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.
The Nias Islands is located west of Sumatra Island with an area of 4,624 square kilometers. The island inhabited by the Nias tribe or better known as Ono Niha is still very thick with megalithic culture. In addition, you will also be offered to enjoy the best natural charm this island has to offer. As long as you know, one of the tours to surf is in the list of 10 places to surf in the world. You will also be spoiled with stunning natural exoticism and will certainly make you feel at home visiting here.
On Nias Island you will also be able to witness the Megalithic heritage houses in Orahili Village. You can also see traditions that are the treasures of the country's culture, one of them is the tradition of Jumping Stone and War Dance that you only find on Nias Island. Well, the following article will discuss about the 4 best tourist attractions in Nias Islands. Come on, let's look at the following review.
1 Beach Sorake
source: http://gardanasional.id
Sorake Beach is the most beautiful tourist beach on Nias Island. Many of them make this tour a favorite for visitors. This beach is located in Teluk Dalam District, South Nias Regency, North Sumatra. You will play waves that will test adrenaline. The waters on this beach are indeed famous for their large waves, and are very suitable for surfing. You can surf as you like with the sensation of a good wave. In fact, surfers from overseas every year routinely come to join the surfing competition on this beach.
2Beach Lagundri
Source: https://backpackerjakarta.com
This beach is directly facing the Pacific Ocean which certainly makes waves in this coastal waters very large. For those of you who like to surf this is a suitable place for you to make a tourist destination. The sensation of big waves will increasingly test your adrenaline because this beach also meets the bay which will make the waves even bigger. Lagundri Beach is also included in the list of 10 best places to surf around the world. Waves in this coastal waters have a height of 7 to 10 meters with five levels. This beach also holds a world-level surfing competition every year that brings surfers from all over the world. In addition, you will also enjoy the white sand with the best sunset views on Nias Island.
3Beach Laowomaru
Source: http://yettyratnasari.blogspot.co.id
Lowoamaru Beach does not have big waves like the two previous beaches. Though this beach is directly adjacent to the Indian Ocean. The waves in this coastal waters are relatively calm so you can enjoy it by swimming. This beach is famous for its beauty and naturalness which is still very clean. Surrounded by various kinds of green trees that are very shady so that the air on this beach is very fresh and comfortable. You will feel the sensation of the natural charm of this beach with the expanse of the patih's navel and the marvelous exoticism of the sea.
4Beach Gawu Soyo
Source: https://backpackerjakarta.com
Gawu Soyo Beach is famous for its uniqueness because the sand is pink. You must be curious right? This beach is located in Ombolata Village, Afulu District, North Nias Regency. This beach does not have large waves of dozens of meters like the waves on Sorake Beach and Lagundri Beach. However, what is typical of this beach is the color of the sand and also the presence of turtle species which are included in rare species in the country. The visitors usually enjoy the natural atmosphere of the beach awake and while adventuring along the coast and are friendly with turtles here. You are guaranteed to be satisfied when visiting here. Play your lens by posing with this rare turtle and capture the unique beach sand.
In addition, you can enjoy the complete facilities offered by Gawu Soyo's beach. You will also be found with traditional traditional houses of Tumori and Bawomataluo villages which are the cultural riches of the country. You can even stay at the traditional house while witnessing the tradition of traditional stone jumping and traditional dance in Nias. Interesting isn't it, this beach is complete with beautiful nature and also the richness of culture that is the identity of Nias Island.
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Kemerdekaan adalah hak segala bangsa
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