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.
ILOVEBB - Jubaidi tidak menyangka Presiden Joko Widodo kembali mencarinya di antara kumpulan masyarakat yang meminta jabatan tangan usai acara Buka Bersama Keluarga Besar Kamar Dagang dan Industri (KADIN) Indonesia.
Acara buka puasa yang dilakukan pada Senin (4/6) di Hotel Raffles Jakarta tersebut dihadiri oleh Ketua KADIN Rosan P Roeslani, Menko Bidang Perekonomian Darmin Nasution dan Menteri Perdagangan Enggartiasto Lukita menjadi ramai dengan naiknya Jubaidi ke panggung utama saat Ketua KADIN memanggilnya dalam sambutan.
"Saya ingin sekali memperkenalkan satu sosok yang menurut saya sangat-sangat luar biasa," kata Rosan saat memperkenalkan Jubaidi.
Jubaidi adalah sosok pengumpul sampah keliling di daerah sekitaran Umbulharjo, Yogyakarta yang menemukan uang sebesar Rp20.190.000 di dalam sebuah tas yang berada di dekat bak sampah.
Kakek itu merantau dari Mojokerto, Jawa Timur ke Yogyakarta sejak 27 tahun lalu.
Jubaidi membagi kisahnya menemukan uang tersebut kepada Antara.
Acara buka puasa yang dilakukan pada Senin (4/6) di Hotel Raffles Jakarta tersebut dihadiri oleh Ketua KADIN Rosan P Roeslani, Menko Bidang Perekonomian Darmin Nasution dan Menteri Perdagangan Enggartiasto Lukita menjadi ramai dengan naiknya Jubaidi ke panggung utama saat Ketua KADIN memanggilnya dalam sambutan.
"Saya ingin sekali memperkenalkan satu sosok yang menurut saya sangat-sangat luar biasa," kata Rosan saat memperkenalkan Jubaidi.
Jubaidi adalah sosok pengumpul sampah keliling di daerah sekitaran Umbulharjo, Yogyakarta yang menemukan uang sebesar Rp20.190.000 di dalam sebuah tas yang berada di dekat bak sampah.
Kakek itu merantau dari Mojokerto, Jawa Timur ke Yogyakarta sejak 27 tahun lalu.
Jubaidi membagi kisahnya menemukan uang tersebut kepada Antara.
"Tas itu isinya ada kipas angin kecil, ada pulpen, ada mantel. Memang saya kembalikan dan saya lewatkan ke Kapolsek dulu," kata Jubaidi menjelaskan usai menemukan uang tersebut, dia memberikan tas tersebut kepada Polsek Umbulharjo.
Kakek dengan dua putri itu menjelaskan banyak orang yang datang kepadanya mengaku memiliki tas tersebut. Namun sejumlah orang tersebut salah menyebutkan isi dan jumlah uang di dalam tas itu.
Selang beberapa hari kemudian, ada seorang satpam yang datang ke kantor polisi dan menjelaskan isi tas persis seperti yang ada di dalamnya.
"Yang memiliki seorang satpam. Jadi dia baru saja dapat pinjaman dari koperasi tempat kerja untuk keperluan menikahkan anaknya," kata kakek kelahiran Desa Mojokusumo, Kecamatan Kemlagi, Mojokerto.
Ternyata, insiden menemukan uang di bak sampah itu tidak hanya sekali saja dialami oleh Jubaidi.
Penemuan uang sekitar Rp20,1 juta tersebut adalah penemuan uang yang kelima kalinya oleh Jubaidi.
"Yang Rp10,5 juta saya kembalikan, yang Rp5 juta saya kembalikan, lalu Rp4,5 juta saya kembalikan dan terakhir Rp20,190 juta," jelas Jubaidi menjelaskan sebagian uang yang pernah ditemukannya.
Bahkan saat menemukan uang pertama kali dengan total Rp10,5 juta, di dalam tas temuannya juga terdapat Surat Izin Mengemudi (SIM) dan Surat Tanda Nomor Kendaraan (STNK).
Selama setengah hari Jubaidi mencari alamat yang tepat hingga dia menemukan pemilik dari surat-surat tersebut beserta uangnya.
Ketika ditanya mengapa tidak tergiur dengan uang temuannya itu, Zubaidi menjawab bahwa uang temuan itu bukanlah hak miliknya.
Kendati dengan penghasilan rata-rata Rp2,5 juta per bulan dari hasil keringat mengumpulkan sampah warga, Zubaidi tidak "silau mata" dengan harta hasil temuannya.
Ketua KADIN pun menilai pribadi Zubaidi patut menjadi teladan bagi masyarakat Indonesia.
"Saya memang kasih tahu adik saya dan anak saya begitu. Jadi ya saya juga harus menerapkan begitu. Supaya adik saya dan anak saya menerapkan kejujuran seperti saya," kata Jubaidi.
Jubaidi komitmen terhadap apa yang diajarkan kepada anak dan kerabat keluarganya.
Kebaikan yang dilakukan dengan ikhlas dan sabar pun akan menghasilkan buah manis di kehidupan. Jubaidi mengingatkan bahwa setiap individu sudah memiliki rezekinya masing-masing.
Siapa sangka dari kebaikannya tersebut, Jubaidi dapat bertemu dengan Presiden Joko Widodo, Ketua DPR RI Bambang Soesatyo dan pejabat tinggi lain.
KADIN pun memberikan uang senilai Rp50 juta dan kendaraan roda dua untuk membantu pekerjaan Jubaidi mengumpulkan sampah. Selain itu, Ketua DPR RI juga turut berderma bagi Jubaidi.
"Kejujuran itu perlu ditanam di hati saya. Itu maksud saya,"jelas Jubaidi.
