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.
24 Quotes About Travel To Inspire Your Next Vacation
It’s funny how we see travel in the modern world.
We talk about the travel bug as if it’s a new phenomenon, but the exploratory instinct goes back as far as our Neolithic ancestors.
So it’s no surprise that for many of us, travel is not only a meaningful hobby, but the experience that we orientate our work lives around. We use vacations for motivation, to recharge, for connecting with people we love, and to understand ourselves and the world.
If you’re looking to go on a holiday, and you’ve been bitten by the travel bug, it can be exciting and inspirational to read what others have said about their expeditions.
So, whether you’re ready for a safari tour in Africa, a hike in Peru, or you’d like to spend hours wandering the streets of Barcelona, this post is for you.
24 Quotes About Travel to Inspire Your Next Vacation
Why do we travel
There are many reasons why one may travel. You may be motivated by the curiosity of wanting to see new worlds, the boredom of the life you’re living, or just a need to recharge your batteries in a novel environment. The beauty of travel, then, is that there are as many motivators as there are potential experiences. Travel nowadays is a lot more smooth and clinical than it was a hundred years ago. There are billion dollar industries built on providing infrastructure that makes sure your vacation goes smoothly, but when we have an eye-opening experience in a new land, even if only for a second, we’re able to connect to the words of writers who lived hundreds of years ago.
“All that is gold does not glitter. Not all those who wander are lost.”
“Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one’s lifetime.”
“The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.”
“The journey itself is my home.”
“The world is a book, and those who don’t travel only read one page.”
“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines, sail away from the safe harbor. Catch the trade winds in you sail. Explore. Dream. Discover.”
“There’s something about arriving in new cities, wandering empty streets with no destination. I will never lose the love for the arriving, but I’m born to leave.”
“To get away from one’s working environment is, in a sense, to get away from one’s self; and this is often the chief advantage of travel and change.”
“A man travels the world over in search of what he needs and returns home to find it.”
The benefits of travel
There are dozens of benefits of travel. If you live in a big city, for example, you may not be able to spend enough time in the wilderness to feel like you’re really connected to nature. On the other hand, travel can be a wonderfully existential experience, and it can open your eyes to new and interesting perspectives. Being in an entirely new place can paradoxically teach us a lot about our home, how we relate to it, and what we feel about ourselves.
“Travel brings power and love back into your life.”
“Though we travel the world over to find the beautiful, we must carry it with us, or we find it not.”
“What you’ve done becomes the judge of what you’re going to do – especially in other people’s minds. When you’re travelling, you are what you are right there and then.”
“Travel is fatal to prejudice, bigotry, and narrow-mindedness.”
“Travel makes one modest. You see what a tiny place you occupy in the world.”
“A man of ordinary talent will always be ordinary, whether he travels or not; but a man of superior talent will go to pieces if he remains forever in the same place.”
“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”
The Nomad
The last ten years have seen an explosion in travel amongst the global middle class. Our digital economy allows millions of people to work online and travel long term. The spirit of the nomad is in many of us, despite our job, and it is an extraversion towards new places and experiences. Hollywood has explored the nomad archetype in movies such as Eat, Pray, Love, Into The Wild, and Seven Years in Tibet, and their popularity is a true testament to the spirit of travel that inspires so many of us!
“Once you have travelled, the voyage never ends, but is played out over and over again in the quietest chambers. The mind can never break off from the journey.”
“We wanderers, ever seeking the lonelier way, begin no day where we have ended another day; and no sunrise finds us where sunset left us. Even while the earth sleeps we travel. We are the seeds of the tenacious plant, and it is in our ripeness and our fullness of heart that we are given to the wind and are scattered.”
“Not until we are lost do we begin to understand ourselves.”
“Now more than ever do I realize that I will never be content with a sedentary life, that I will always be haunted by thoughts of a sun-drenched elsewhere.”
“For the born traveller, travelling is a besetting vice. Like other vices, it is imperious, demanding its victim’s time, money, energy and the sacrifice of comfort.”
“The very basic core of a man’s living spirit is his passion for adventure. The joy of life comes from our encounters with new experiences, and hence there is no greater joy than to have an endlessly changing horizon, for each day to have a new and different sun.”
“Do we really want to travel in hermetically sealed popemobiles through the rural provinces of France, Mexico and the Far East, eating only in Hard Rock Cafes and McDonalds? Or do we want to eat without fear, tearing into the local stew, the humble taqueria’s mystery meat, the sincerely offered gift of a lightly grilled fish head? I know what I want. I want it all. I want to try everything once.”
“Travel and change of place impart new vigor to the mind.”
“And if travel is like love, it is, in the end, mostly because it’s a heightened state of awareness, in which we are mindful, receptive, undimmed by familiarity and ready to be transformed. That is why the best trips, like the best love affairs, never really end.”
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article from :keepinspiring.me
The post 24 Quotes About Travel To Inspire Your Next Vacation appeared first on Kreasiq.
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