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.
27 Quotes About Strength to Persevere
Life is a funny thing.
We often tend to overestimate somethings we are capable of and underestimate others. The human mind, while great at calculations, is not so great at predicting our own potential.
However, when we need to find strength, it’s most likely that we will find it outside of ourselves. This may be in spirituality or religion, in relationships, or simply in the words of others who have come before us and faced similar struggles.
The following quotes will show you how successful people throughout history have viewed strength. What you’ll see is that their mindset and their attitude towards finding strength is what can lead them to persevere through difficulties.
Tough times are inevitable, and this is a fact many of us don’t actively try to face. But if we recognise that we are capable of doing so, and we are prepared in our attitudes and philosophy, we can grow as people and go on to push the boundaries and experience a richer and more fulfilling life.
Here are 27 quotes about strength to persevere.
You can find great strength in hardships
Have you ever heard the phrase “pressure makes diamonds?” It comes from the fact that coal, which is dark and dirty, when under pressure for a long period of diamond, turns into diamonds, one of our most valued jewels. The same is true of the human being. When we put out muscles under regular stress, they grow, when our immune system faces challenges, it becomes stronger. And when we face challenges in life, and approach them with the belief that they can make us more psychologically resilient, that’s exactly what happens.
“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.”
“The world breaks everyone, and afterward, some are strong at the broken places.”
“I believe in being strong when everything seems to be going wrong. I believe that happy girls are the prettiest girls. I believe that tomorrow is another day and I believe in miracles.”
“Life is very interesting. In the end, some of your greatest pains become your greatest strengths.”
“Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict.”
“Out of suffering have emerged the strongest souls; the most massive characters are seared with scars.”
Finding strength in love
Love is a felt sense of connection between people and things. When we feel that we are connected to others, we share burdens and we share strengths, so that ultimately we feel more powerful and capable in times of need. This is why so many people throughout history have placed such a significant importance on a greater power or the greater good.
“The Lord is my strength and my shield; my heart trusts in him, and I am helped. My heart leaps for joy and I will give thanks to him in song.”
“Believe in a love that is being stored up for you like an inheritance, and have faith that in this love there is a strength and a blessing so large that you can travel as far as you wish without having to step outside it.”
“Listen to the people who love you. Believe that they are worth living for even when you don’t believe it. Seek out the memories depression takes away and project them into the future. Be brave; be strong; take your pills. Exercise because it’s good for you even if every step weighs a thousand pounds. Eat when food itself disgusts you. Reason with yourself when you have lost your reason.”
“One’s dignity may be assaulted, vandalized and cruelly mocked, but it can never be taken away unless it is surrendered.” – Michael J. Fox
“There is a saying in Tibetan, ‘Tragedy should be utilized as a source of strength.”No matter what sort of difficulties, how painful experience is, if we lose our hope, that’s our real disaster.”
“It is good to love many things, for therein lies the true strength, and whosoever loves much performs much, and can accomplish much, and what is done in love is well done.”
“The harder you fall, the heavier your heart; the heavier your heart, the stronger you climb; the stronger you climb, the higher your pedestal.”
“We are only as strong as we are united, as weak as we are divided.”
“Being deeply loved by someone gives you strength, while loving someone deeply gives you courage.”
“It is good to love many things, for therein lies the true strength, and whosoever loves much performs much, and can accomplish much, and what is done in love is well done.”
Strength builds character
The people we meet with the most interesting personalities and the most refined values are very often those who have been through difficult times. Imagine that your character is like a piece of marble, and every tough situation is chipping away at little pieces of you that are unnecessary. With enough time, something refined and interesting will emerge. Though it is up to you to develop a positive value system that means what emerges is beautiful. Those who bear life’s suffering without guidance are at risk of falling prey to nihilism.
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ’Tis the business of little minds to shrink, but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.”
“And one has to understand that braveness is not the absence of fear but rather the strength to keep on going forward despite the fear.”
“A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles.”
“Nothing is more beautiful than the smile that has struggled through the tears.”
“All the adversity I’ve had in my life, all my troubles and obstacles, have strengthened me…. You may not realize it when it happens, but a kick in the teeth may be the best thing in the world for you.”
Strength can be learned if you put your mind to it
Many of us have the misconception that strength is an inherent trait that we can’t change. That may be true in certain physical domains, though it would be argued by behavioural scientists that we underestimate our capacity for improvement. Psychological resilience, for example, is one area that is very flexible, and through training and therapy can be changed significantly. We often see strong people and believe they were always like that, but that’s cause we’re only seeing a snapshot of their life. If we saw all the moments they’d felt weak, we would understand that they’re very much human like us.
“Make up your mind that no matter what comes your way, no matter how difficult, no matter how unfair, you will do more than simply survive. You will thrive in spite of it.”
“He who believes is strong; he who doubts is weak. Strong convictions precede great actions.”
“Man often becomes what he believes himself to be. If I keep on saying to myself that I cannot do a certain thing, it is possible that I may end by really becoming incapable of doing it. On the contrary, if I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning.”
“You have power over your mind – not outside events. Realize this, and you will find strength.”
“Anyone can give up; it is the easiest thing in the world to do. But to hold it together when everyone would expect you to fall apart, now that is true strength.”
“Courage is the most important of all the virtues because without courage, you can’t practice any other virtue consistently.”
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