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.
Mesothelioma - A Full Spectrum Examination
Receiving much press in recent years ~ both because of the number of people affected, as well as the sometimes sensational, multi-million-dollar lawsuits that have been filed, fought, won & lost ~ is a rare form of cancer known as malignant mesothelioma, whose principle cause is exposure to aspestos fibers.
Asbestos, a known toxin since the 1930's, is an inexpensive fibrous material that is extremely durable and heat resistant. Because of these properties it was, for many years, heavily used in industry throughout the United States. Even after its carcinogenic (cancer-causing) properties were discovered, many industries continued to use asbestos, putting at risk those who were exposed to it. Asbestos-containing products remain, to this day, in buildings, ships, industrial facilities and other environments. The EPA has stated that asbestos "presents an unreasonable risk of injury to human health." Even low levels of asbestos exposure can trigger not only mesothelioma, but also asbestosis, pleural disease and lung cancer: diseases that are caused almost exclusively by asbestos. The statistics for recent years show an average of 3000 people per year dying of aspestos-related causes.
Because aspestos products have been used so heavily by industry, many people have come into contact with asbestos fibers via their jobs (e.g. via occupational exposure). There is also a risk to the family members of those working in at-risk occupations; this exposure is called paraoccupational exposure. People who live near sites that have asbestos around the facility are also at risk. Refineries, power plants, factories, shipyards, steel mills and building demolition are types of work sites that can release asbestos fibers into the environment and contaminate nearby residential neighborhoods. Mesothelioma can result from very small fibers or dust particles at low exposure levels. (Most such exposure would likely have occurred prior to 1973, but the latency period can be up to 40 years for most types of lung cancer to develop.) Trades in which aspestos exposure is likely include:
~ Asbestos product manufacturing (insulation, roofing, building, materials)
~ Automotive repair (brakes & clutches)
~ Construction/contractors
~ Maritime
~ Miners
~ Offshore rust removals
~ Oil refineries
~ Power plants
~ Railroads
~ Sand or abrasive manufacturers
~ Shipyards / ships / ship builders
~ Steel mills
~ Tile cutters
Malignant mesothelioma is the formal medical name for this form of lung cancer. (A lay term for the equivalent condition is Aspestos Cancer). Mesothelioma is the term used to describe a cancerous tumor which involves the mesothelial cells of an organ, usually the lungs, heart or abdominal organs. Malignant Pleural Mesothelioma or cancer of the lung lining is the most common form of mesothelioma cancer. Peritoneal Mesothelioma is cancer of the stomach lining and is the next most common form.
The onset of mesothelioma asbestos lung cancer is usually very slow: the time between aspestos exposure and the onset of symptoms can be many years. The most common mesothelioma symptoms are chest pain and pain in the lower back. Sometimes the pain is accompanied by difficulty breathing, coughing, weight loss and fever.
Symptoms for Pleural Mesothelioma (involving the lung / chest area) are:
~ chest pain and pain in the lower back
~ difficulty breathing
~ coughing
~ weight loss
~ fever
~ muscle weakness and sensory loss
~ swelling of the face and arms
~ hoarseness
~ coughing up blood
Symptoms of Peritoneal Mesothelioma (involving the abdominal / stomach cavity, liver, spleen or the bowel) are:
~ abdominal bloating due to fluid accumulation in the abdominal cavity
~ nausea & vomiting
~ swelling of the feet
~ fever
~ impaired bowel function
Diagnosing mesothelioma (within the framework of western medicine) can be challenging, because the symptoms are quite similar to those of other illnesses and conditions. A western medical diagnosis of mesothelioma might include any or all of the following: a review of the patient's medical history and asbestos exposure; a complete physical examination, with x-rays of the chest or abdomen and lung function test; a CAT scan or MRI of the chest or abdomen; a biopsy.
