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.
What is mesothelioma? Mesothelioma is a cancer affecting the mesothelial cells which cover most internal organs. There are two main types of mesothelioma; pleural and peritoneal. In 2014, 759 new cases of mesothelioma were diagnosed in Australia, and it is more common in older men. In 2015, there were 675 deaths caused by mesothelioma in Australia. Pleural mesothelioma This is a type of cancer that starts in the membrane that covers the lungs. Although it develops in the chest and involves the lining of the lungs, it is not a lung cancer and it is treated differently to lung cancer. Pleural mesothelioma is the most common type of mesothelioma, and accounts for about 90% of all mesotheliomas. Symptoms of pleural mesothelioma The main symptoms of pleural mesothelioma include: shortness of breath – which usually worsens with activity or when lying down chest pain or pain in the shoulder and upper arm loss of appetite, weight loss persistent cough or a change in a person’s usual cough heavy sweating, particularly at night. Early signs of pleural mesothelioma are similar to other conditions and diseases, however, if you think you have been exposed to asbestos, talk to your doctor. Peritoneal mesothelioma The other main type is peritoneal mesothelioma, accounting for about 10% of cases. It develops in the lining of the abdomen. Symptoms of peritoneal mesothelioma The main symptoms of peritoneal mesothelioma include: swollen or painful abdomen loss of appetite nausea fever bowel or urinary problems. Less commonly, mesothelioma begins in the membrane around the heart or the reproductive organs. Growths form which gradually grow and spread to surrounding areas. Rarely, a person may develop mesothelioma in more than one place. Top Causes of mesothelioma The only known cause of mesothelioma is exposure to asbestos. It can take many years after being exposed to asbestos for mesothelioma to develop. Sometimes mesothelioma is linked to previous radiotherapy to the chest. Diagnosis for mesothelioma Tests to diagnose mesothelioma may include: Blood tests Blood tests can check your overall health and how your blood cells, liver and kidneys are working. X-ray X-rays can help identify any abnormalities in the lungs, thickening of the pleura or fluid in the space between the lungs and the chest wall. X-rays will also help identify fluid in the abdomen. CT scan CT scans produce three-dimensional pictures of several organs at the same time and can also scan chest lymph nodes. CT scans may also be used to see if the mesothelioma has spread to other locations. Biopsy A biopsy is when a sample of pleural or abdominal tissue is removed for examination under a microscope. It is the main procedure used to diagnose pleural mesothelioma, and can be taken in two ways: via VATS (Video-assisted thoracoscopic surgery), a type of keyhole surgery; or via CT-guided core biopsy, which is done under a local anaesthetic using a needle guided by a CT scan. Draining fluid from the pleura This can be done to relieve symptoms of breathlessness caused by pleura leaking into the pleural cavity (called pleural effusion), and in some instances, to diagnose pleural mesothelioma. People with peritoneal mesothelioma may have fluid in the abdomen (called peritoneal effusion), causing swelling and pain. Using an ultrasound scan to guide the doctor, the fluid is drained via a needle inserted through the chest wall into the pleural cavity or into the abdomen. A sample of the fluid is then sent to a pathologist for testing. Mesothelioma can be difficult to diagnose as the cells can look similar to other types of cancer cells. Combining results from fluid samples with information from an x-ray and CT scan can provide an acceptable level of certainty of a diagnosis. If mesothelioma is diagnosed, further tests are usually done to find out if the disease has spread to other parts of the body, such as CT scans; FDG-positron emission tomorgraphy (FDG-PET); mediastinoscopy (used to examine and sample lymph nodes at the centre of the chest); or endobronchial ultrasound (EBUS). Top Treatment for mesothelioma Active treatment Although there is currently no cure for mesothelioma, active treatment is recommended for some people. This can include chemotherapy, radiotherapy or surgery, or a combination of these treatments. It can help some people to achieve a longer period of control over the disease. Chemotherapy Chemotherapy drugs aim to destroy cancer cells while causing the least possible damage to healthy cells. The most commonly used chemotherapy drugs for treating pleural mesothelioma include pemetrexed with cisplatin or carboplatin. Chemotherapy is given directly into the abdomen for people with peritoneal mesothelioma. Radiotherapy Radiotherapy, the use of x-rays to kill or damage cancer cells, can be used at different stages of pleural mesothelioma and in different ways. For example, it can relieve symptoms such as pain caused by tumours, and it can be given after chemotherapy or surgery, to help kill remaining cancer cells. Radiotherapy is rarely used to treat peritoneal mesothelioma. Surgery There are two main types of operations considered for actively treating pleural mesothelioma: extrapleural