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 Impress Employers With Your Online College Education
Landing a great job often starts with having a good college education. But you may be surprised to learn that you don't have to attend a traditional brick and mortar college or university to succeed in the career world. An online education is now considered equal, if not superior, in quality to an on-campus degree.
Many students earning an online education are full-time employees who are looking to advance their careers. By informing their employers that they're enrolled in an online program, that will make a favorable impression on their employers, and will often result in career advancement while still in school.
Studying at an online college can be just as exciting, fun and diverse an experience as at any other college setting. There are now thousands of online colleges that offer you both undergraduate and graduate educations to prepare you for the workforce. Online colleges offer bachelor's, master's, and doctorate degrees in the humanities, social sciences, and physical sciences. You can study full-time, or part-time at an online college right from the comfort of your own home using your PC or laptop. Online college education is done by taking online courses in any discipline you could imagine. Whatever your job goals are, you can take one or more online courses to get properly trained so you can qualify for any particular job out there. You can take an online course in interior design, chemistry, psychology or mathematics. Or you can take an online course in business, nursing, marketing, painting, or music theory. Engaging in online college education can be one of the most rewarding experiences you can possibly have.
While you won't have that specific physical interaction like on-campus college programs, taking online college courses at online schools will indeed allow you to socially interact with other students and professors in a virtual environment. Online college courses can be just as difficult and rigorous as campus-based courses. Don't think there will be any shortcuts simply because you're studying at an online school. These online schools realize that the reason you're studying is to prepare you for your career aspirations and goals, so the coursework and degree programs have to be highly disciplined. You need to learn to be a responsible individual when you're studying at an online school. Your professors will demand that of you, since in the real business and corporate world, you'll be faced with daily tasks that are also very demanding, and require a high level of dedication, tenacity, and discipline.
When you finally earn your online degree, you will have to start the interview process with human resource managers at various companies where you're applying for work. You'll be expected to deliver a stellar resume, and on that resume you should be proud that you studied at or earned your degree at an online college. Don't ever feel that it's an inferior degree because it's not. The quality standards at online colleges are just as high as at campus-based colleges, and the very best ones also have the highest accreditation standards. With such an education, you can grow confident that you've learned every bit as much as at a traditional college where you would have to attend classes every day. With such an education, feel confident that you will indeed be sufficiently impressing the people you interview with because they will know for certain just how demanding and rigorous it was for you to have earned college credit in an online environment.
If you're thinking of going back to school to either earn your degree or start a new career, then studying in an online setting should be at the very top of your list. You will be able to save on travel costs, and you can work and study at your own schedule at whatever hours you wish. You won't have to worry about having to try to find a spot in the campus parking lot. And employers will highly respect you when they see your resume. They will instantly realize just how hard it was to have earned your bachelor's, master's or doctorate. And even if you didn't earn a degree, just noting that you studied at a prestigious, fully accredited college or university online will without question boost your employment credibility profile. You really can't go wrong by studying online in the eyes of a prospective employer. Such an education will make you one of the top employment candidates for most any position, simply due to the great strength and credibility of having studied in an online environment.
http://www.MyCollegesandCareers.com helps students connect with the best schools to earn their college degree and embark on a rewarding career! A powerful resource for individuals of all walks of life, My Colleges and Careers connects people with the programs that help them earn degrees on campus or online.
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