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.
A Brief Overview of Mesothelioma
Introduction
Nowadays there is a lot of discussion all over the world, both offline and over the Internet, about mesothelioma. In the USA, there are mesothelioma awareness groups in almost every city in the USA. Besides discussion forums, mesothelioma legal cells, mesothelioma forums, mesothelioma awareness groups etc., today mesothelioma research is a very vast subject. There is even a Mesothelioma Memorial Scholarship that is offered every quarter. This scholarship is given in remembrance and honor of those that have been touched by mesothelioma. Billions of dollars have been spent in trying to fight this dreaded disease and find a cure. Let us begin by asking this simple question - what is mesothelioma?
What is Mesothelioma?
Asbestos and mesothelioma are infamously related. Mesothelioma is a form of cancer that affects people who have been exposed to asbestos. It is a rare form of cancer, and affects only those people who have had a history of exposure to asbestos, not others. However, there can be secondary cases, where a person may come into contact with someone who has been exposed to asbestos in the past. The key to mesothelioma, as is apparent here, is exposure to asbestos.
The primary cause of mesothelioma is exposure to asbestos. Once the patient has inhaled asbestos dust/fibers, other factors like smoking can aggravate the condition over a period of time. There can be other causes of mesothelioma too. For example, there have been cases diagnosed where the patient has had no history of asbestos exposure. People can get it from people who have had asbestos exposure. Before we proceed further, let us define mesothelioma.
Mesothelioma definition: Mesothelioma is defined as is an uncommon form of cancer, usually associated with previous exposure to asbestos. In this disease, malignant (cancerous) cells develop in the mesothelium, a protective lining that covers most of the body's internal organs. Malignant mesothelioma cells proliferate at the affected area, and are usually very hard to remove totally.
Mesothelioma came to be widely known about only from about the 60s, when the symptoms started manifesting, and mesothelioma cases were diagnosed. Across America, for people working at facilities that were asbestos-related, it became a nightmare. This was more because at that time, asbestos, because of the number of advantages it had over other metals, was widely used across industries all over the world. It was a tragedy of epic proportions waiting to be unleashed, and when it was unleashed, it wrought havoc in the lives of people all across America. Thousands lost their lives to mesothelioma, and even now, thousands more continue to fight this dreaded disease.
Even today, more than 3,000 people are diagnosed with mesothelioma in the USA. Today, mesothelioma victims and their relatives struggle to cope with the disease. For survivors of mesothelioma legal action against the industries that brought this disease on them has been one way of exorcising the pain and agony they have had to undergo. For a number of victims of mesothelioma lawyers have been able to settle cases successfully. There are mesothelioma support groups to help mesothelioma victims and their relatives cope with life in the aftermath of the disease. There are websites like http://www.mesotheliomaweb.org, http://www.mesothelioma.com, http://www.cancer.gov, etc.
Mesothelioma is considered extremely lethal for a number of reasons:
o Mesothelioma diagnosis is often very late. It manifests in a person years after exposure to asbestos, as long as 15 to 20 years.
o While the gestation period is extremely long, as mentioned above, the exposure time is extremely short, as less as two to three months. This means that a person doesn't even have to have prolonged exposure.
o The average lifespan of a person, after diagnosis, is very short, around 24 months.
o It affects not only a person exposed to asbestos; chances are that he can pass on the asbestos dust or fiber to his near and dear ones as well.
Types of Mesothelioma
Primarily, mesothelioma occurs in three areas, based on which mesothelioma is categorized into:
o Pleural mesothelioma (mesothelioma of the pleura, the outer lining protecting the chest cavity as well as the lungs)
o Pericardial mesothelioma (mesothelioma of the pericardium, the sac enclosing the heart)
o Peritoneal mesothelioma (mesothelioma of the peritoneum, the lining protecting the abdominal cavity)
Based on the types of cells seen in a mesothelioma patient, mesothelioma can again be categorized into 3 types:
o Epithelioid mesothelioma (approximately 50 to 70 percent of all mesothelial cells)
o Sarcomatoid mesothelioma (least common mesothelioma cell type, approximately 10 to 15 percent)
o Biphasic mesothelioma. (approximately 20 to 40 percent of all mesothelial cells)
Symptoms of Mesothelioma
The symptoms of mesothelioma depend on the kind of mesothelioma a patient may have. If a patient is suffering from malignant pleural mesothelioma, he would generally feel a pain in the chest region, accompanied by shallow breathing. These symptoms occur owing to the deposition of fluid in the pleura.
