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.
Profil dan Biografi Ustadz Abdul Somad. Ia dikenal sebagai salah satu penceramah yang terkenal di Indonesia yang berasal dari pulau Sumatera. Nama Ustadz Abdul Somad mulai banyak dikenal ketika ia aktif memberikan ceramah agama melalui saluran Youtube. Kini Ustadz Abdul Somad terkenal sebagai salah satu penceramah kondang yang kerap mengisi ceramah agama ke berbagai daerah di Indonesia.
Nama Lengkap : Abdul Somad Batubara, Lc., D.E.S.A.
Lahir : Silo Lama, Asahan, Sumatera Utara, 18 Mei 1977
Orang Tua : Hj. Rohana
Pekerjaan : Penceramah, Ahli ilmu Hadist, Ulama, Dosen
Pendidikan : S1 Al-Azhar, Kairo, Mesir, S2 Daar al-Hadits Al-Hassania Institute, Kerajaan Maroko
Lahir : Silo Lama, Asahan, Sumatera Utara, 18 Mei 1977
Orang Tua : Hj. Rohana
Pekerjaan : Penceramah, Ahli ilmu Hadist, Ulama, Dosen
Pendidikan : S1 Al-Azhar, Kairo, Mesir, S2 Daar al-Hadits Al-Hassania Institute, Kerajaan Maroko
Biografi Ustadz Abdul Somad
Bernama lengkap Abdul Somad Batubara, Lc., D.E.S.A. Beliau akrab dikenal sebagai Ustadz Abdul Somad. Ia lahir di sebuah desa bernama Silo Lama di wilayah kabupaten Asahan, Sumatera Utara pada tanggal 18 Mei 1977.
Diketahui ibu Abdul Somad bernama Hajjah Rohana. Ibunya merupakan keturunan dari Syekh Abdurrahman atau dikenal sebagai Syekh Silau Laut . Ia ada ulama besar di kabupaten Batu Bara, Sumatera Utara.
Masa Kecil Abdul Somad
Sejak kecil, orang tua Abdul Somad sudah memasukkan anaknya disekolah yang berkultur agama islam. Ustad Abdul Somad memulai sekolahnya di SD Al-Washliyah Medan dan tamat disana pada tahun 1990.
Dalam Biografi Ustadz Abdul Somad, Dari situ, orang tuanya kemudian memasukkannya ke sekolah pesantren Darularafah di wilayah Deliserdang, Sumatera Utara. Disana ia mengenyam pendidikan selama satu tahun sebelum pindah ke Riau pada tahun 1994.
Masa Remaja
Dalam biografi Ustadz Abdul Somad, Ia bersekolah di Madrasah Aliyah Nurul Falah di wilayah Indragiri Hulu dan tamat pada tahun 1996. Setelah menamatkan sekolahnya, Ustad Abdul Somad kemudian melanjutkan pendidikannya di jenjang perguruan tinggi.
Ia kuliah di UIN SISKA Riau. Di kampus ini, Ustad Abdul Somad hanya mengenyam pendidikannya selama dua tahun saja, hingga tahun 1998.
Kuliah di Al-Azhar, Mesir
Ustadz Abdul Somad melanjutkan pendidikannya di Universitas Al-Azhar, Kairo, Mesir setelah berhasil mendapatkan beasiswa dari pemerintah Mesir. Ia terpilih sebagai salah satu dari 100 penerima beasiswa dengan mengalahkan 900 pelamar lainnya.
Di Universitas Al-Azhar, Mesir, Abdul Somad menyelesaikan kuliahnya dalam kurun waktu 3 tahun 10 bulan dan berhasil mendapatkan gelar .Lc (License) yang merupakan gelar bagi lulusan pendidikan di kawasan timur tengah termasuk Mesir.
Lulusan Master di Maroko
Ustad Abdul Somad kemudian melanjutkan pendidikan S2 nya pada tahun 2004 di Maroko tepatnya di Institut Dar Al-Hadis Al-Hassania melalui beasiswa kerajaan Maroko.
Abdul Somad merupakan salah satu dari 5 orang asing yang diterima kuliah disana. Abdul Somad menyelesaikan pendidikan masternya dalam jangka waktu 1 tahun 11 bulan dan meraih gelar D.E.S.A (Diplôme d’Etudes Supérieurs Approfondies).
Dosen dan Penceramah
Ustadz Abdul Somad diketahui bekerja sebagai dosen bahasa arab dan tafsir hadist di Universitas Islam Negeri Sultan Syarif Kasim dari tahun 2009.
Selain itu beliau juga mengajar sebagai Dosen Agama Islam di Sekolah Tinggi Agama Islam Al-Azhar Yayasan Masmur, Riau.
Dalam Biografi Ustadz Abdul Somad, Beliau juga pernah aktif sebagai Anggota MUI Provinsi Riau dan Sekretaris Lembaga Bahtsul Masa’il Nahdlatul Ulama dan anggota badan amil zakat di Riau dari tahun 2009 hingga 2014.
Istri dan Anak Ustadz Abdul Somad
Dilansir dari tribunnews.com, diketahui bahwa Ustadz Abdul Somad telah menikah. Istri Ustadz Abdul Somad merupakan seorang istri yang taat. Ustadz Abdul Somad menikah pada usia 31 tahun di tahun 2008. Anak Ustadz Abdul Somad bernama Mesian Haziq Abdillah.
Ustadz Abdul Somad di Youtube
Kini Ustadz Abdul Somad aktif dalam memberikan ceramah agama islam di berbagai pelosok di wilayah Indonesia. Dimulai dari memberikan dakwah agama melalui kanal Youtube nama Ustad Abdul Somad semakin dikenal di masyarakat setelah video-video ceramahnya menjadi viral di internet.
Ceramah atau isi dakwahnya menegnai agama islam sangat berbobot sesuai dengan kapasitas dirinya sebagai seorang ulama, da’i sekaligus dosen agama islam.
Pertanyaan dari para jamaahnya ia jawab berdasarkan sesuai pandangan-pandangan imam mazhab dan mudah dimengerti. Sosoknya yang cerdas dan gayanya yang sederhana membuat Ustad Abdul Somad banyak disukai oleh jamaah atau masyarat sehingga ia banyak menerima undangan untuk ceramah.
Ustad Abdul Somad juga banyak menerjemahkan buku-buku dari Timur Tengah yang memuat mengenai permasalahan seputar rumah tangga dalam islam dan permasalah lain dalam agama islam.
Beliau juga sudah menulis tiga buah buku yang berjudul 37 Masalah Populer, 99 Pertanyaan Seputar Sholat dan buku berjudul 33 Tanya Jawab Seputar Qurban.
Kandidat Cawapres 2019
Ustadz Abdul Somad semakin melejit namanya di masyarakat takkala ia disebut-sebut sebagai bakal calon wakil presiden 2019 mendampingi Prabowo Subianto sebagai calon Presiden.
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