In the case of pleural mesothelioma, a thoracoscopy may be performed where the doctor looks inside the chest cavity with an instrument called a thoracoscope that is put into the chest between two ribs. The thoracoscope allows the doctor to gather tissue samples and look inside the chest. For cancer in the abdomen (peritoneal mesothelioma), a western MD may perform a peritoneoscopy where a small opening is made in the abdomen and an instrument called a peritoneoscope is inserted in the abdomen cavity to collect tissue.
If mesothelioma is indeed diagnosed, the next step will be to determine the stage of the disease. The "staging" process helps to determine which part of the body the cancer has spread to, which in turn dictates a treatment plan. If the cancer is found only on the membrane surface where it originated it is called "localized." If the has spread beyond the original membrane surface to other parts of the body it is called "advanced."
Western Medical Treatment Options (chosen in accordance with the age and/or health of the patient) include surgery, radiation therapy, and/or chemotherapy. Surgery ~ during which part of the lining of the chest or abdomen may be removed ~ is a common treatment option for mesothelioma. For pleural mesothelioma, either a full lung or the muscle below the lungs that help with breathing (the diaphragm) may be removed. Radiation therapy uses high-energy rays to kill cancer cells and shrink tumors. This type of therapy only affects the cancer cells in the treated area. Chemotherapy uses anticancer drugs to kill cancer cells throughout the body. The drugs used to treat mesothelioma are sometimes given by injection in a vein.
Along with surgery and radiation, using a needle or thin tube to drain fluid that has built up in the chest or abdomen is one way to relieve some of the symptoms and control the pain associated with this condition. In addition, medications may be given through a tube in the chest to prevent fluid from accumulating and, once again, reducing some of the more painful symptoms.
The physical and psychological strain of malignant mesothelioma can be severe, and western medical treatments meant to heal often cause unexpected and irritating side effects. For these reasons, it is important for the mesothelioma patient to gather as much information as possible about how malignant mesothelioma progresses as a disease, as well as to explore alternative or complementary treatment options (see below). And if a western treatment is chosen as part of the healing protocol, it's important to know what side effects to expect and how to minimize them.
Along with managing the disease itself, Mesothelioma patients oftentimes find themselves embroiled in legal battles (reminiscent of the Karen Silkwood case) ~ in class-action or individual lawsuits against the companies or corporations by whom they were employed at the time of their exposure to aspestos. Aspestos Law has emerged as a specialty, with mesothelioma attorneys and lawyers positioned to support their clients in establishing a link between a specific aspestos exposure and their subsequent contracting of mesothelioma ... and ~ to the extent that they are successful ~ taking, in the process, a handsome cut of the settlements.
Because of the physical, emotional, psychological & spiritual (as well as legal!) challenges involved with a disease such as mesothelioma, creating a strong support system is a vital part of the healing process. As has been documented from the experiences of many with so-called "terminal" illnesses, the introspection that arises in the face of such a challenge oftentimes has the "hidden benefit" of allowing what is "really important" to emerge. For this to happen, however, requires the creation of an (internal & external) environment conducive to such explorations. And what are the "building blocks" to creating such supportive (non-toxic!) environments?
Everyone can improve their energy level and promote healthy cell growth by getting adequate rest and relaxation, good nutrition, some exercise and having some fun! Here are some practices commonly recommended for cancer patients:
~ Learn relaxation techniques (yoga or qigong are an excellent choice)
~ Share your feelings honestly with family, friends, a spiritual advisor or a counselor
~ Keep a journal to help organize your thoughts
~ Find a source of spiritual strength
~ Pray or meditate
~ Find time to be alone
~ Go for walks
~ Remain involved with work and leisure activities to the extent possible
~ find a support group or "chat room" to share your experiences with others in a similar situation
~ as much as possible, maintain a positive attitude, and optimistic outlook
Of the many alternatives or compliments to western medical treatment, qigong is one that stands out as particularly hopeful. In China, there are entire hospitals devoted to the use of qigong techniques exclusively, for the treatment of cancer as well as countless other conditions. Binhui He is one Medical Qigong Master (http://www.wishus.org/research.asp?cat=research&index=2)
who has had large success working with cancer patients. His qigong anti-cancer therapy protocol includes, in his own words, the following five steps:
~ Attitude change: Turn traditional searching help outside into searching help inside. It is the immune function and self-healing power that cure cancer eventually! While fear-of-cancer effect is the real incurable disease, since it keeps patient stressed and lowers their immune functions. Instead, consider cancer part of the body, communicate with it by consciousness power, and eliminate the source leading to cancer in the first place.
