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.
Pengamat ekonomi dan mantan menteri keuangan, Fuad Bawazier, mengtakan �lucu bin aneh� bila ada orang menyatakan bersedia menggantikan posisi Sri Mulyani ketika akan berdebat dengan Rizal Ramli soal utang negara. Sebab, selain dia hanya �orang swasta� (bukan pejabat negara), ajang debat atau adu data dengan Sri Mulyani soal utang itu merupakan perintah langsung Presiden Joko Widodo.
��Kalau ada orang yang menggantikan posisi Sri Mulyani untuk debat dengan Rizal Ramli apa dasarnya dia. Dia jelas bukan pejabat negara yang ditunjuk langsung oleh presiden, dan apalagi dia orang swasta. Belum lagi soal kompetensinya. Debat soal utang itu perintah Presiden Jokowi kepada Sri Mulyani. Jadi selaku menteri pembantu presiden, perintah itu harus dilaksanakan. Jadi itu aneh dan lucu ada yang menunjuk diri sendiri padahal dia bukan diperintah langsung oleh presiden,�� kata Fuad Bawazier, kepada Republika.co.d (28/4).
Pada Kamis (26/4) lalu, mantan Menteri Keuangan Rizal Ramli mengajukan permintaan untuk berdebat terbuka dengan Sri Mulyani di media. Menurut Yustinus, tawaran tersebut layak disambut hangat, terutama untuk literasi publik sehingga segala simpang siur yang ada dapat dibuat lebih terang benderang.
Yustinus yakin debat ini akan bermanfaat bagi publik dan menjadi tradisi intelektual yang baik di ruang publik. Ia pun mengaku telah dan sedang menyiapkan data dan analisis yang relevan. ''Data dan analisis tersebut siap saya paparkan dalam debat nanti,'' katanya.
Berikut Komentar Pembaca:
Naldie Nasution Dulu sy bangga dengan Sri Mulyani, karena dunia juga memberikan tempat di WB. Tp, kl dia gak berani debat dgn RR, sy jadi ragu, kl dia itu tidak sepintar yg sy duga. Atau hanya kebetulan aja bisa kerja di WB. "Ayo bu Sri tunjukan kualitas mu, atau mengakulah kl tak mampu."
Sopyan Permana Selain itu, lanjut Fuad, debat soal utang negara kini sangat penting dan tepat waktunya. Terutama untuk menjawab situasi yang terkait ekonomi negara pada sekarang ini.��Debat ini penting di tengah surat utang mulai tidak laku. Para pembeli surat utang atau investor terlihat mulai ragu untuk membelinya,�� kata Fuad Bawazier.
surat utang ga laku ....kasian
Arudji Rahman Demi mencerdaskan dan mencerahkan bangsa dan melaksanakan perintah Presiden Jpkowi, alangkah elegannya Menkeu Sri Mulyani bersedia melakukan debat publik ttg UTANG NEGARA dg lawan tanding Rizal Ramli, sama2 tehnokrat lulusan S3 universitas terkemuka AS, sama2 berpengalaman menjadi Menteri. Silahkan adu data dan analisis dgn metodologi ilmiah. Yg bukan bidang kelimuannya, apalagi pendidikan dan pengalaman yg tdk selevel tdk usah cari2 panggung, apalagi cuma krn alasan politis, suka atau tdk suka dgn Jokowi. Saatnya SMI membuktikan kehebatan dg berbagai penghargaan dan predikat MENTERI KEUANGAN TERBAIK SEDUNIA. Bkn yg sebaliknya katanya investment grade naik, tapi aneh bin ajaib SURAT UTANG NEGARA tdk lg laku?!! Inilah forum ilmiah yg terhormat, terbuka bg publik, pembelajaran bg rakyat agar semakin cerdas dan cerah.
Irwan Surya Kalo RR mmg hebat dan berkaliber internasional tentu sdh direkrut lembaga internasional; seperti SM dan Habibie. Bgmnpun Sri Mulyani lebih kredibel drpd RR yg lbh bnyk teori drpd bukti...
Maman Rukmana Satu periode hutang gila2an,udah subsidi dicabut2in.pajak tinggi.
Gimana 2 periode?
#2019GantiPresiden
Vonvhon Vtri ..Langkah cerdas Ibu Sri Mulyani yang saat ini masih menjabat Menkeu untuk tidak terjebak untuk berdebat..
Perdebatan bisa saja dilakukan oleh semua ahli ekonomi/keuangan dari seluruh Indonesia maupun dunia,termasuk mantan2.. jadi sabar saja nanti suatu saat jika Ibu Sri Mulyani sudah tidak menjabat lagi (mantan), atau setidaknya setelah pemilu 2019. kalau saat ini sangat tidak tepat waktu, "Sangat sangat cerdas"
Iin Syanaka Wkk kmrn ada yg nangtang pake data... Udh ada yg mau maju eh mlh mengkirut....
Khan Azkar Mentri terbaik dunia dalam berhutang.. Mentri terbaik terkena bujuk rayu WB..??????
Di ajak debat malah saling lempar..
Karimudin Albantani Sudah kuduga... sudah kukira... yaaa sudahlah... kalo gak siap debat masalah utang... bersiaplah #2019 kalah perang...
Saudinkoim Ketakutan Menkeu ... Keuangan dan ekonomi RI Sdh rusak tax amnesti apa kabar
Molenk kata nya mentri terbaik didunia ?
kok sampai skrg tdk ditanggapi permintaan RR
Ci M Sebutkan saja utang saya dan rakyat Indonesia berapa? Kan bayarnya bkn pake uang presiden pribadi??
Perry Aspan Ini masih menurut saya, joko wi sebenarnya emosian sebagai bawaan sifat aslinya [tragedi lempar skop] yg akhirnya lepas kontrol menantang para ekonom alias pengkritik untuk berdebat dengan menkeu terbaik se-dunia ini mengenai utang yg memang sangat sensitif pada akhirnya membuka aib si dilan bahwa terkesan yg selama ini bermotokan "kerja-kerja-kerja" ternyata tidak bisa "kerja nyata" sesuai nawacita serta ingkar janji janji saat kampanye kemaren.
Pokoknya tidak dalam waktu dekat debat ini bakal terlaksana, karena sampai saat ini sri mulyani masih "bersembunyi" tersiar kabar ada sosok yg ingin menjadi pahlawan kesiangan akan mengantikan posisi si ratu pajak, selain lucu pahlawan kesiangan ini agaknya ingin cari nama.
Jika debat ini terjadi, misalkan lah bung Rizal Ramli yang akan maju mewakili rakyat Indonesia sebagai lawan sri mulyani, tentu akan sangat menentukan tingkat kepercayaan publik terhadap kemampuan rezim joko wi, seandainya debat ini tidak terjadi pun akan menilai ucapan joko wi hanya sebuah retorika belaka alias pepesan kosong, atau bisa saja seagai pengalihan isu.
Intinya debat ini bagaikan buah simalakama kepada joko wi, menjadikan sebuah kutukan kepada si doi, atau sebagai petanda #2019GantiPresiden menjadi kenyataan.
Fareweli #2periode, Welcome #2019PresidenBaru
Ahmad Antoni Kalau mau tau tentang bu Sri Coba baca mafia Barkeley tulisan kwik kian gie... Benar apa tidak wallahualam... Tapi masuk akal
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