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.
So if your car has seen better days and has very little or no life left in it then the question is what do you do with it now? If you have determined that it is no longer worth spending money on it to keep it on the road then it most probably can now be classed as a scrap car.
So now you have come to the conclusion that what was once your pride and joy is no more than another scrap car destined for the great scrap yard in the sky, the question is how do you go about disposing of this big old lump of metal.
Well the answer is simple you need to call in the professionals to come and remove the vehicle and dispose of it for you. You need a specialist who will collect the vehicle and dispose of it in an environmentally friendly way, de-contaiminating it and recycling it for the scrap metal.
Now there are plenty of scrap car dealers out there but there are also plenty of shady individuals who claim to be scrap car dealers. So how do you find someone who is reputable and what should you look for when it comes to the disposal of your scrap car.
Here's a run down of what to look out for;
Look for a company that is well established, experienced and works within your locality.
Be sure to use a company that is licensed by the Environment Agency, this license ensures that the company are working within the confines of the law with regards to the transportation and carrying of scrap metal and scrap vehicles.
Make sure they are willing to fill in the V5 logbook with their company details. Upon collection they will need to fill in the yellow section 9 part of the logbook. You will need this slip and its information to return back to the DVLA to inform them that you are no longer responsible for this vehicle.
Ask if you can expect a letter of confirmation from the DVLA upon destruction or scrapping of your car. This is something that is generated once the car has been scrapped and the DVLA has been informed, you should receive this a few weeks after scrapping your car.
Be sure that your vehicle is taken away by recovery truck and not towed or driven away as it may not be in a road worthy condition. All true professionals will insist on removing the vehicle by recovery truck and would not want to run the risk of towing or driving such a vehicle away.
If you have been offered cash for your scrap car be sure that payment is received prior the car being removed, if they are offering to send the payment on then you could end up out of pocket.
I think i have pretty much covered everything you need to know, just remember to follow these simple guidelines and the process of getting your scrap car removed should be easy.
Our journey took us to the Yorkshire Dales in a place called Asenby near Thirsk. What a wonderful site greets you in the form of a wonderful public house with a thatched roof and lots of strange and wonderful objects strategically placed on and around it. After all it was the Crab Lobster so a crab and lobster is what we saw. It is the kind of site you see in your lifetime where you wonder if you are still deep in a dream or on some kind of medication. Needless to say we were definitely not on the latter. This beautiful little building is the start of your wonderful weekend break, holiday or maybe even wedding day. More about this pub later.
Just around the back we found the Crab Manor Hotel. As you drive into the graveled car park two large white hounds greet you in a very welcoming way. The dog statues line the way to the magnificent front door surrounded by climbing ivy which reaches right up to the rooftop. In fact as we looked around the whole grounds was a gardeners dream with trees of all colours and species, shrubs plants and flowers. If this was a taste of the opulence inside then we were in for a great treat.
Stepping into the hallway, well, what can I say it is to be seen to be believed. Decorated with beautiful artifacts and antiques, we did not know where to look first. I could see an enormous and I mean enormous yeti in the window of the staircase wearing a pinny. There was the biggest clock I have ever seen in my life on the wall. For anyone with bad eyesight worry not. To tell you everything we could see just from the area we were stood in would constitute pages and pages of description. Take my word for it unusual is the word that comes to mind.
You will be greeted by the receptionist who is also very informative as well as kind and be shown to the room of your choice, which could be the Waldorf Atoria in New York the Cipriana Palace in Venice. La Mamounia Hotel in Marrakesh and many more. We stayed at the Sharrow Bay hotel in Ullswater.
As we walked through the door a Four Poster bed looms ahead of you with drapes and cherubs and beautiful bedding. I could not wait to lie under the canopy and imagine I was royalty at least. Down a couple of steps is the sitting room with television, wonderful furniture and Crisps! Yes crisps not just any old crisps but packaged in a container I have never seen before and enough to feed an army. Biscuits, coffee and teas.
Next we walked into the bathroom and oh my goodness me what a lavish room. Maybe this is where I might stay for the whole two days. Languishing in bubbles till my skin turned into a prune. A Roll top bath stood in the centre of the room was a dream come true, for me anyway. Beautiful taps and tiled floor covering, with elaborate plaster cherubs on the walls.
Having recovered from the shock of all the decor and amenities we were shown then to the Jacuzzi outside which was the icing on the cake. Lights would twinkle in the evening to make it so romantic and create a great atmosphere for any couple.
We changed after a while and went down to the little pub just a short walk away.
Well, what met us was the most twinkly, warm inviting atmosphere I have ever been in. Hundreds and hundreds of curious antiques and "things" everywhere. You would just have to go and see for yourself for me to even touch on what we saw. Yellow tablecloths and serviettes brought out the whole room and we were just dumb struck.
We ordered lamb and our faces both showed the delight simultaneously at the succulence of the meat and the taste as we ate on and on into the night. It is renowned also as a fish restaurant but on this occasion we plumbed for the Lamb. Next time. All the staff were keen to make our evening superb and it was, we could not fault any of it. There was not one single solitary negative comment we could think of.
Our night was wonderful under my royal canopy and when morning came we descended once again down to the restaurant for Breakfast. This time it was in the conservatory. Once again I can only say you would have to go and experience the decor and what I can only say as incredible. For breakfast we did sample the fish, which was on the most enormous plate with as much toast and tea, juice and coffee as you could drink.
I did not want any of my experience at the Crab Lobster to end it had been a fairy tale stay.
All was not over as the day before I had asked if I could look at the other rooms as well as the Log Cabins in the grounds all with various places in the world as their theme. Not only were we shown around but by the General Manager and indeed the kindest man. He took us to every room and explained the decorations behind them. He spared us lots of time and we appreciated the tour enormously.
If you can go and experience what we did then you will have the most fantastic weekend break, holiday or wedding, whatever you choose to book, you will ever have without the long journey to get there.
I wanted to pass on the whole experience to you, especially as I have not stopped taking about it since.
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