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.
CLIK MORE LIVE SERVER 1
What the peep?
This is the freebie for Friday!
Have you bought any Easter candy yet?
I sadly have...lol.
I can't resist cadbury eggs, those Hershey chocolate eggs wrapped in foil and peanut M & M's in pastel colors.
I shared my watercolored design of this design above...the other day...but now being in black and white...it is easier to stitch up if you want to.
Copy and save.
*Please note that all freebies are for you to use to make finished goods (no mass producing) and gifts...they are still legally my designs.
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Easter decor always makes me feel good...the seasons are changing and we are all ready for that!
The pretty soft colors, lil chicks and bunnies....flowers coming up and blooming...so exciting!
Above is "Cute Chick"...a fun and quick embroidery. Notice the pink rick rack around the egg shaped pillow...fun huh!
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I finally retook the photo for this pattern...Hippity Hoppity.
My skills at photography has grown quite a bit....thank goodness!
See the chick peeping around the corner in the lil quilt?
The bunnies have stitched button eyes.
This embroidery pattern, an oldie but goodie....has always been a favorite.
I call it the Easter Bouquet... I did a whole series...for every holiday.
Did you see that movie...it came out in January?
This wool pins are fun, use up scraps of wool or felt and people get a good laugh seeing those eyes!
I think they look Kawaii! (cute in Japanese!)
I have always had a fondness for raggedy Ann...my mom made me a raggedy Ann and Andy when I was a kid.
I played with them so much their arms fell off. She would sew them back on many times.
They had an embroidered red heart on their chest...which said I love you!
This raggedy Ann has a basket in one hand and a bunny in the other.
3 chicks in a large egg...the egg is a sort of patchwork design.
I love the banner on this one.
More large eyes too.
These cuties are made from Amy Butler fabrics...sort of a modern retro design.
The pattern also comes with an egg shape to make some simple pins with Easter sayings.
Egg-stra cute....this mouse is pretending to be The Easter Bunny!
I added gold seed beads to the center of the flowers to add some cool texture.
I made this into a pincushion....you can hide sewing notions in the box.
It would be even cuter given to a special child with easter treats inside!
You know the old saying....April showers bring May flowers.
This one is GLITTERY!
I tell you my simple technique in the pattern.
Spring wool pins....featuring a couple cute bunnies!
Talk about using scraps up...these flowers and leaves use up the smallest scraps.
The sitting kitty pin was a very popular pin at craft shows...never could keep them in stock.
Prim eggs...all the letters are included in this pattern.
It's very easy to whip these up. See how bits of cheesecloth are used behind the letters?!
I have a huge nest that I keep these in...a large display!
Meaning....bring me all the good stuff!
This pattern shows you how to make the 3 dimensional flowers on the pillow...so sweet!
Easter tags....They come on the collage sheet...looking as these do...
just cut out and add some string or ribbon....that is it....so easy.
These tags are also on a sheet....just download instantly...print....punch hole in the tags and add glittery string. The artwork for these came from old photos I collected...then I worked some magic on them.
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That was such an exciting part of growing up....the egg hunt.
I got to go a little early since my brother and sisters were much older and they could collect eggs faster than a locomotive.
My favorite thing was always the chocolate bunny....which we all ate while watching
"The Ten Commandments" with Charleton Heston.
.JPG)
I love the soft pink tones in this digital sign.
Looks so cute in my dollar store frame that I painted white.
This embroidery quilted wall hanging has some tags that hang on 3 buttons....tag designs are included in the pattern.
This embroidery is a super quickie...stitches up fast.
Look at the lil chick at the bottom!
I got the honeycomb eggs years ago at a garage sale...I just love them.
---------------------
I have lots more Easter and St. Patrick's designs in my etsy shop.
-----------------
Don't forget to go to your local Arts and Craft shows...they need your support....and they have some really cool stuff there.
I am going to a big one this weekend....
Shop til I drop!
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