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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.

Ocean Harbor insurance is a home and auto insurance scheme through which you can insure your property and vehicles from any sort of unforeseen disasters such as, fire, theft, lightning, and wind. To ensure full safety of your property you can opt for a policy that would cover all your personal structures including the temporary provisions, thus ensuring full security and safety. You can opt for an ocean harbor insurance policy for all sorts of properties; be it a personal possession or a commercial possession. There are certain policies under which you can cover multiple homes in one plan. Opting for such policies would be ideal if you own or rent a flat in apartments or a group house. Under such plans, you might end up with little fewer premiums as you opt for a specific coverage. Riders on a basic policy would be provided in exchange for an additional premium. Besides property ocean harbor insurance also has auto insurance products that cover both bodily injuries and physical damages to the vehicle insured. However, while opting auto insurance you must have the vehicle registered under the insured name and must be any vehicle within four wheels. Claims on the name of insured only are covered. If the vehicle is driven by someone else when contracting an accident the insured cannot claim. However, you can cover for you, your family members under certain plans provided if you opt for it while executing a contract with the insurer. Almost all ocean harbor auto insurance policies cover medical claims up to 80%, 60% of income loss and replacement assistance post accident and death cover. All these benefits would be provided only when you opt for them specifically. Besides regular auto insurance, there are certain comprehensive insurance plans by ocean harbor insurance that are meant to provide coverage to the vehicle for any sort of perils such as, fire, collision or any indirect damage to the vehicle. However, a comprehensive insurance would be provided only to the owned vehicles. Any temporarily hired or rented vehicles are not eligible for insurance under the comprehensive category. Opting for a home or auto insurance is an art as well as science. Wonder, why is it an art as well as science? While choosing a policy cover you must do a certain amount of research to make sure you would opt for the one that benefits you the most while being pocket-friendly. Perhaps, this exploration will help you in articulating your needs and will assist you in inquiring for riders, thus making the act of choosing a policy an art. Hence, it is recommended to go for a self exploration before opting for an ocean harbor insurance. Go get protected with right insurance.

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