. The sleek, minimalist interiors exude an air of sophistication, creating an immersive shopping experience that mirrors the ambiance of Prada's flagship boutiques.
Browsing through the racks, shoppers are treated to a diverse array of timeless classics and statement pieces, ranging from iconic nylon backpacks and leather totes to tailored suits and runway-inspired dresses. Each item bears the unmistakable hallmarks of Prada's meticulous craftsmanship and attention to detail, ensuring both quality and style.
The Savings
One of the most enticing aspects of shopping at a Prada outlet is the opportunity to score coveted designer pieces at significant discounts. With prices typically slashed by up to 70% off the original retail price, savvy shoppers can indulge in their love for luxury without breaking the bank.
Whether you're on the hunt for a statement handbag to elevate your everyday look, a pair of sleek leather boots to complete your ensemble, or a timeless coat to withstand the test of time, Prada outlets offer an extensive selection of options to suit every style preference and budget.
Tips for Shopping at Prada Outlets
To make the most of your Prada outlet shopping experience, consider the following tips:
- Plan Ahead: Research the outlet's location, hours of operation, and available amenities to ensure a seamless shopping excursion.
- Arrive Early: Beat the crowds by arriving early in the day to have first dibs on the best deals and selection.
- Shop Strategically: Focus on investment pieces such as handbags, shoes, and outerwear that will stand the test of time and seamlessly integrate into your wardrobe.
- Inspect Thoroughly: Carefully examine each item for any flaws or imperfections, as outlet merchandise may have minor defects or irregularities.
- Stay Open-Minded: Keep an open mind and be willing to explore different styles and sizes, as you may stumble upon hidden gems that perfectly complement your personal style.
Prada outlets offer a gateway to the world of luxury fashion, allowing shoppers to indulge in the brand's iconic creations at discounted prices. With their curated selection of past-season merchandise, immersive shopping experience, and significant savings, these retail destinations have become must-visit destinations for fashion enthusiasts seeking the perfect blend of style and affordability. So whether you're a seasoned fashion aficionado or a casual shopper looking to elevate your wardrobe, a trip to a Prada outlet promises an unforgettable experience filled with luxury, style, and savings.
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