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.
How to Make Money As an Online College Instructor
There are over eighteen million students attending community colleges, four-year colleges, state universities and for-profit online post-secondary academic institutions today, and more and more of those college students require an online college instructor to lead their classes. Distance education technology has matured to the point that it would be hard to imagine a school that is not offering online college classes to its new and returning students.
In fact, it is almost guaranteed that the lower cost of offering online college classes will force colleges and universities to move as many of their undergraduate classes online as possible in the next few years. The migration from traditional, on-ground education to digitally-accessed education represents a major shift in how a college education will be earned, and it concurrently represents a major shift in how almost anyone with a graduate degree in a core area of academic study such as English, math, history, psychology or Information Technology can find ample opportunities to earn a very nice living by teaching in multiple part time online teaching positions. It should go without saying that the first step to landing an online teaching position is to become familiar with the needs of the over five thousand institutions of higher learning.
First and foremost, the schools are almost literally being overrun with new and returning college students who have become unemployed or know with relative certainty that they stand a very good chance of becoming unemployed. These students want to improve their chances of earning a decent living again when the recession lifts, and they plan on making that happen by attending college in order to earn a degree or by attending a community college in order to acquire technical training. In either case, it is absolutely necessary that they take a certain number of core college classes.
The person with a graduate degree in these core areas of study can certainly take advantage of the growing need for instructors who can use a computer hooked to the Internet to teach college students taking these requisite courses. This growing need for education professionals with technology and academic skill sets is creating a very definite career path for those seeking to become an online college instructor.
Online College Instructor Income Potential
Obviously, each school will have its own formula for deciding how much to pay an online adjunct instructor to teach a course and anyone who teaches online for any length of time will realize that there isn't any arguing the point with the school's administrators. The only real option for an online adjunct teaching math or English, and it is these two core academic subjects that will have the vast majority of new and returning students, is to decide if a school that pays fifteen hundred dollars to teach an online college class for fifteen weeks is a better deal than a school that pays two thousand two hundred dollars to teach the same course for eight weeks.
Much of the evaluation process for one or another school depends on the demands of the course. Eventually, the alert online adjunct instructor will learn to teach at multiple accredited online degree programs at once so that if one academic institution becomes too demanding it can be replaced by another school that is more profitable for the adjunct. In general, it is possible to make fifty to sixty thousand dollars a year through online adjunct faculty employment, and there are those online instructors who laser-focused time management skills and cutting edge technology abilities that can earn in the six-figure range, but they do not sleep at lot. Online teaching can be lucrative in a variety of ways not directly related to the actual teaching.
For example, online adjunct instruction does not require a personal vehicle and there are no public transportation, streetcars and buses, necessary to manage the online classes. The best way to quantify this economic aspect of online instruction is to add up how much money is spent driving a car to and from the various college campuses every day. If a college instructor teaches at several traditional institutions that are some distance from each other a pretty penny of the money earned from teaching is eaten up in sheer transportation costs. An online faculty member only needs a computer and an Internet connection to function in the classroom.
Today, a perfectly serviceable laptop can be had for less than four hundred dollars and almost any coffee shop of public library has free wireless Internet service. Now compare that cost of teaching online with the almost endless expense of owning and maintaining an automobile that is sure to break down from all the miles put on it driving from one campus to the next. Another economic benefit to being an online college adjunct is that of geographic mobility. This mobility is of paramount importance since it can transcend geography, which means the adjunct can move about the globe freely and still earn a living wage. This geographic mobility could become very important if and when the area I which the adjunct lives become too expensive or is prone to natural disasters like hurricanes or earthquakes. Thus, the income potential of online adjunct faculty employment should be measure in more than just the payment for teaching an online college class.
Online College Instructor Application Strategy
While it is true that teaching online college classes for a distance learning online college requires a minimum of a graduate degree, it is also true that one needs to be hired to teach online in order to start earning money from it. Therefore, an application strategy is quite important to the overall process, and the application strategy is one that will be ongoing since the number of community colleges and other post-secondary institutions offering online classes will only grow over time.
First, gather all the documentation you will need during the application process. This includes a cover letter that contains an expressed intent to teach online undergraduate classes since it is these classes that have the most students in them. Along with the cover letter, a resume, not a vita, is a necessary element of the process. A third and very important element is scanned in unofficial copies of all graduate transcripts. All three of these application elements should be kept in a handy place on the computer's desktop since they need to be in motion, so to speak, at all times.
The academic job boards are always a good place to search for possible online college course to teach, but it is a better idea to apply directly to each of the over five thousand academic institutions that have web sites on the Internet. Just keep submitting applications to teach online as an adjunct and sooner or later a positive response will be generated by the effort to make contact. Keep in mind that the schools have a lot more students than teachers who can master the digital classroom and teach college materials in a professional manner. Sooner or later, it will become easier to see the outstanding opportunities that being an online college instructor for multiple colleges online offers those with graduate degrees in need of a decent living.
Michael Greene has taught as an online college instructor for the last five years. He unreservedly recommends online college teaching jobs [http://onlinefacultyposition.com/online-faculty-position-needs-graduate-degree] to everyone with a graduate degree needing to earn a decent living and work toward a brighter future during these difficult economic times.
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