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.
Internet College Courses enrollment has been rising at about 30% per year over the last 7 years. So why are people flocking out of the classrooms and onto the internet to get a college education?
This article is going to talk about some of the things that make internet college courses so much better than normal classroom college courses.
You learn on your time
As a college student myself, I can't tell you how much time is wasted in classrooms learning at someone else's pace. Many times the instructors ramble aimlessly without even covering material that appears on the exams anyway.
So what's the point of attending class? The instructor rambles about nonsense and I could learn more on my own. Because many classic institutions still take attendance and will actually fail you if you miss too many classes.
This is a great reason why you should consider internet college classes. There's no attendance and you can learn on your time and not your instructor's.
Student-centered learning
Many online college courses place heavy emphasis on student-centered learning by using forums and message boards to get the students involved. The instructor will oversee and moderate the forums, but in order to make a good grade you must participate on the online discussions.
This is great for many people who don't like to speak up in class. It is much easier to type out an intelligent message and communicate with individuals that are truly interested in learning. Which leads me to my last point...
Online Students are more mature
Online students are usually older, more experienced and learned in the field they are taking internet college courses for, and this provides much more intelligent and mature online discussions.
On the other end, many college students are fresh out of high school and are only attending the college campus because that is what their parents wanted them to do after they graduated.
I think today many people are interested in getting accredited online college degrees, but are worried that online college isn't right for them.
But more and more students are headed out of the classroom and onto the internet to earn their degrees.
A lot of that has to deal with the fact that classic educations is so much more time consuming than online educations, when in fact, you can get the same or even a better learning experience online.
Reason 1 The main reason online college degrees are much better than on-campus learning, is because online degrees can be custom tailored to a student. Unlike classic learning, which must offer a very broad and narrow assortment of classes, online learning can offer much more specific and narrow degrees and education.
This is great because you can truly get a custom learning experience that is specific for your intended field of expertise.
Reason 2 Another reason you can get a better education online is because you can learn at a pace that is comfortable to you. Many students in class learning environments either get slowed down by other classmates or feel like they are getting left behind.
With you managing your own time and learning capability, online college can be a much smoother and faster or slower learning experience.
Reason 3 The final reason online college is wonderful is because you will have more time to study and learn without having to commute, walk to class, or wait for your classes to start and end.
I find this the best part of online learning. When I went to a university, I felt like half of my day was already gone by the time I actually got out of one hour and a half class, just because it took 15 minutes to get there, 15 minutes to get home, and I spent 10 or so minutes waiting for the class to start each morning. On top of that, the walk to class itself took 5-10 minutes, depending on how bad parking was.
Accredited online degrees are now among the most popular type of degree around the world in which people are more and more opting for. Full-time workers as well as mothers or house wives who cannot attend brick-and-mortar colleges or university to obtain a degree certificate now do so by enrolling for an online degree program which will be very convenient for them. Time elasticity is in fact one of the many good advantages of getting your degree online.
Student of them same online school can study together online and so this make it possible for those from different countries to share the knowledge of their respective countries. They have studying materials that are always accessible to them on the internet. There is an online library for students, so they do not need to compete for textbooks reservations and other relevant study materials. The reality of class chat rooms makes online school student have the characteristic traditional university experience. Racial discrimination and bias in gender issues are the bane of traditional school which is not possible in online schools.
For you to get a good online degree certificate, you will need to enroll in a well accredited school. Find all the vital information about the school you want to attend and do not forget to know about their accreditation status. In fact, you have to do this because you not like to enroll in a school that is known to be below standard after spending lots of much effort, time and money. Accredited online degrees are received from colleges that have good accreditation status.
The government and highly reputed organization endorse accredited colleges because the regional accreditation agencies in the US usually certify the quality of education these colleges provide before they name them accredited colleges and this certification will help improve your job prospect as an online degree holder from accredited college. Accredited online colleges have been well tested and met the required standard, so you need to fine one so that you will get the quality of education you deserve.
When you are choosing an online college, remember the need for a degree from an accredited online college. Make sure that the degree you choose match with your qualification.
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