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.
Malaysia is one of the countries that is one of the favorite holiday destinations for Indonesian tourists. This is also supported because of ticket promo by airlines. So that many domestic travelers choose a vacation to Malaysia compared to domestic destinations because the price of flight tickets is the same or even much cheaper.
Besides the ticket price factor, Malaysia also has a variety of interesting attractions and tourist attractions that are a pity to miss. Malaysia is well-known as one of the countries in Asia that has diverse ethnicities, religions, and cultures. Despite the diversity, they can live side by side and peacefully. For those of you who plan to vacation in Malaysia, there are 10 tourist attractions in Malaysia that you should visit, namely:
10. Kota Bharu
Kota Bharu
Kota Bharu
Kota Bharu is often a stopover for travelers to the beautiful Islands of Perhentian. Located on Peninsular Malaysia near the Thai border, Kota Bharu offers its own unique charm, both in the form of attractions, shopping centers, and also culinary. In Kota Bharu there are many historical and cultural heritage of Kelantan with one of the famous museums is the Royal Museum. The museum offers many photos and luxurious royal artifacts and unique wooden palaces located within them.
Walk the streets in Kota Bharu, don't forget to visit Central Market which is the biggest market here. In this market, there are many colorful food and fruit sellers.
For those of you who want to enjoy water tourism, you can visit the Moon Light Beach and the Stong Mountain State Park. In both locations you can enjoy outdoor activities such as swimming, rafting and scuba diving located on Japanese shipwrecks from the Pacific War
9. Melaka
Melaka
Melaka
Holding an important position on the super busy sea route between India and China on the southwest coast of Malaysia, Melaka was contested for centuries by the governments of India, Portugal, Britain and the Netherlands. This makes the city packed so attractive by Malaysia both in terms of architecture or culture because it is a valuable cultural heritage.
Known as a mix of diverse cultures, Melaka consists of several districts, each of which has different features of attractions. Portuguese heritage is characterized by charming villas, historic churches and the remains of an old fort.
In the Chinese quarter there are Chinese temples, namely Cheng Hoon Teng temple and also one of the largest Chinese graves outside of China. The Dutch district left some Dutch heritage architecture on the east side. In addition, each cultural zone has its own traditions and festivals such as the Portuguese "Intrudu" and Chinese New Year.
8. Kuching
Kuching
Kuching
Kuching is the largest city on Borneo. Kuching is famous for tropical rainforests where tourists can track and also outdoor recreation. Regarded as the cleanest city in Malaysia, Kuching presents a unique city layout with skyscrapers and modern architecture and is surrounded by lush forests.
The city is located on the banks of the Serawak River with beautiful garden views as well as historical places such as Fort Margherita and the Astana Palace. Along the waterfront, you can find food vendors, musical fountains, observation towers and open-air theaters. You can enjoy historic Chinese temples, markets, food stalls and many antique and craft shops on Kuching's oldest streets.
7. Kota Kinabalu
Kota Kinabalu
Kota Kinabalu
As the State Capital of Sabah in Malaysian Borneo, Kota Kinabalu is a rapidly growing tourist destination because of its proximity to tropical islands, rainforests, wildlife sanctuaries, national parks and Malaysia's highest peak, Mount Kinabalu.
Commonly called KK by locals, Kota Kinabalu has a small town center that has several landmarks and also an observatory with beautiful views.
Most of KK's main attractions are outside the city such as Lok Kawi Wildlife Park, Kota Kinabalu Wetland Center and Kinabalu National Park, which offer wildlife such as proboscis monkeys, tigers, orangutans and elephants and outdoor adventures such as camping, jungle trekking, mountain climbing, white water rafting and climb the river on a cruise ship.
Just minutes from the city, you can find Tunku Abdul Rahman Park with five small islands that are ideal for snorkeling, diving, swimming and sailing. You can also visit the Monsopiad Cultural Village to experience the traditions and culture of the native Kadazan tribe.
6. Cameron Highlands
Cameron Highlands
Cameron Highlands
Cameron Highlands in the Titiwangsa Mountains is one of the oldest tourist attractions in Malaysia. Built with a charming English garden concept, this beautiful plateau offers lush scenery, colorful flower plantations, tea plantations, forests, lakes,
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