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.
Wondering how does owner financing work and how to use owner financing to sell your house quickly? The following insider information will reveal secrets bankers don't want you to know. Out of the " 8 different types of seller financing strategies " that exist, the wrap around mortgage was one of more powerful ones used to sell houses in the 1980's, when there was a deep recession like now and when the interest rates were in high 18's and low 20's. Real estate agents and brokers were faced with a major problem in the 80's selling their clients houses at those street loan sharks interest rates. Owner financing became a solution for home owners who could not sell their homes due to the recession. The wrap around, was also used for those facing foreclosure and thinking about doing a short sale on their house. Owner Financing It simply involves the prospective person purchasing the house, where he or she gets a complete home mortgage from the home owner selling the home and not the local bank. The home owner selling the property takes the position of the lender ( the bank ) and then the buyer will now pay the home seller every month for the life of the loan. When Does One Use This Option Home Seller - When the home owner has run into problems selling the house and just can not wait any longer to sell the house. Buyer - If for some reason the prospective buyer cannot get financing through traditional means like going to their local Chase or Citibank branch for a home loan Lender Loan Restrictions - The bank will not finance a particular type of property for what ever reason. How does Owner Financing Work? It is quite simple - The home owner ( you ) eliminates the bank from providing a home loan to your prospective buyer. You as the home seller take some form of advanced payment from the buyer to secure the property & provide the home loan instead of the bank. The terms of this loan is all in a contract drawn by your attorney, it is a written promise to pay which requires the buyer to make monthly payments to you as the home seller for the agreed time in the contract. The house buyer with a trust note in his possession, has a binding contract as the buyer of this property legally, all without any red tape from a local bank. An additional legal piece of document lays out the right to take the property back if the buyer does not make his payments as agreed upon. What Types of Property Are Good For Seller Financing? If the home owner is in some form of distressed situation and need to sell the house quick, or the property is in pretty poor shape, or the just sitting there and not rented out, then he or she may consider seller financing. Things to be considered is when the property has a some form of tax lien or mortgage attached to it. This option is most suitable when the house is free and clear of any existing loans on the property. 8 Ways You Can Benefit From Owner Financing * Speedier sale. * No waiting for bank approvals. * No bank or origination fees to the buyer. * The process and document preparation is much lighter. * The down payment can be made smaller to sell quicker & appraisal avoided. * Flexible terms can be arranged for you and the buyer unlike bankers. * You may be able to get closer to the price you are looking for since you are financing and the buyer is having trouble getting financing from traditional lenders. * You may make future income from the interest rate you set to the buyer. Double Closing Most home owners object to this type of financing arrangement, primarily due to not receiving full payment of the sales price when their house is sold. The Solution use what is called a " Double Closing ". You the home seller, just sells your note to a note buyer immediately right after the right after the closing. Everything remains the same when the note buyer purchases the note, terms * interest stay the same and this in no way affects the house buyer. Issues with Owner Financing The biggest issue with this option is, it seems to difficult to do, but with the help from an attorney it can actually be a simple process. Another issue is, to being sure about the buyer and how responsible they will be. Different creative solutions can be applied like getting 2 - 3 advanced monthly payments. If the buyer defaults the home seller feels like they are not equipped to handle this, but with the right attorney and help you the seller can repossess the property. Owner financing - if used properly is a very powerful creative financing tool to get your house sold right away, if it sounds like a possible solution that you would consider, seek out professionals that use these themselves and are familiar with them to explain to you how does owner financing work. Now that you are more educated about owner financing, and wish to learn more... here are 8 tips for selling your home using seller financing are 8 types of seller financing Now that you know how owner financing works, discover the 8 different types of owner financing home sellers have used to sell their home. Visit our blog category section "house selling tips" for more helpful information... Click Here Now: How Does Owner Financing Work Now that you know how owner financing works, discover the 8 different types of owner financing home sellers have used to sell their home. Visit our blog category section "house selling tips" for more helpful information... Click Here Now: Sell Your House Fast Tips Free Report "How To Sell Your House Fast In A Slow Housing Market" Click here: http://www.webuyhousestristate.com/how-to-sell-your-house-fast-free-report/ Article Source: https://EzineArticles.com Article Source: https:///boombastis.com
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