pneumonectomy (PPE), which removes the tumour and the pleura, the affected lung, the diaphragm and a portion of the lining of the heart; or a pleurectomy with pulmonary decortication (P/D), which removes the pleura and as much disease as possible. In contrast, surgery is generally not an option for peritoneal mesothelioma. When it is an option, the lining of the abdomen is removed in a procedure called a peritonectomy. Treating symptoms When mesothelioma is diagnosed at an advanced stage, the main goal of treatment is to manage the symptoms and keep them under control as long as possible. Treatments can include surgery to improve breathlessness caused by fluid build-up. VATS (video-assisted thoracoscopic surgery) and involves removing some of the lining of the chest wall and lung. During the procedure, sterile talcum powder is injected into the pleural cavity, causing inflammation that closes the pleural cavity and helps prevent fluid from building up again. More extensive open surgery can also be undertaken to drain fluid build-up in the lungs, or to relieve pain in the chest. For people not suitable for VATS or open surgery, an indwelling pleural drain may be used, which allows fluid to be drained 1-2 times a week, depending on how quickly the fluid builds up again. The treatment team will discuss with the person, suitable treatment options to assist with other symptoms such as sleeplessness, pain, fatigue, loss of appetite and weight loss. Treatment team If you are diagnosed with mesothelioma you will be cared for by a range of health professionals, which may include: GP who is responsible for your general health and works with your specialists radiologist, who specialises in reading chest x-rays, CT scans and other scans respiratory physician, who investigates symptoms, is involved in diagnosis and determines initial treatment options interventional radiologist, who uses CT scans to guide needles and other instruments for draining fluid and removing tissue for diagnosis pathologist, who examines cells and tissues under a microscope thoracic surgeon, who conducts some biopsy procedures, and performs surgery medical oncologist, who prescribes and coordinates chemotherapy treatment radiation oncologist, who prescribes and coordinates the course of radiotherapy palliative care team, who assist with control of symptoms as well as offering a range of support services nurses, who support you through all stages of your treatment other allied health professionals, including dietitian, physiotherapist, social worker and occupational therapist.Top Palliative care In some cases of mesothelioma, your medical team may talk to you about palliative care. Palliative care aims to improve your quality of life by alleviating symptoms of cancer. As well as slowing the spread of mesothelioma, palliative treatment can relieve pain and help manage other symptoms. Treatment may include radiotherapy, chemotherapy or other drug therapies. Screening for mesothelioma There is currently no screening for mesothelioma available in Australia. Prognosis for mesothelioma It is not possible for a doctor to predict the exact course of a disease, as it will depend on each person’s individual circumstances. However, your doctor may give you a prognosis, the likely outcome of the disease, based on the type of mesothelioma you have, the test results, the rate of tumour growth, as well as your age, fitness and medical history. In general, the earlier cancer is diagnosed, the better the outcome. However, mesothelioma is often diagnosed once it has advanced, as often the early symptoms can go unnoticed. Although it is more difficult to treat advanced cancer successfully, it may be possible to keep the disease under control for months or years, and quality of life can be improved by relieving the symptoms. Preventing mesothelioma Reducing your exposure to asbestos is the most likely way to lower your risk of mesothelioma, whether at work or in the home. Australia has a code of practice on managing and controlling asbestos (www.safeworkaustralia.gov.au). Source Copy edited from Understanding Pleural Mesothelioma, Cancer Council Australia © 2015. Last medical review of source booklet: June 2015. Australian Institute of Health and Welfare (AIHW) 2017. Cancer in Australia 2017. Cancer series no. 101. Cat. no. CAN 100. Canberra: AIHW. Top For more information Reduce your risk fact sheets Coping with a cancer diagnosis Treatment Booklets Understanding Mesothelioma - Download (PDF) View more Cancer Booklets including information on surgery, chemotherapy and radiotheraphy. Includes additional information on treatment, making decisions around treatment and managing side effects and symptoms of mesothelioma treatment. Also included, detailed information on looking after yourself during and after treatment, and links to both professional and community support. It has additional information about compensation related to asbestos exposure that may be applicable to some people who are diagnosed with pleural mesothelioma. How you can help You can support Cancer Council by: volunteering your time participating in an event or making a donation to help fund our cancer research, education and support services.
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