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.
Charleston Mesothelioma Lawyer Located in the Appalachian Mountains and cleaved from the state of Virginia during the Civil War, West Virginia is strongly identified with logging and coal mining. After Wyoming, West Virginia is the second-largest coal-producing state in the nation. The state also has significant deposits of oil and natural gas, and Charleston, the state capital, has a long association with mining and fossil fuel extraction. In the early 1800s, before the discovery of a natural gas deposit near the city, Charleston was the focal point of the region’s salt mining industry. If you or a loved one have mesothelioma, asbestos-related lung cancer, or asbestosis, you may be eligible for a large amount of compensation. Currently, there is over $30 billion in asbestos trust funds, set up for those who have been diagnosed with an asbestos-related illness. Fill out our form to get a free Financial Compensation Packet. You’ll learn about the top mesothelioma lawyers in Charleston, how to get paid in 90 days, how to file a claim for the asbestos trust funds, and more. Charleston, Mining, and the Mesothelioma Connection Although Charleston has a diverse economy that includes government, education, and medicine in its mix, manufacturing and utilities are still key industries in the city. Several energy-producing companies, including Appalachian Power and the Mountaineer Gas Company, have headquarters in Charleston. There are also 10 power plants in and around Charleston, most of them owned and operated by Appalachian Power. These are all coal powered and provide electricity to over 1,000,000 customers in the region, including Charleston’s 51,400 residents. Though coal mining and energy production are keystones of West Virginia’s economy, those industries’ operations are connected to a dangerous family of fibrous minerals known as asbestos. Asbestos occur naturally and have many useful properties. They are fibrous and flexible, resist heat and chemical changes, and are excellent conductors of electricity. Humans have mined and used asbestos for thousands of years, but until the Industrial Revolution of the 19th Century, never in quantities that proved dangerous to human health. Though asbestos was not deliberately mined in West Virginia in the same way as in other states, the fibrous mineral was often extracted unwittingly along with coal. West Virginia has over 100 coal seams within its borders. Asbestos is not found in all of them, but many miners have been exposed to asbestos dust in mines where the coal is laced with the carcinogenic minerals. Every step of the mining process, starting with extraction and ending with crushing or grinding large chunks of coal into small ones, puts miners at risk of inhaling asbestos fibers and developing lung cancer, asbestosis, or mesothelioma cancer. Mesothelioma is a rare but fatal form of cancer caused by long-term exposure to asbestos. It gets its name because it develops in the mesothelium, the lining that covers many of the body’s vital organs. Limited exposure to asbestos rarely causes mesothelioma, but continuous, long-term and unprotected human activity where asbestos-containing materials (ACMs) are used puts workers at higher risk levels. Asbestos-related diseases take years, even decades, to fully develop, and usually they don’t become symptomatic until they have reached late stages of development. This makes malignant mesothelioma difficult to diagnose and treat. Though there are no statistics available for mesothelioma deaths in Charleston, the Environmental Working Group (EWG) ranks West Virginia as 27th in the nation for asbestos-related deaths. According to its latest statistics, between 184 and 296 persons died from mesothelioma between 1979 and 2004. These estimates are on the low side, and since new mesothelioma cases are diagnosed each year, the death count may be higher now. Mining is not the sole source of asbestos exposure in Charleston. Before the U.S. Environmental Protection Agency released its first warnings about the asbestos-mesothelioma causal link in the 1970s, asbestos and ACMs were widely used in various industries as fire retardants, insulation, or even as a strength enhancing additive in steel and iron. The military was a major purchaser of asbestos products, as were the construction, steelmaking, and power generating industries. Any factory or power plant built during the early to mid-20th Century, the peak era of asbestos use in the U.S., used large amounts of ACMs in their inner works. Pipes, furnaces, coal storage bins, work benches, and even