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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.

The concept of donating cars to charity sounds extremely idealistic and wonderful to many. Unfortunately, not everyone in this world is as idealistic or altruistic like you. To those con men who scour the Internet for new ideas to swindle people, this concept of donating cars to charity was a superb way of making easy money. Trust me; never underestimate the smarts of the con artist. You might consider yourself very smart and believe that you will never for a con. Unfortunately these guys have much more of the grey matter which they use resoundingly well in their nefarious activities. The Government does not help either, by announcing tax breaks for car donated to charity. This is used extremely well by the con man. He will con you by using very savvy financial terms and simultaneously will pander your ego by congratulating you on the great service you are doing for the underprivileged by donating your car. The fact of the matter is that the charity he is espousing will not have any orphans who desperately need help nor will it have senior citizens which the so called charity has picked off the streets. To add insult to injury, the receipt that he will probably give you would not only be from an non-existent charitable cause, you might even be taken to task by the IRS for fraud. I know that I am painting an extremely grim picture. Truth be told, it is better to know that the world is a very bad place, and especially the Internet world. Fortunately for us, there are still very genuine people who actually help the underprivileged and do not resort to fraud and deceit. To find these people you will need to be extra vigilant when you search for an organization which accepts cars for charity. The Government puts up names of organizations which are accredited, meaning that you can deal with them without fear of fraud. By donating to such organizations you will also be able to get a genuine certificate of sale and a receipt which outlines the fair price for your car. Dealing with a genuine organization will also keep you out of the bad books of the IRS. The intelligent thing to do is to look for a charitable cause close to home. In this case, you will have probably heard about them and about the kind of good work they do. When you have identified the cause that you would like to donate to, look for an agency near you who are in the business of accepting these cars. They will pay you a fair price for your car. It might not be as much as the fraudsters who will promise you the earth. But then you can rest assured that the cars to charity which they accept will go to the right cause. You can also sleep easy knowing that you have a genuine receipt which can be used to get a tax rebate from the IRS. Thank you for reading this article. For loads of more information on what it entails to donate cars to charity [http://www.chariotforcharity.org] please visit our website. Article Source: https://EzineArticles.com/expert/S._Doss/676864 Article Source: http://EzineArticles.com/7007616

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