Kakek dengan dua putri itu menjelaskan banyak orang yang datang kepadanya mengaku memiliki tas tersebut. Namun sejumlah orang tersebut salah menyebutkan isi dan jumlah uang di dalam tas itu.
Selang beberapa hari kemudian, ada seorang satpam yang datang ke kantor polisi dan menjelaskan isi tas persis seperti yang ada di dalamnya.
"Yang memiliki seorang satpam. Jadi dia baru saja dapat pinjaman dari koperasi tempat kerja untuk keperluan menikahkan anaknya," kata kakek kelahiran Desa Mojokusumo, Kecamatan Kemlagi, Mojokerto.
Ternyata, insiden menemukan uang di bak sampah itu tidak hanya sekali saja dialami oleh Jubaidi.
Penemuan uang sekitar Rp20,1 juta tersebut adalah penemuan uang yang kelima kalinya oleh Jubaidi.
"Yang Rp10,5 juta saya kembalikan, yang Rp5 juta saya kembalikan, lalu Rp4,5 juta saya kembalikan dan terakhir Rp20,190 juta," jelas Jubaidi menjelaskan sebagian uang yang pernah ditemukannya.
Bahkan saat menemukan uang pertama kali dengan total Rp10,5 juta, di dalam tas temuannya juga terdapat Surat Izin Mengemudi (SIM) dan Surat Tanda Nomor Kendaraan (STNK).
Selama setengah hari Jubaidi mencari alamat yang tepat hingga dia menemukan pemilik dari surat-surat tersebut beserta uangnya.
Ketika ditanya mengapa tidak tergiur dengan uang temuannya itu, Zubaidi menjawab bahwa uang temuan itu bukanlah hak miliknya.
Kendati dengan penghasilan rata-rata Rp2,5 juta per bulan dari hasil keringat mengumpulkan sampah warga, Zubaidi tidak "silau mata" dengan harta hasil temuannya.
Ketua KADIN pun menilai pribadi Zubaidi patut menjadi teladan bagi masyarakat Indonesia.
"Saya memang kasih tahu adik saya dan anak saya begitu. Jadi ya saya juga harus menerapkan begitu. Supaya adik saya dan anak saya menerapkan kejujuran seperti saya," kata Jubaidi.
Jubaidi komitmen terhadap apa yang diajarkan kepada anak dan kerabat keluarganya.
Kebaikan yang dilakukan dengan ikhlas dan sabar pun akan menghasilkan buah manis di kehidupan. Jubaidi mengingatkan bahwa setiap individu sudah memiliki rezekinya masing-masing.
Siapa sangka dari kebaikannya tersebut, Jubaidi dapat bertemu dengan Presiden Joko Widodo, Ketua DPR RI Bambang Soesatyo dan pejabat tinggi lain.
KADIN pun memberikan uang senilai Rp50 juta dan kendaraan roda dua untuk membantu pekerjaan Jubaidi mengumpulkan sampah. Selain itu, Ketua DPR RI juga turut berderma bagi Jubaidi.
"Kejujuran itu perlu ditanam di hati saya. Itu maksud saya,"jelas Jubaidi.
Hanya minta salaman
Ketika berada di panggung, Jubaidi yang ditanya ingin menyampaikan hal apa kepada Presiden Jokowi menjawab lirih; "Mau minta jabat tangan. Kalau boleh juga mau minta foto".
Begitu selesai berbincang di panggung, permintaan Jubaidi dikabulkan oleh Presiden Jokowi sekaligus foto bersama.
"Pak, bapak jujur. Doakan mudah-mudahan saya ikut begitu," kata Jubaidi menjelaskan pesan yang disampaikan oleh RI 1 dan diamini olehnya.
Kebaikan Jubaidi ternyata mencuri hati Presiden Jokowi. Setelah acara buka puasa bersama usai dan ingin kembali ke Istana Negara, orang nomor satu di Indonesia itu kembali mencari Zubaidi.
"Dua kali Pak Presiden mau foto. Malah nyari saya. Saya ya terima kasih walaupun saya hanya tukang munguti sampah, keliling ambil sampah," jelas Jubaidi.
Bisa jadi masih ada Jubaidi-Jubaidi lainnya di Indonesia. Nilai-nilai karakter seperti kejujuran, keikhlasan serta gotong royong sepertinya perlu diangkat untuk dilestarikan menjaga kedamaian di bumi nusantara.
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Ketika berada di panggung, Jubaidi yang ditanya ingin menyampaikan hal apa kepada Presiden Jokowi menjawab lirih; "Mau minta jabat tangan. Kalau boleh juga mau minta foto".
Begitu selesai berbincang di panggung, permintaan Jubaidi dikabulkan oleh Presiden Jokowi sekaligus foto bersama.
"Pak, bapak jujur. Doakan mudah-mudahan saya ikut begitu," kata Jubaidi menjelaskan pesan yang disampaikan oleh RI 1 dan diamini olehnya.
Kebaikan Jubaidi ternyata mencuri hati Presiden Jokowi. Setelah acara buka puasa bersama usai dan ingin kembali ke Istana Negara, orang nomor satu di Indonesia itu kembali mencari Zubaidi.
"Dua kali Pak Presiden mau foto. Malah nyari saya. Saya ya terima kasih walaupun saya hanya tukang munguti sampah, keliling ambil sampah," jelas Jubaidi.
Bisa jadi masih ada Jubaidi-Jubaidi lainnya di Indonesia. Nilai-nilai karakter seperti kejujuran, keikhlasan serta gotong royong sepertinya perlu diangkat untuk dilestarikan menjaga kedamaian di bumi nusantara.
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