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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.

Must You Donate Your Used Car? The first step we will take before we answer this question is what we all do when we get a new car. The car you just got may not be brand new. Even if it is a fairly used car but since you are getting it for the first time makes it a new acquisition to you. What then happens to the former or old car you were using before you got this new care? Some may resort to trading off their old car once they get a new one while, others may opt to use the old car in partial exchange for a new car. While these two options are popular, it is not every car that will qualify to be so traded. The old cars in these categories must be new enough to command some values in the market place but, if you are face with a situation where your used car is too old to attract any appreciable value, you have a good option of donating the car to charity. Car donation is awesome in the sense that you will be adding value to someone's life through the donation and getting some benefits in return. Facts about Car Donations and Those That Receives Used Cars Donating your used car to charity is a just course and care must be taken by you to ensure that you are giving your car to the right organization. Some of these organizations are: - American Red Cross. - Boys Scout Association. - The United Way. - United Breast Cancer Foundation. - Humane Society e.t.c These organizations which are non-profit concerns accept car donations. They have various websites where you can just log in, fill the necessary form and have your car donated without hassle. They will pick up the car from any location and handle any other related issue that may come up. Ascertain the Legitimacy of the Charity Firm Some charity organizations such as American Red Cross are well known but, this does not mean that they are the only trust worthy organization to donate a car. A lot of other charity firms are equally trust worthy and are doing humanitarian works but, it behooves you the car donor to ascertain if the organization is legitimate if you are in doubt. You can check through your local Business Bureau or search online to determine if the charity organization you want to give your used car to is credible. You want to add value to the lives of the less privileged and would not want to give out your used car to few scammers who are pretending to be charity organizations. The car you are donating may or may not be in functional condition, the charity organization will take it as it is and either fix it up or sell it as, metal scrap to get more money towards their humanitarian works. Car donation has existed for as long as there were car but not many know that they can even get tax deduction from these abandoned cars they donate to charities. Car donation is very popular in advanced countries and if you need more information about donate a car, you can get loads of it at carshelpingamerica.org Article Source: https://EzineArticles.com/expert/Ima_Johnson/259385 Article Source: http://EzineArticles.com/3486413

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