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.
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Gara-gara gambar Perdana Menteri Tun Dr Mahathir Mohamad memakai selipar Bata berharga RM11.99 tular, produk tersebut menjadi aksesori terhangat dijual di pasaran pada Ramadan lalu.
Dr Mahathir ketika ditemubual sebuah portal berita berbahasa Inggeris menjelaskan mengenai selipar yang dipakainya itu.
Small Business Online accounting course. A short, practical, hands-on approach
WHAT IS THE ONLINE ACCOUNTING COURSE?
It is a course in practical accounting and bookkeeping designed to teach you how to keep the books of a small company just like your own. We have woven the theory and practice of accounting together using a multi-media, hands-on learning strategy. The online accounting course is meant to give small and home business people and others (see who will benefit from taking the online accounting course) a solid understanding of the language of business so that they can better run their companies or perform their jobs.
In this online accounting course, you will learn the theory first, and then put that theory into practice immediately by actually keeping all the records of a real-to-life company just like your own. This integrated approach has a history of success in the classroom and is now available for the first time as an E-learning program via the Internet so you can learn at your own pace.
WHO WILL BENEFIT FROM TAKING THE ONLINE ACCOUNTING COURSE?
Accounting is the language of business. Can you speak it? If you are in business or about to go into business, then you should be able to keep your own books (even if you never intend to actually do the work yourself). How can you tell if this online accounting course might be beneficial to you? Well, here's a short list of the people it might benefit.
Are you ...
* an entrepreneur?
* running a small business?
* running a home business?
* a professional running your own practice?
* a significant other keeping your (husband, wife, friends) books?
* just starting your own business?
* thinking of starting your own business?
* a manager in a company?
* an office manager with bookkeeping duties?
* an administrative assistant with bookkeeping duties?
* a computer programmer?
* a high school or college student about to get a job in business?
* a bookkeeper or accounting clerk who has learned on the job and needs to understand the concepts in order to do your job better or be promoted?
* an investor who would like to understand where the numbers are coming from on the financial statements that you read?
* someone who has taken an academic accounting course and still doesn't know a debit from a credit?
If you fall into any of the above categories, you undoubtedly need to understand the concepts of accounting in order to better do your job or run your company. Academic courses are fine but they are usually too top heavy on the theory and don't always address the issues and problems that you will see in the real world of small business. For example, Accounting 101 in many colleges will still teach you how to account for a corporate bond issue. Now, don't get me wrong: it's fine to know how to account for corporate bonds, but really, how many bonds will your company issue in your lifetime?
Moreover, accounting is a practical subject and if you really want to "get" it, you have to "do" it. Reading only the textbook will usually just confuse you more. We have found that the concepts and principles of accounting make the most sense when they are taught using a real to life "company" for which you keep all the records. To understand how it all comes together, you need to handle the full accounting cycle from recording each business transaction through doing payroll, taxes, reconciling the bank account and finally creating and analyzing your own financial statements. All this (and more) is exactly what you will learn in the online accounting course.
WHAT BACKROUND DO YOU NEED TO TAKE THE ONLINE ACCOUNTING COURSE?
None. In the online accounting course, we start from the beginning and assume that you know absolutely nothing. Some folks worry that they don't have enough math backround to take an accounting or bookkeeping course. What kind of math is necessary? Well, accounting concepts are essentially based upon an equation, so if you understand that 1 + 1 = 2 and conversely that 2 - 1 = 1, then you're in luck: you have the proper math backround to learn accounting.
WHAT WILL YOU LEARN IN THE ONLINE ACCOUNTING COURSE?
Some of the important topics that will be covered in the online accounting course (please note that this list is not all-inclusive) are:
* Basic accounting concepts, principles and terminology.
* Debits and credits.
* Double entry accounting.
* Types of business entities and enterprises (and their advantages and disadvantages).
* How to take advantage of the office-in-home tax rules.
* How to set-up and keep a set of books for a small business.
* How to journalize business transactions.
* How to reconcile your bank account.
* How to adjust the books at the end of the fiscal period.
* How to post to a general ledger.
* How to compute payroll and payroll taxes.
* How to depreciate assets and take advantage of bonus depreciation tax rules.
* How to create and understand a Balance Sheet.
* How to create and understand an Income Statement (also called a Profit and Loss Statement or P & L).
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