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.
Know About the Facilities Covered in Cruise Insurance
Are you planning to travel by sea in a cruise liner or any other mode? Then you must be worried about natural disasters or storms ruining your trip badly. People traveling by sea are often faced with critical situations in their journey where they have to cut short their trip and come back. This is where you need a cruise travel insurance to get the trip covered.
Sometimes, you get your trip insured by the same company that owns the cruise. Again, you can also avail your cruise insurance from some other companies as well. The cost of the insurance policy depends on the duration of the travel.
The different facilities covered in cruise insurance
When you get your cruise confirmed, just be sure what you actually want to be covered. Then decide on the kind of insurance you want to purchase. Some of the facilities that are included are:
Cruise Line or Third-Party Insurance: The insurance policy provided by most of the cruise liner is secondary and is mostly paid in the form of cruise credits instead of cash. These insurances do not often offer you the same benefits like outside insurance.
Trip Cancellation: If you cancel your trip because of any unforeseen situations or if you cannot travel because of reasons included in the policy, you are more likely to get the entire amount of your trip cost back.
Medical Evacuation: Suppose you are traveling in a cruise, you fall sick and you have to be airlifted or have to be carried away by an ambulance from the pier. This involves a lot of costs and this is where you need cruise insurance for yourself.
Flight Delay and/or Cancellation: This facility falls under the category of "Travel Delay" and different companies have different policies for that.
Choose the right insurance provider
When you are about to get your cruise insurance for your trip, it is very important that you do some research before you actually get your trip insured. You should know what kind of insurance you want. Then find the suitable insurance provider who can provide you cheap insurance policies. The best way to do so is to go online and look for companies who offer direct travel insurance without any travel agents as moderators.
The Best Ways to Enjoy a Trip to Fiji
Fiji has been a travel destination since it was discovered, with good reason. It's a magical place, the archetype for almost all South Sea Island stories since European discovery. There are so many ways of enjoying Fiji, but here are some of the best, so grab some cheap travel insurance and come and explore.
Island tours
Fiji is actually a group of islands. There are two large islands, Fiji itself and Vanua Levu to the north east. Like many island groups, the islands are pretty diverse. Each has its own character and its special places. The island tours are done in the best style, plenty of comfort, good food, and luxury, the kind that makes you want to extend the trip by a few years.
Traveling around the islands is quite an experience, and the Fijians, knowing a good thing when they have one, have added on a lot of other experiences to go with it. Scuba diving, water skiing, swimming, reefs trips, bamboo rafting, jet skiing, inland exploration, there's a seemingly never ending range of things to do and see. It's the sort of place where you have to be conscientious and come back at least five or six times to make sure you haven't missed anything.
Cultural tours
Fijian culture is a whole experience of itself. The old stories of South Sea paradises did less than justice to the cultures of the Pacific, and most tourists to Fiji are usually stunned by what they discover about the history of the islands.
For example, did you know that the history of Fiji goes back 3,700 years? That some traditional Fijian buildings have the same roof design as Swiss chalets? Or that the local name for Fiji is "Viti", meaning "Sunrise", and they call themselves Kai Viti, the People of the Sunrise? These are just the basics, wait until you hear the stories.
A beach, some peace, and a stroll around paradise. If you just want to wander around on beaches and park yourself in a nice place with your feet up, that's fine, just make sure you have fun. If you want to see everything, and explore the islands from top to bottom, do it. Fiji is a tourist destination that knows how to be a tourist destination. Even the big expensive cruise lines have got that message. Fiji is the sort of place they like to stop for a while, too. You don't have to rush around on schedules at all, if you don't want to, just stroll around.
There's one thing about Fiji which any experienced traveler will appreciate. For a world famous tourist destination, the Fijians manage to keep everything nicely out of the way and under control. This is a low-pressure, low- maintenance tourist hot spot. You can do everything at your own pace.
You can swim in real "crystal waters", on countless beaches, go snorkeling among the shallows, or check out the nice comfortable beach houses. The best option: Grab a plane and some full coverage travel insurance, and check it all out for yourself.
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