Peritoneal mesothelioma symptoms differ from those of pleural mesothelioma. In the case of localized peritoneal mesothelioma, the symptoms include:
o Fever
o Difficulties in bowel movements
o Anemia
o Abnormalities observed during blood clots
In the case of advanced peritoneal mesothelioma, the symptoms would further include pain, a swelling of the face or the neck, and difficulties in ingestion.
Mesothelioma symptoms usually map to those of other, lesser serious ailments. Therefore it is prudent to consult a specialist to ensure what the symptoms indicate.
Mesothelioma Diagnosis
Mesothelioma diagnosis is not an easy task, as the symptoms map to other lesser ailments, as mentioned above. The first step to diagnosing mesothelioma is a review of the patient's medical history. It is important to know if the patient has had any illnesses whose symptoms mesothelioma too displays. At this time, it is also important to know if the patient has had prior exposure to asbestos. If the patient hasn't had any illnesses displaying the symptoms related to mesothelioma, and has had exposure to asbestos, then there can be suspicion of mesothelioma.
It is important to do a detailed physical examination of the patient, including x-rays, CT scans, and MRIs. The focus would usually be on the abdominal and chest regions. If there is anything suspicious at the end of these examinations, it is advisable to do a biopsy.
A biopsy is usually done by a specialist, either an oncologist or a surgeon. Biopsy involves taking a tissue sample from the patient and subjecting it to specific tests to determine the presence or absence of mesothelioma. Biopsy in the case of mesothelioma can be:
o Thoracoscopy (done by taking tissue samples from inside the chest region, using a thoracoscope)
o Peritoneoscopy (done by taking tissue samples from the abdominal region, using a peritoneoscope)
Once the diagnosis is made, it is vital to learn the stage at which mesothelioma has been detected. Depending on whether the cancer is still at the original site or whether it has spread to other parts of the body, the mesothelioma can be called:
o Localized (still at the original site)
o Advanced (spread to other parts of the body)
Mesothelioma Treatment
Mesothelioma treatments vary depending on the type of mesothelioma, as also the stage at which it has been detected. The three most commonly used treatment forms against mesothelioma are:
o Surgery - Surgically removing the cancerous body part. For example, malignant pleural mesothelioma treatment could involve removal of the affected lung by performing a pneumonectomy.
o Radiation therapy - Exposing the affected part to high-energy rays to kill the malignant cells
o Chemotherapy - Using chemicals/drugs to destroy the malignant cells, either by injecting them into the patient, or intravenously, or by direct placement in the chest or abdomen (intracavitary chemotherapy).
Besides these three options, research is underway to find newer and more effective treatment options. Clinical trials have played a major role in developing newer treatment options.
Mesothelioma Prognosis
In the case of mesothelioma, prognosis is not as accurate as it is with other lesser serious ailments. This is because prognosis usually depends on the phase at which an illness is detected. Mesothelioma is usually detected quite late in a patient, so it becomes difficult to state the cure percentage or lifespan of a patient after treatment. Whatever statistics are available are not as reliable as one would like them to be. While it has not been easy to determine which of the two - pleural or peritoneal - mesothelioma is harder to stage, experts are generally in agreement that a prognosis is quite difficult for both.
However, latest studies and research have shown that mesothelioma patients might not be as bad off as was initially believed. This data is tabulated below.
Stage of Mesothelioma Detection Chances of Survival (No. of Years) Percentage of Patients
Mid to advanced stages 3 years 10%
5 years 5%
Early stages 2 years 50%
5 years 20%
This is just general data on mesothelioma prognosis. There is specific data available n the Internet for specific scenarios and situations.
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