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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.

Any business, whether small or big, faces many challenges and some of the biggest challenges are in the shape of disasters, especially the natural ones. It does not matter which part of the world your business operates in; natural disasters are possible in every part of the planet. Floods, storms, hurricanes, earthquakes, etc. are among the most common types of natural disasters. This is why it is highly recommended that you have the right preparation for a natural disaster. According to Red Cross, major natural disasters such as earthquakes and floods are so damaging for small businesses that 40% of those that get hit by one of these shut down forever. So, what is the importance of preparing for disasters for small businesses? A Professional Impression Disaster preparedness and disaster recovery plans are often associated with large enterprises and organizations. But are small businesses protected from disasters? Your small business needs a disaster plan just as much as any big business out there. Having a disaster plan integrated into your system and documented gives off a very professional impression of your business. When you become a big business, you can get audited for a hundred different things. Furthermore, your employees will also be happy that they are working with a company that thinks long-term. Prevention of Various Disasters While there is nothing much that can be done about natural disasters, you can do something about disasters caused by humans and their errors. A human can cause damage to your property on purpose as a result of jealousy, reaction to some unfair treatment or as a bad business tactic. When you have the right equipment and system in place, it is difficult to cause such damage to the business. In most cases, human-made disasters are in the form of a fire that can burn all the important documents for a company and any systems that store valuable customer information. Safety of Employees Preparing for a disaster does not always mean you have to maintain business continuity. In fact, another important part of disaster preparedness is the safety of your employees. At times, you can't instantly tell what might go wrong. A storm or hurricane can cause damage to electric poles and wires. If not protected properly, this damage can result in the deaths of your employees. Furthermore, when you are not prepared to face a flood, you might end up calling your employees to work and getting their vehicles damaged. Business Continuity One of the reasons to be prepared for disasters is to maintain business continuity. If you reside in a region where certain types of natural disasters are common, you have to prepare for these first and then for other types of disasters. For example, a business in Japan will have to prepare for an earthquake and the Tsunami. In some parts of America, there are more tornadoes every year than there are storms in the entire country. When you have a plan for such disasters, you can ensure the continuity of your business even when the disaster strikes. Continuing business operations can be as easy as asking your employees to work from home. To make this possible, you might want to have all your data and important business applications moved to cloud, so when your company servers are down, you can ask your employees to work. Another important aspect of continuing your business despite great disasters is backing up your data. When it comes to backup, you can't back up the data in one location only. The idea is to back up your business data every day and move the backup to another location. If your budget allows, you can back up the data in even more locations than two. Quick Response An important aspect of disaster preparedness is to share this knowledge with your employees. You also have to update them with any changes you make to your disaster preparedness and recovery plan. For example, if a sudden fire breaks out inside your business premises, your employees must know what the first course of action has to be. You should also ask your employees to have all the important business applications, software tools, etc. installed on their devices if your response to a disaster is asking them to work from home. When your employees know exactly what to do in the case of a disaster, they can get a response to a bad situation instantly, so you face virtually no downtime. Cost-efficiency Disaster preparedness and recovery are not just about being ready to handle a disastrous situation. In fact, it is also about being able to operate the business and recover business operations after a disaster hits with as minimum resources as possible. A business without a disaster plan can also recover from a disaster. However, the huge difference here is that the unprepared business will have to spend a lot of money and resources to get back on its feet whereas a business with a plan will continue its operations with minimum efforts. Improved B2B Relations It is not just your customers but also your business partners that get affected when your business shuts down temporarily due to a disaster. They might be relying on you for their mission-critical processes, and your absence can cause them to either stop their operations or find another partner to make things work instantly. On the other hand, if your business is still running despite getting hit by a disaster, your business partners will take a very positive impression of you. This is going to help you retain your business partners as they can now trust your professionalism and seriousness with business. Conclusion To prepare for disasters, the first thing you have to do is change your mind about the whole situation. Many small business owners think that things like disaster plans are better suited for large enterprises or when a business has grown big enough to have multiple branches. What they don't realize is that it is much easier to recover from a disaster when you have multiple locations than it is when you have only one location. So, start assessing your risks today, create a sound communication plan and document your disaster preparation plan today. More detailed information and useful advice can be found at http://www.Funded.com. Article Source: http://EzineArticles.com/expert/Pierre_Jean-Claude/335283 Article Source: http://EzineArticles.com/9842005

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