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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.

If you have an older car that needs repair, at some point you will be faced with the choice of whether to fix it, dump it or donate it. The decision about whether to fix your car depends on the nature of the needed repair and whether or not you can do the work yourself. If you are handy with cars, you might decide to fix the car yourself. If not, you need to know the value of your car. If the cost of repairing it is more than the car is worth, it does not makes sense to fix it. One thing to consider when making the choice about whether to fix your car is how often it breaks down. If your average monthly repair costs are equal to the cost of a better car, it is probably time to dump or donate your car. If you are on a first name basis with your mechanic or you have him on speed deal, it is time for another car. The safety of your car should be another consideration. If your family is riding in a car that is not safe, you need to get rid of it. Also, if the car has a lot of rust, gets horrible gas mileage, has been in a flood or in a serious accident, you should strongly consider replacing it. Once you have made the choice not to fix your car, you then have to decide how to dispose of it. You do not want to sell a potentially dangerous vehicle to an unsuspecting person. If that is the case, selling it to a private person should not be an option. That will narrow your choices down to selling it to a junk yard or donating car to charity. The price you will get from a junk yard depends on your location and whether you can drive the car to them. The average price a junk yard will give you for a car you can drive it in is $200. If the junk yard has to tow your car, you will get about half that amount. Many people mistakenly believe that they can only donate car to charity that runs and is in decent shape. Many charities are happy to take cars that are old or are in bad shape. Most car donation charities have contracts with parts yards to take cars for a pre-determined amount. That amount is usually more than someone could get on their own. In any case, when you donate your car to charity you get a tax deduction of at least $500. If the charity is able to sell your car for more than $500, you can claim the sale price as your tax deduction. All you need to do to claim your tax deduction is to itemize on your federal tax return. Besides getting a tax deduction and getting rid of a car that is giving you a headache, the other good thing about car donation is that you can help to support a cause you believe it. Karen Campese is the Co-founder and CEO of Cars4Charities, a not for profit car donation center. They have over 1,000 respected charities that you can donate car [http://www.cars4charities.org/] to. When you donate your car, you get a tax deduction and help a good cause. Article Source: https://EzineArticles.com/expert/Karen_Campese/14891 Article Source: http://EzineArticles.com/6881250

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