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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.

Buying any new automobile is a fun part of life. Even if you are buying a previously used model - it's still new to you. You get to finally get out of your older car and get one that is newer, shinier or more dependable. However, that brings about a problem: Now you have to decide what to do with your old car or truck. Have you considered a goodwill car donation? If your vehicle is old, you aren't likely to get much for it on a trade-in anyway - even though most car dealers will fool you into thinking that you will. If you don't trade it in, you have 3 further options: 1. Attempt to sell it by yourself. The drawback to this is now you need to get it working and or looking good. And regardless of how much trouble this may or may not be, now you must advertise as well as go through the hassle of actually selling it. 2. Keep it for an extra vehicle for those times when you may need it. But now you'll need to pay for the extra insurance coverage along with maintenance, licenses and fees every year. These expenses are now "extra," because now you have to also pay for your new vehicle at the same time. 3. The third alternative would be to give your car to a charitable organization! A goodwill auto donation is actually a great way to make space for your new vehicle while doing something good for folks less fortunate than you. Let's answer a few questions you probably have regarding donating your car to a charity: Q: Will my vehicle need to be operating as well as in good condition to be donated? There are going to be some charities that need your car or truck to be in running condition when it is donated. Typically this is because they intend to provide the car to some family in need. But in most cases, they do not care if the car is running or if it is a heap of junk sitting in your front yard rusting away; they'll have it towed and sell it to a salvage yard. The cars and trucks that require minimal repairs may get restored and then sold or offered to households in need of assistance. Q: Is it better to sell my old car - from a personal financial standpoint - or are car donations more beneficial to me? This can be a tricky question. Naturally it is better for both the charity and people that may benefit from your car through the charity, if you can afford to donate your car or truck. Many people, however, need the money that their car might provide them from a trade-in, and others simply want the money - even if they don't really need it. A good guideline is to find the Kelly Blue Book value of your car or truck. If it's lower than a thousand dollars, you should not waste your time trading it in or selling it. Because it will mean a great deal more to some charity compared to the tiny amount of money you could potentially receive. One suggestion maybe you have not considered: Sell your used car and split the money with your charity. This would be perfect if your selected charity does not take vehicle donations, because ALL charities can use cash. Q: Are there different goods I could contribute aside from vehicles? Almost everything which has value or can be sold for almost any amount of money, will be accepted by most charities. Lawn mowers, ATVs (all terrain vehicles) watercraft, airplanes - there's a charitable organization which will take them. And they understand how to squeeze as much money from them for their charitable causes as possible. Some non profit organizations, like the Salvation Army, will accept clothing, household furniture, books - anything that you might find in a yardsale. But needless to say, you can always donate money. This eliminates all the charities' complications associated with trying to transform old yard sale junk into money. Q: Where can I find out more information regarding goodwill auto donations? There are a number of established car donation charities that are not only legitimate, but make it simple for you to donate your old car or truck. You can call 1-800-Charity-Cars to find neighborhood charities in your town that take old cars. You could also search the web. There are tons of web sites dedicated to vehicle donations. Several online vehicle donation web sites offer you bonuses for your donation, such as Disney Park passes. This is in addition to the standard tax breaks which you are eligible for. A goodwill automobile donation will get your old auto into the hands of someone who is genuinely in need of assistance. So go ahead and do the right thing: Help somebody less fortunate than yourself while getting a tax deduction - and getting rid of that old vehicle! Charles is an automotive enthusiast and has been writing helpful articles for years. Discover more about goodwill car donations at http://goodwillcardonation.org Article Source: https://EzineArticles.com/expert/Chuck_Brown/30237 Article Source: http://EzineArticles.com/3818096

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