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.
10 Recommendations for the Latest Women's Lacoste Shoes
Lacoste, renowned for its elegant and sporty style, has once again outdone itself with its latest collection of women's shoes. Whether you're looking for casual comfort, athletic functionality, or chic fashion, Lacoste has something to offer. Here are ten recommendations from their newest line-up.
1. Lacoste Women's Carnaby Evo Leather Sneakers
The Carnaby Evo is a timeless classic that perfectly blends casual style with refined elegance. These leather sneakers feature a clean design with the iconic green crocodile logo, making them versatile enough for both casual outings and semi-formal events. The cushioned insole and durable rubber outsole ensure comfort and longevity.
2. Lacoste Women's LT Fit 119 1 P Knit Sneakers
For those who prioritize comfort and a snug fit, the LT Fit 119 1 P Knit Sneakers are an excellent choice. These shoes feature a breathable knit upper and an Ortholite insole, providing excellent ventilation and cushioning. The sleek, modern design makes them perfect for athleisure wear.
3. Lacoste Women's Sideline Canvas Trainers
The Sideline Canvas Trainers offer a retro-inspired look with contemporary comfort. The low-profile design, paired with premium canvas and suede details, creates a vintage vibe that's perfect for everyday wear. These trainers are lightweight and flexible, making them ideal for long walks or casual outings.
4. Lacoste Women's Graduate Cap Leather Sneakers
Elegance meets sportiness in the Graduate Cap Leather Sneakers. These shoes boast a smooth leather upper with a streamlined silhouette, accented by the signature Lacoste branding. The padded collar and tongue provide additional support, making them comfortable for all-day wear.
5. Lacoste Women's L.12.12 Unlined Slip-On Sneakers
Inspired by Lacoste's iconic polo shirt, the L.12.12 Unlined Slip-On Sneakers offer a minimalist yet stylish option. The unlined construction ensures a lightweight feel, while the piqué-textured upper adds a touch of sophistication. These slip-ons are perfect for quick, hassle-free wear.
6. Lacoste Women's Ziane Chunky BL 1 Sneakers
The Ziane Chunky BL 1 Sneakers bring a bold twist to a classic design. With a chunky rubber sole and sleek leather upper, these shoes provide a contemporary edge to your outfit. The padded insole offers comfort without compromising on style, making them suitable for both casual and semi-formal settings.
7. Lacoste Women's Hydez 120 1 SFA Trainers
For a sporty yet chic look, the Hydez 120 1 SFA Trainers are a top pick. These trainers feature a combination of leather and textile uppers, ensuring durability and breathability. The cushioned midsole provides excellent shock absorption, making them ideal for active lifestyles.
8. Lacoste Women's Lerond BL 2 CAM Sneakers
The Lerond BL 2 CAM Sneakers are a perfect blend of simplicity and elegance. These shoes feature a canvas upper with subtle branding, making them versatile for various outfits. The vulcanized rubber sole ensures durability and traction, suitable for everyday wear.
9. Lacoste Women's Court Slam Trainers
For those who love a retro-inspired look, the Court Slam Trainers are a must-have. These shoes draw inspiration from 90s court styles, featuring bold colors and a chunky silhouette. The combination of leather and synthetic materials ensures durability, while the cushioned insole offers comfort.
10. Lacoste Women's Esparre Chukka 319 1 CAW Boots
For a touch of sophistication with a casual twist, the Esparre Chukka 319 1 CAW Boots are perfect. These ankle boots feature a sleek leather upper with a classic chukka design. The padded insole and sturdy rubber outsole provide comfort and support, making them ideal for both casual and semi-formal occasions.
Lacoste's latest collection of women's shoes offers a wide range of styles, from classic sneakers to modern trainers and elegant boots. Whether you're looking for something sporty, casual, or chic, these recommendations provide the perfect blend of comfort, durability, and timeless style. Explore these options to find the perfect pair that fits your style and needs.
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