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.
Yogyakarta will indeed be endless if you review the wealth of the city titled 'Special Region'. Not only is it rich in culture, art and local wisdom, but Yogyakarta also saves many tourist attractions that are no less amazing than other cities. One type of tourist spot most targeted by young people to date is the beach.
Yogyakarta is known as a city that has dozens of beaches, both white sand beaches and black sand. Among several beaches, Pantai Baron is one of the beaches that still has a place in the hearts of visitors. Not a few visitors to this place who come from outside the city or even from guests from abroad.
Baron Beach is located in Kemandang Village, Kec. Tanjungsari, Gunungkidul, Yogyakarta. To travel to this location, you need to pass a journey of approximately 1 hour with a distance of approximately 40km from the center of Yogyakarta.
Entrance Ticket Prices at Baron Beach
For access to the location of the Baron Beach is very affordable, visitors only need to spend Rp 10,000, - / person. By paying for the ticket, visitors not only can enjoy Baron Beach, but also can explore the other three beaches that are still in one area such as Kukup Beach, Sundak Beach, and Krakal Beach.
If visitors bring a private vehicle, they will be charged Rp. 5,000 for four-wheeled vehicles and Rp. 2,000 for two-wheeled vehicles.
Route to Location to Baron Beach
If you are from Yogyakarta, there are several alternative routes to Baron Beach. The following routes can be skipped:
Through Piyungan, Jogja
Patuk-Sambipitu-Bunder Forest-Tugu BPD Roundabout, Jl.Lingkar Selatan-Jl. Girisubo-Wonosari- Jl. Saptosari-Tepus-Pantai Baron
Through Imogiri, Jogja
Panggang-Jl. Saptosari-Tepus-Follow directions to Baron Beach
Whereas if you are from outside Yogyakarta, you can head towards Giwangan Terminal. From the crossroad take to the south towards Jl. Imogiri. From there you will get many road directions to get to the Gunungkidul area where the Baron Beach is located.
Tourism Object on Baron Beach
Baron Beach is still the right tourist destination because in this place visitors can not only enjoy the natural scenery and cool atmosphere on the beach, but visitors can also enjoy a variety of culinary dishes. Besides that, there also has many interesting spots that can be accessed by visitors for just photo hunting or just enjoying the beauty.
As discussed above, Baron Beach not only has a beach that visitors can use to enjoy the scenery, but here also has many interesting places that can be enjoyed such as:
1. Gulf and River
baron beach
This bay comes from an underground river. The flow of water released is so heavy that visitors can play as much as they want towards the sea. The water here is very fresh but still looks fresh because it is very clear, coupled with the presence of hills in this area that can be utilized to see the beauty of this white sand beach from a height.
2. Lighthouse
baron beach
One interesting spot that other beaches do not have is 'lighthouse'. Here visitors can see the natural beauty around the coast from a height.
3. Fishing Boat
The rows of fishing boats on the beach are often used by visitors to take pictures because of the attractive design of the ship.
baron beach
4. Culinary
It's not enough just to be pampered from the scenery and unique spots in it, this beach full of white sand also offers many seafood choices. There are stalls that sell a variety of menus such as crabs, snapper, shrimp, cob, tiger shrimp, and many others.
baron beach
Visitors can choose for themselves the fish they want to eat, not even a few of the stalls there that give visitors the freedom to choose their own fish. This is what makes both local and foreign tourists feel at home to linger at Baron Beach, besides being given a beautiful view, they can also enjoy fresh fish caught directly from the sea.
If you feel interested in visiting the beach in Gunungkidul, Yogyakarta, take the time to visit Baron Beach in Kemandang Village, Gunungkidul. There is not only the beauty of the scenery that you can get, but when you go home you will also get a sensation from pampering your stomach that will not be found anywhere else.
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