Egypt

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.

 15 INCREDIBLY USEFUL TRAVEL TIPS FOR EGYPT!

5 EGYPT TRAVEL TIPS
Below you’ll find my top travel tips for Egypt along with a little personal advice sprinkled on top. I hope you find these Egypt travel tips helpful. If you find these tips to be helpful or you have some tips of your own, please be sure to leave a comment at the end of this article.
Egypt is one of my favorite countries in the world for a variety of reasons. I’ve visited the country on four different occasions over the course of the last few years and three of those visits were 3 weeks or longer. While I love this country to pieces, it also should be known that it’s one of the more difficult countries I’ve ever traveled to.
Ready to learn more about my top 15 travel tips for Egypt? Let’s get started.

TRAVEL INSURANCE
 

When preparing for a trip to Egypt your first priority should be to make sure you make the small investment towards your health and well being by purchasing a flexible, reputable and affordable travel insurance policy for your trip. Not only will this travel insurance policy cover you if your bags are lost/stolen and if your flight is delayed/cancelled, but you’ll also be covered for all medical and injury related issues as well.
Let’s face it. No parents, family or friends want to have to cover the cost of you getting MedEvaced home from the middle of the Egypt. As you know, in life, things happen.
Do yourself a favor and get your coverage now so you can rest assured that you’ll be taken care of in the event of a serious emergency in Egypt.
CLICK HERE TO GET A QUOTE NOW!
HIRE AN EGYPT TOUR GUIDE

Planning a trip to Egypt isn’t as easy as you’d think. From accommodations to transportation and planning all the smaller logistics, there always seems to be a major disconnect somewhere along the way.
As you know, I’m more of an independent traveler than anything else and I rarely recommend hiring a tour guide. If there’s one place in the world that I would recommend hiring a guide, it’s in Egypt. Why? Because Egypt is a very unique and difficult country to travel to if you don’t have any prior experience.
In order to be sure that you have the best trip possible, my advice is to head on over to my recent article:
Planning Egypt: Hiring a Egypt Tour Guide
BRING YOUR HAGGLING SKILLS

One of the most important skills you need in order to have a positive experience in Egypt is the skill of haggling and negotiating. Everything is negotiable in Egypt and it’s expected so don’t worry about offending anyone with your offers. From buying a water at the corner store to shopping for souvenirs at the market to non-metered taxis, haggling is absolutely necessary.
BRING YOUR OWN TOILET PAPER

Bring your own toilet paper. Trust me on this one. You’ll be hard pressed to find toilet paper in most restrooms in Egypt. The toilets have a built-in bidet spray nozzle for those who forget to bring toilet paper along but who the heck wants to walk out of the bathroom with a wet behind? Not me. That’s for sure. I think it’s safe to assume you wouldn’t either. To avoid this sticky situation simply stop into a local shop and pick up a roll of TP and take enough to last you the day when you’re heading out to explore.
USE UBER IN CAIRO

Did you know Uber operates in the city of Cairo? If not, well now you know. What’s even better is that you can get your first ride free (up to 70 EGP or approximately $8 USD) when signing up for a new Uber account.
While taxis are generally safe and easy to use, Uber is definitely your best bet if you’re looking to move around the city without worries.
All you have to do to take advantage of this Uber first ride free discount is the following:
Already have the Uber app? CLICK HERE and follow the simple step-by-step instructions to receive your 70 EGP credit towards your first ride.
If you’d prefer to sign up for a new Uber account using the web based version then go ahead and CLICK HERE.
BEWARE OF SCAMMERS

Be careful who you trust in Egypt. Many people are out for your money. That being said, you should be able to figure out who is genuine and whose not after the first few minutes of conversation. If a person mentions a single thing about money, simply move along.
Personally, I’ve met some of the most genuine people in the world during my travels to Egypt, so I highly recommend that you attempt to initiate conversation with the locals.
Note: If someone approaches you and starts to tell you that he owns a perfume shop, or mentions the Arabic word “baksheesh” which means “tip” in English, tell them “La, Shukran” which means “No, thank you.” in English and simply walk the other way.
ALWAYS ASK FOR PRICES

Ask the price before buying water, soda, candy, and anything else that you can imagine buying at a convenience store. If you’re used to paying a lower price in other shops for your item, haggle with the shop owner a bit to get a little closer to the local rate.
USE THE CAIRO METRO SYSTEM

