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.
Intermittent Fasting Formula helps you to lose weight fast
Intermittent fasting has taken the health and wellness world by storm, promising benefits ranging from weight loss to improved mental clarity. The Intermittent Fasting Formula Diet is designed to help you maximize these benefits while simplifying the fasting process. Let's dive into what makes this program stand out and how it can help you achieve your health goals.
What is the Intermittent Fasting Formula Diet?
The Intermittent Fasting Formula Diet is a comprehensive program that combines scientific principles of intermittent fasting with practical, easy-to-follow guidelines. This diet is designed for individuals who want to lose weight, improve their metabolic health, and enhance their overall well-being without the complexity and confusion often associated with fasting.
Key Features
1. Flexible Fasting Schedules: Whether you're a beginner or an experienced faster, the Intermittent Fasting Formula Diet offers multiple fasting schedules to fit your lifestyle. Choose from the 16:8 method, where you fast for 16 hours and eat during an 8-hour window, or the more advanced 5:2 method, which involves two days of reduced calorie intake each week.
2. Balanced Meal Plans: The program provides tailored meal plans that ensure you get all the necessary nutrients during your eating windows. These plans are designed to keep you full and satisfied, reducing the temptation to break your fast prematurely.
3. Expert Guidance: With the Intermittent Fasting Formula Diet, you have access to expert advice and tips from nutritionists and fitness professionals. This guidance helps you stay on track and make the most of your fasting experience.
4. Supportive Community: Join a community of like-minded individuals who are on the same journey. Share your experiences, get motivation, and find accountability partners to help you stay committed to your goals.
Benefits of the Intermittent Fasting Formula Diet
1. Weight Loss: By restricting your eating window, you naturally reduce your caloric intake, which can lead to significant weight loss. The Intermittent Fasting Formula Diet helps you make healthier food choices during your eating periods, further enhancing your weight loss efforts.
2. Improved Metabolism: Intermittent fasting has been shown to boost your metabolism by increasing your body's production of norepinephrine, a hormone that enhances fat burning. This diet plan helps you tap into these metabolic benefits effectively.
3. Enhanced Mental Clarity: Fasting can improve your focus and cognitive function by reducing oxidative stress and inflammation in the brain. Many users report feeling more alert and productive during their fasting periods.
4. Better Digestion: Giving your digestive system a break during fasting periods can lead to improved gut health. The Intermittent Fasting Formula Diet includes meals that promote a healthy digestive system.
5. Sustainable Lifestyle: Unlike many fad diets, intermittent fasting is easy to maintain over the long term. The flexibility and simplicity of the Intermittent Fasting Formula Diet make it a sustainable choice for lasting health improvements.
How to Get Started
Getting started with the Intermittent Fasting Formula Diet is simple:
1. Choose Your Fasting Schedule: Select the fasting method that fits your lifestyle and goals. Beginners may want to start with the 16:8 method, while more experienced fasters might opt for the 5:2 approach.
2. Follow the Meal Plans: Use the provided meal plans to ensure you're getting balanced nutrition during your eating windows. These meals are designed to keep you full and energized.
3. Stay Connected: Engage with the community and utilize the expert resources available to you. This support network is key to staying motivated and overcoming any challenges.
4. Track Your Progress: Keep a journal of your fasting and eating habits, along with any changes in your weight, energy levels, and overall health. Tracking your progress helps you stay accountable and make necessary adjustments.
Start your journey today and unlock a healthier, more vibrant you with the Intermittent Fasting Formula Diet.
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