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.
Tips for Interviewing a Prospective Brain Injury Lawyer
One of the most important steps for finding a great brain injury lawyer is the interview process. There are almost 1 million lawyers in the United States right now. It is essential to interview several lawyers just before you hire one to make absolutely sure that these people currently have the experience and expertise in not only personal injury but specifically in head injury law. Beyond these factors, you should be able to feel like the lawyer is on "your side" and is looking out for your interests.
When you set off to meet with a brain injury lawyer or law firm, you need to assess the following: experience with head injury, personality and willingness to take your case one. Each of these will be explored in greater depth below.
Experience with Brain Injury
Again, with nearly 1 million lawyers in the United States, you have to find one with experience with brain injury who works near your location. Now, this individual does not have to work exclusively with head injury (although that would be nice). The lawyer you select must have been a part of a legal team for at least 10 brain injury cases. You need to make sure that they understand the medical, social and vocational aspects of moving back to life post head injury. For many men and women, it is tricky to return to school or work right after a brain injury, so one issue at stake is lost wages or lack of ability to earn income. If the head injury lawyer you're working with understands these issues, you will be much better off.
One issue in working with an expert is that the law fees may be more high-priced. While this is certainly an issue for most individuals, it may well be worth it to help you win your case or reach a better head injury settlement. Like any profession, you often "get what you pay for." Paying a bit more for an excellent brain injury law specialist may worth the investment.
Personality
When working with an attorney, you are putting your full faith in their hands. You need to be working with a brain injury lawyer who you trust and get along with. Paying attention to the chemistry between you, your family members (if involved) and your lawyer is particularly essential. Working with a person(s) with a head injury can take quite a bit of patience. Is your potential lawyer patient with you? Does he/she take the time to listen closely to your story about what happened and how it has affected you?
Many lawyers feature a "free consultation" session. You want to use this time to judge personality more than anything. If you have any hesitations or funny feelings about working with this lawyer (especially in your first session or two) don't hire them. It is perfectly okay to interview potential lawyers and then go on if the fit is not right. Rely on your instincts and make sure you're working with a brain injury lawyer who you have full faith in and respect for.
Willingness to Take On Your Case
If you've found someone with brain injury experience and with a good personality, the next step is to make sure that they are willing to take on your case. When you have a legal situation, you have good legal support and advice from a lawyer whom is fully determined to work with you. There are several reasons why a lawyer or attorney might not take on your case: they are too busy, you cannot afford them, they don't think you have a strong case or they don't feel confident representing you. If any of these occur, move on to another lawyer. It's terrible when you think you've found an ideal head injury lawyer but they don't want to work with you. In this situation, try to find another good head injury lawyer who is ready to take your case and support you.
Acquiring a good brain injury lawyer is a process that involves many steps. The most vital thing is to find someone with experience, who you trust and who can take on your case. Putting time and energy into getting a good lawyer will pay off in the long run.
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