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.
Sejumlah negara peserta Piala Dunia 2018 baru saja usai melaksanakan serangkaian uji coba sebagai persiapan sebelum berlaga di Rusia, Juni mendatang, namun ternyata hasil yang mereka dapatkan tak sesuai dengan harapan.
Ada beberapa negara yang harus puas dengan hasil imbang atau bahkan kalah dengan skor yang cukup telak. Negara mana sajakah yang harus berbenah dan segera memperbaiki performanya sebelum berlaga di turnamen empat tahunan tersebut? Berikut penjabarannya.
6. Islandia
Islandia menjadi tim yang cukup mencuri perhatian di sepanjang babak kualifikasi, mereka berhasil tampil konsisten dan meraih tujuh kemenangan, satu hasil imbang dan hanya menelan dua kekalahan dari 10 laga yang dimainkan.
Hal tersebut kemudian membuat Gylfi Sigurdsson dan kawan-kawan dipastikan lolos ke Rusia sebagai juara grup 1 zona Eropa. Namun di laga uji coba pekan lalu, skuat asuhan Heimir Hallgrimsson gagal meraih kemenangan dan harus takluk dengan skor 1-3 dari Meksiko dan juga 1-3 dari Peru.
Situasi ini jelas membuat Islandia harus segera memperbaiki performa jika ingin melaju jauh di Piala Dunia 2018, selain karena Piala Dunia tahun ini menjadi partisipasi yang pertama, mereka pun akan berada di grup D bersama Argentina, Kroasia, dan Nigeria.
5. Panama
Sama dengan Islandia, Piala Dunia 2018 juga akan menjadi Piala Dunia perdana bagi tim nasional Panama. Di babak kualifikasi, mereka sukses lolos setelah menempati peringkat tiga klasemen akhir zona CONCACAF.
Namun di laga uji coba yang berlangsung pada 23 dan 28 Maret, mereka harus takluk dari Denmark dengan skor tipis 0-1 dan juga dilumat Swiss enam gol tanpa balas.
Hal ini jelas membuat skuat asuhan Hernan Dario Gomez harus segera bangkit dan meningkatkan performa, pasalnya di Rusia nanti mereka tergabung dengan grup yang cukup sulit, yakni di grup G bersama Tunisia dan dua tim kuat Eropa, Inggris dan Belgia.
4. Rusia
Rusia nampaknya akan menjadi tim yang mencuri perhatian di Piala Dunia 2018, pasalnya mereka berstatus sebagai tuan rumah.
Namun ternyata skuat asuhan Stanislav Cherchesov gagal menampilkan performa meyakinkan di jeda internasional pekan lalu, pasalnya Alan Dzogaev dan kawan-kawan menelan kekalahan telak dari dua negara unggulan, yakni Brasil dan Prancis.
Rusia kalah 0-3 dari Brasil dan empat hari berselang mereka juga harus menelan kekalahan dari juara Piala Dunia 1998, Prancis dengan skor 1-3.
3. Jerman
Jerman sepertinya menjadi negara yang juga kerap berbicara banyak dalam setiap gelaran Piala Dunia, bahkan terakhir Thomas Muller dan kawan-kawan tampil perkasa di Brasil dan akhirnya mampu menjadi juara di tahun 2014.
Menampilkan performa gemilang di babak kualifikasi, membuat Der Panzer kembali diunggulkan untuk mempertahankan gelar. Sayang di laga uji coba pekan lalu, skuat asuhan Joachim Low harus bermain imbang 1-1 kontra Spanyol dan juga takluk 0-1 dari Brasil.
Jerman jelas harus segera memperbaiki performanya, selain berstatus sebagai juara bertahan, mereka pun tergabung dalam grup F bersama Meksiko, Swedia, dan tim yang kerap memberikan kejutan, Korea Selatan.
2. Portugal
Portugal menjadi salah satu tim yang cukup diunggulkan dalam setiap edisi Piala Dunia, terlebih skuat mereka juga dihuni oleh sejumlah pemain berkualitas, sebut saja Andre Silva, Andre Gomes, dan tentu saja sang megabintang, Cristiano Ronaldo.
Namun ternyata di jeda internasional pekan lalu, mereka gagal menampilkan performa maksimal dan harus mengakui keunggulan Belanda dengan skor telak 0-3. Sebelumnya, skuat asuhan Fernando Santos juga susah payah mengatasi perlawanan Mesir dan hanya mampu menang tipis 2-1.
Perubahan jelas harus dilakukan Portugal jika ingin mengawinkan gelar Euro yang mereka dapatkan di tahun 2016 lalu. Tak hanya itu, Jose Fonte dan kawan-kawan juga tergabung dalam grup yang sulit, yakni grup B bersama Maroko, Iran, dan Spanyol.
1. Argentina
Argentina jelas menjadi tim yang harus paling banyak berbenah sebelum berpartisipasi di Rusia. Lionel Messi dan kawan-kawan meraih hasil yang cukup mengecewakan di jeda internasional.
Meski sempat menang 2-0 kontra Italia, di laga uji coba kedua, Gonzalo Higuain dan kawan-kawan dipermalukan salah satu rival terkuatnya, Spanyol dengan skor telak 1-6. Hal ini pun membuat manajer tim, Jorge Sampaoli harus bekerja keras untuk meningkatkan performa tim.
Tak berhenti sampai di sana, perjalanan Albiceleste pun memang terlihat tak meyakinkan sejak babak kualifikasi, bahkan kelolosan mereka ke Rusia juga harus ditentukan melalui babak playoff.
Sumber : 90min.com
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