~ Intensive Qigong practice: empty mind without desire, forget about disease, trouble, environment and self; rapidly stimulate immune functions and body potential by intensive Qi cultivation.
~ Energetic Fasting (Bigu): Cut the supply for tumors so as to inhibit the rapid growth of cancer; and help to strengthen immune function effectively (Need under the close supervision of an experienced Qigong healer).
~ Shatter Tumor by Strong Qi: Focus of mind power and strong Qi can shatter after a period of Bigu.
~ Collective Qi Adjustment: Group practice of Five-Element Qigong to form a strong Qi field and to strengthen the inhibitory effect of the Qi cultivation.
In the United State, Dr. Kam Yuen (http://www.yuenmethod.com) is a 35th-generation Shaolin Master who has created a healing system which combines the power of qigong practice with the diagnostic techniques of applied kinesiology. He, also, has had great success working with a whole variety of conditions, including cancer.
Similar in many ways to Taoist qigong practices are the Tibetan practices described in Tulku Thondup's two books: Boundless Healing: Meditation Exercises To Enlighten The Mind & Heal The Body; and The Healing Power Of Mind. The specifics of the practices vary widely, though what many have in common is the use of an internally-cultivated energy of "blissful heat" to resolve whatever imbalances are at the root of the condition. He presents, in these two books, a number of practices designed specifically for those working with cancer. Tulku Thondup also travels quite widely, offering workshops & retreats in which he presents these Tibetan healing techniques.
Chinese Medicine offers yet another paradigm through which to examine mesothelioma. The diagnostic system of Chinese Medicine is quite dramatically different from that of western medicine. If in fact we were to present to the Chinese physician, say, ten people who had all received the western medical diagnosis "mesothelioma," it is entirely possible that this Chinese physician would ~ after his or her examinations ~ present us with a different diagnosis for each of those ten people! (The reasons for this are complex, and beyond the scope of this essay, but the basic reason is because Chinese medical perception looks at patterns present within the entire person, and in relation to every aspect of their lives; while western medicine tends to focus primarily on individual symptomotology.)
In Chinese Medicine it is understood that emotional imbalance is often a root cause of physical imbalance. The emotional state that damages the lungs (and its corresponding physical structures, which include the skin & mesothelial cells), and which also tends to appear when the lungs are out of balance, is grief. The emotional state which signals a balanced, healthy lung organ system is courage. There is also a belief, in Taoist philosophy (the root of Chinese Medicine), that the lungs are the equivalent in the human body to the atmosphere/ionosphere of the Earth. So an aspect of Chinese Medical treatment for a lung imbalance of any sort might well be to do practices to release (individual & planetary) grief ~ e.g. a "healing sounds" qigong practice ~ and to augment our feelings of courage and righteousness: our willingness and capacity to stand up strongly for Truth, for Beauty, for Love, for Kindness ... or whatever other values we hold most deeply, for ourselves, our communities and our planet.
Elizabeth Reninger, M.S. (Oriental Medicine) has been exploring Yoga/Qigong - in its Daoist, Buddhist and Hindu varieties - for upwards of twenty-five years. She maintains a private acupuncture practice in Boulder, Colorado, and is a published poet. For more of Elizabeth's writing, on related topics, please visit http://taoism.about.com
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