The Cairo Metro system is surprisingly one of the more efficient metro systems that I’ve encountered on my travels. Be aware that it’s rare that you’ll run into other foreigners on the metro. I’ve taken the metro countless times and never once saw another tourist or foreigner.
Considering you’ll be a minority, expect the train to go silent at times and when you look up, the entire car will be looking at you out of curiosity.
Did you know that the Cairo Metro system is the first of two built and completed metro systems in the entire continent of Africa?
WEAR COMFORTABLE SHOES

Walking shoes or comfortable sneakers are best when planning a trip to Egypt. Sure, you can wear flip flops or sandals from time to time but please realize that the streets of Cairo and the majority of Egypt are dirty therefore you’ll be sure to return to your hotel with a pair of dirty feet.
DON’T FORGET TO WASH YOUR HANDS

Carry hand sanitizer with you when you travel to Egypt! You’ll constantly be touching doors, hand rails and currency while you’re in the city and you won’t be the only one touching these things. Remember, there’s an estimated 20-25 million people in Cairo. Be sure to wash your hands often and use hand sanitizer whenever you don’t have the opportunity to make a bathroom stop.
WATCH YOUR STEP

Watch where you’re walking while exploring the city. The streets of Cairo are not maintained well. One time I got really lucky and avoided breaking an ankle or worse after my foot and half of my leg fell into a hole in the sidewalk while walking through the city. This was not your typical pot hole, this was a hole that engulfed half of my leg to above my knee. Dangerous isn’t even the word for the streets and sidewalks in Cairo. Beware.
STAY HYDRATED

No worries about drinking tap water because nobody drinks it (including the locals). During your trip, you’ll be buying lots of bottled water. You’ll need it to brush your teeth, to drink during the day and maybe even some to pour over your head after being in the extreme heat all day.
Note: As a foreigner you’ll be charged anywhere from 4 to 10 EGP for a “big bottle” (1.5, 2 liter) of water depending on where you purchase it. Trust me, you can get these bottles for 2, 2.5 EGP. Just haggle with the shop owner and you’ll get it for 2 EGP. If they say that it’s 4, or 5 EGP just tell them that you buy water down the street all the time for 2EGP and they’ll usually have no problem selling it to you. Just be aware of what the real “Egyptian” prices are for certain items and you’ll be fine.
EAT WHERE THE LOCALS EAT

There is a universal rule for consuming food in foreign countries. The rule is to only eat at street stalls and restaurants that are occupied by locals. If there’s nobody in the restaurant during what should be a busy time of day, avoid it. If there’s a line of locals standing in front of a street stall, get in line because you know that it’s not only great food but it’s also very affordable.
CROSS THE STREETS WITH CONFIDENCE

The driving and traffic in Cairo will be shocking to you when you first arrive. Crossing the streets is quite intimidating at first but after you get used to it, you’ll be crossing the streets without issue. Trust me, there’s a science to it! Don’t bother getting assistance from the “Tourist Police” when crossing the roads as it’s not necessary.
Note: If you’re wondering why a police officer is asking you for baksheesh (tip) it’s because they probably just did something for you that you thought was a kind gesture (like escorting you across the road). This happens often so be prepared.

RESPECT THE DRESS CODE AND CULTURE

If you’re planning on traveling to Egypt please do your research before you leave. Many foreigners arrive in Egypt and dress like they’re still in their home country.
This type of behavior can and will attract more unwanted attention, stares, and even perhaps physical advances by Egyptian men. In order to blend in a little more and avoid disrespecting the culture my best advice is to choose your clothing carefully.
Females:
Be sure to keep your knees and shoulders covered at all times.
Bring a scarf to cover your hair when visiting mosques and other religious sights.
Always remove shoes before entering a mosque.
If you’re visiting a mosque and do not have something to cover your shoulders, legs (from the knee down), and hair the staff will likely provide you with an oversized robe.
Bikinis and other swimwear are totally acceptable to wear while at the resorts on the Red Sea.
Males:
Wearing shorts when exploring the city isn’t a problem but you’ll need a pair of longer pants or jeans for the evenings as well as when you visit someones home or get invited to an event.
Sleeveless shirts, tank tops and gym attire is not acceptable. Don’t be that guy.
Think light, comfy and layers for the chilly nights.
Swimming trunks and other swimwear would be acceptable to wear at the resorts or wandering around town in the destinations on the Red Sea.

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