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.
Walaupun sudah lama tidak muncul di kaca televisyen, isteri kepada Fizz Fairuz iaitu Almy Nadia kini sedang hamil dan bakal menimang cahaya mata yang ketiga. Oleh sebab keadaannya itu, muncul pula seorang individu yang dianggap sebagai peminat telah menghina bentuk badan beliau secara terbuka.
7 Debit Cards That Still Offer Rewards
J.B. Maverick
August 29, 2018 — 2:15 PM EDT
Blame the federal government for putting the kibosh on debit card rewards. Laws that limit how much banks can charge for debit card transactions have removed banks’ ability to hand out rewards for spending money you already have. Although the restrictions on previously very profitable interchange fees led many card issuers to discontinue or significantly scale back debit card rewards programs, in 2018 there are still some debit cards that offer rewards.
1. Discover Bank Cashback Checking
Remember the Discover Card? Discover Bank – yes, the same company that offers the Discover credit card – has a checking account with no monthly fees, access to more than 60,000 ATMs worldwide, free check reorder, free official bank checks and more. It also offers 1% cash back on any debit card purchases of up to $3,000 per month.
2. Bank of America BankAmeriDeals Program
Online or mobile banking customers of Bank of America Corporation have access to the BankAmeriDeals program, which offers up to 15% cash-back rewards on Bank of America debit card purchases made at a variety of retailers, including gas stations and restaurants. In order to access cash-back rewards, cardholders must remember to activate a card deal at the bank's online website prior to making a purchase. The BankAmeriDeals program is available to all Bank of America mobile banking and online banking clients.
3. Bank of Internet USA CashBack Checking
Did you know there was a Bank of Internet USA? You should, because its cashback checking account comes with a debit card that gives you 1% cash back on all purchases. You also pay no monthly maintenance fees and no annual fee, and it's free to bank online – because how else would you bank at Bank of the Internet USA?
4. American Express Serve Cash Back Card
The Serve Cash Back Card from the American Express Company is one of the few prepaid debit cards that has a rewards program. The card offers a flat 1% cash-back reward on purchases made at either retail stores or online. This American Express card has features usually associated with debit cards linked to checking accounts, including online bill payment and mobile deposits. The card comes with a $5.95 annual fee, but there’s no limit on your rewards, unlike other cards. Before you start earning actual rewards you have to make $595 in purchases to pay for the $5.95 annual fee.
5. KeyBank Relationship Rewards Program
KeyBank offers its checking account customers access to the bank's Relationship Rewards program, through which KeyBank debit card users can earn points on purchases and convert them into cash rewards at the rate of $25 for every 12,500 points earned. Cardholders earn one point for every $6 in debit card purchases, and 100 points for transactions such as online bill payments and mobile deposits. You're even awarded 500 extra points on your birthday. Members of the Relationship Rewards program can sign up for shopping deals that offer extra rewards and discounts. One drawback is the annual fee, which can be as high as $40 in some states.
6. Chase Disney Visa Debit Card
The Chase Disney Visa debit card has a number of commendable features, including having no annual fee. However, the card is restricted to checking account customers of Chase Bank, the consumer banking division of JPMorgan Chase & Company, excluding high school and access checking accounts. This card offers a number of shopping and vacation discounts related to the Disneyland and Walt Disney World resorts, including 10% off on purchases of $50 or more from the Disney Store, and a 10% discount at certain restaurants at the two resort parks.
7. PayPal Business Debit MasterCard
If you have a PayPal business account – meaning you own a business – the PayPal Business Debit MasterCard might be worth a look. This card offers 1% cash back without any monthly limits. You also receive rewards when you withdraw cash from your PayPal account at an ATM. If you don’t own a business, you don’t qualify for this card, but if you do and already use PayPal, give it a look.
The Bottom Line
Despite changes in the law that made debit card rewards programs less financially attractive to card issuers, these seven cards offer cash back and a range of other features that still make them attractive. Before you sign up for one, just be sure you're aware of any fees that may be involved.
Read more: 7 Debit Cards That Still Offer Rewards | Investopedia https://www.investopedia.com/articles/personal-finance/081716/5-debit-cards-still-offer-rewards-jpm-td.asp#ixzz5QfXtaVmR
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