firefighters’ clothing all contained asbestos. So did vinyl floor tiles, roofing materials, and insulation installed behind walls. Though these materials helped reduce the risk of catastrophic fire or electrical discharges, the amount of asbestos in the environment and the health problems that arose later proved disastrous. The impact of asbestos use reached beyond industrial job sites. Before the EPAs studies on asbestos spurred the federal and state government to restrict the use of ACMs in construction and other industries, asbestos was literally everywhere. Government buildings, schools, auto repair shops, airports, railway yards, and shipbuilding facilities across the U.S. contained dangerous amounts of asbestos. Since the 1980s, asbestos-abatement programs have reduced asbestos deposits significantly, and most buildings built now use substitute materials that have the same safety-enhancing properties which originally created the demand for asbestos. Nevertheless, many older homes and other structures still contain asbestos. Charleston-Area Job Sites Known to Have Asbestos Exposure Though many of these job sites have undergone modernization and asbestos abatement work in recent years, workers and maintenance personnel from previous decades may have been exposed to ACMs and are at risk of developing asbestos-related diseases. Appalachian Power Company – London Power Plant in Kanawha Appalachian Power Company – Kanawha River Power Plant in Kanawha Appalachian Power Company – Marmet Power Plant in Kanawha Appalachian Power Company – Winfield Power Plant in Kanawha E.I. Du Pont de Nemours and Co. Belle West Virginia Power Plant in Kanawha Union Carbide (Dow Chemical) Plant in South Charleston Daniel Boone Hotel in Charleston Ohio Power Company Facility in Charleston Atlas Warehouse Building in Charleston Chesapeake and Potomac Telephone Building in Charleston Kanawha Water and Light Company Facility in Kanawha Thomas Memorial Hospital in South Charleston Getting Mesothelioma Treatment in Charleston There are two major cancer care facilities in West Virginia that provide medical care to mesothelioma patients: Mary Babb Randolph Cancer Center (MBRCC) at the West Virginia University Medical Center in Morgantown and the Schiffler Cancer Center of Wheeling Hospital in Wheeling. The MBRCC in Morgantown is 156.5 miles away from Charleston, or roughly a two-and-a-half hour drive. Named for Mary Babb Randolph, who was married to the late Sen. Jennings Randolph (D-WV) and died of colon cancer in 1981, the MBRCC is a one-stop-for-everything facility designed to make patient care easy and convenient. The Cancer Center’s campus allows patients and their families not only to see each member of the health care team individually, but it also offers a variety of support services. These include a dietician, a psychiatrist, a rehab therapist, a pain management team, a financial advisor, chaplains and social workers to cover every conceivable need. MBRCC is also involved in cancer research; its research staff includes over 80 members from 33 different departments in the WVU Medical Center. The Schiffler Cancer Center in Wheeling is 178.4 miles to the northeast of Charleston, a two hour and 47 minute drive. Its parent facility, Wheeling Hospital, was founded in 1850 and provides medical services for parts of West Virginia, Ohio, and Pennsylvania. The Schiffler Cancer Center is led by a team of five radiation oncologists, including Dr. Jondavid Pollock. Treatment options provided by the Schiffler Cancer Center include: 3D Conformal Radiation Therapy Intensity Modular Radiation Therapy (IMRT) Outpatient Chemotherapy Image Guided Radiotherapy (IGRT) Clinical Trials Tumor Registry Due to its collaborative relationship with the Fox Chase Cancer Center in Philadelphia, the Schiffler Cancer Center is the only West Virginia hospital with membership in the Radiation Therapy Oncology Group (RTOG). The RTOG conducts collective cancer research and clinical trials under the aegis of the American College of Radiology. RTOG integrates surgical, radiotherapeutic and chemotherapeutic methods to treat different types of malignant cancers, including mesothelioma. Getting Legal Help in Charleston Don’t forget to fill out our form to get our free Financial Compensation Packet, filled with information on the leading asbestos and mesothelioma attorneys in your area. Keep in mind that if you’ve been diagnosed with mesothelioma, asbestos-related lung cancer, or asbestosis, you may be eligible for considerable compensation. For additional assistance, contact us at 800-793-4540.
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