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. Its 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 dont need identity confirmation when the per day remittance is within limit of 2 BTC.
Binance Features
Binances 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 Binances 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 youd 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, Binances 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 doesnt 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 locations governing regulatory bodies.
Ease of Use
Youre 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 youre 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 dont have a history. Despite all the good things people are saying on Reddit. its 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. Its 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.
Options For Holiday Trip Destinations
Boredom can quickly set in for those who never go out of town for the holidays. A total of 25 million Americans do it to get rid of the winter blues which is also a good thing for travel resorts as well as hotels as it gives their business a financial pick me up. The choices are numerous when it comes to potential winter holiday stops. A fun filled vacation is still possible even with limited finances through the affordable holiday packages most hotels and ski resorts as well as Caribbean cruises offer. There are likewise special onetime low fees that cruise lines serve up.
For those looking for winter wonderland vacations there are awesome ski resorts along the country stretching from the west in Lake Tahoe to the east in Stowe Vermont. Colorado houses many of the more famous ski resort areas. Quite a number of personalities visit the 3800 acres of Vail ski region come wintertime. The attractions range from dog sleds to ice hockey to snowmobiling to sleigh rides to cross country ski travel to helicopter skiing to bob or dog sleds. Telluride in Colorado is also becoming the alternative resort location for high end individuals.
There are great hotels providing accommodations along Beaver Creek with one even featuring 300 rooms at over 8000 feet in height plus ski lifts right outside. Copper Mountain and Keystone particularly in Breckenridge offer suitable ski resort locations within Colorado. Lake Tahoe found in northern California and Big Bear and Mammoth in the southern portion are what confront skiers in the West Coast.
Skiers do not have to pay huge resort prices to have some winter fun. The well known cross country and downhill ski locations are next to a bunch of hostels. Taos Ski Valley and Jackson Hole not to mention Killington as well as Aspen and Squaw Valley promise not to disappoint.
Finding travel destinations that youngsters will have a grand time in is a snap. Recreational activities offered by several New York hotels include baking and kite flying along with sand castle building and scavenger hunts but their food menu lists also promise tasty treats like the renowned sandwich of peanut butter and jelly. Blackberry Farm in Walland, Tennessee, located at the foot of the Smokey Mountains, has been enjoyed by holiday families for 70 years. It has woodland paths plus home furnishings reminiscent of colonial times as well as fireside meets and mountain sunrises.
People pay Walt Disney World in Florida a visit lots of times each year too to make their vacation dreams come true. For a bit of holiday twist there are the musicals and fun parades plus the blinking lights on tall evergreens and marching toy soldiers. Families with sweet teeth will enjoy a visit to Hersheypark in Hershey, Pennsylvania.
There are plenty of choices when it comes to United States places full of historic tilts and local flavors. In Virginia specifically Williamsburg travelers are treated to a Colonial American vacation complete with the 17th century Jamestown Settlement holiday commemoration by the city fathers. One hotel in Nashville hosts an annual country Christmas and a French style holiday awaits in New Orleans. The Creole Queen offers jazz cruises while local eating establishments treat tourists to rare rebellion dinners all adding to the vibrant city atmosphere. A cruise is another way to stay entertained while during the holidays. There are a lot of destination choices at most major cruising firms.
If the shopping gene didn't kick in before the holiday, then exercise while on your winter sojourn. There are plenty of luxury hotels within major cities that feature special rates for tourists so visiting remote shops is not an inconvenience. People with unlimited finances are especially welcome in San Francisco.
Travel Insurance - A Solution for a Hassle Free Journey
It is advisable to always plan your trip effectively as it will help make your journey safe, convenient and free of all tension. One of the recommended steps while planning your trip is buying a travel insurance. Travel health insurance is necessary while travelling to any part of the globe. It acts as an additional security in case you meet unforeseen emergencies. If you are not covered by travel medical insurance, any kind of personal tragedy will result in a financial burden. If you are travelling to any of the developed countries, then travel insurance is a must as the medical facilities in developed countries are very expensive and may entirely ruin your travel plan.
Overseas travel medical insurance is essential for travelers going to foreign countries since the domestic health insurance will not be of much use outside ones home country. When you travel abroad you will have enough responsibilities to worry about, do not let unforeseen emergencies be one of them. If you are secured by travel insurance you will have a hassle free journey and your trip will be one of the memorable experiences of your life. Many emergencies like trip delay, loss of checked baggage, loss of passport, delay of checked baggage, trip cancellation, trip curtailment, hijack, acts of war and terrorism, hospitalization, injuries can be covered by travel medical insurance during your travel period. Different insurance companies have designed a wide range of insurance plans to meet the specific needs of the travelers during their travel period.
Choosing among these plans is made easier for travelers online. All a traveler has to do is to fill an application form online. The traveler can then compare travel medical insurance quotes and choose any plan which satisfies their needs best. The compare tool helps the traveler to analyze the differences in the premium costs, deductibles, medical benefits, period of coverage... of the various plans provided by the different companies. The purchase process at online is very easy. The travelers can buy a policy which suits their needs. The plan's life will start and end on the dates as per the travelers choice. The transaction can be completed by making a payment online through a credit or debit card. The purchase process of an insurance policy does not require any kind of medical checkup or paper work. Though every misfortune event is not covered by overseas travel medical insurance it covers most of the unfortunate events. You need to check you travel insurance policy carefully if there are any exclusions. I
t is recommended that the traveler keeps the medical bills, boarding passes, ticket copies and receipts of other expenses made so that you can file your claim if anything goes wrong.
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