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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're thinking about donating your car to charity to get the best tax deduction possible there are a few things to keep in mind. Most likely it will go off without a hitch but there is the possibility that you could encounter a few problems along the way. To help you have the best car donation experience here are a few used car donation tips to keep in mind, whether a good car, an old car, a heap or junk car. Even beat up or cars that are not drivable are considered by some donation charities if they can be sold for parts, so don't eliminate your car if it's not drivable. Many charities insist the car be drivable or fixable however. Choose a charity that has a name that you recognize. National charities with local chapters may be a safer bet. Names like the Salvation Army, Goodwill Industries, Kidney Foundation (there are several) etc. But be careful because there are some charities with similar sounding names. Be aware that many charities hire middlemen called car donation brokers to handle their donations. When this happens, the charity will get only a small percentage of the final value of the vehicle - used car, truck, RV, boat, airplane, etc. And the car donation broker will keep the majority of the money from the sale when they sell it. Once you've selected the charity make sure to check with the charity to see how they financially benefit from the car donations. Is it through resale of the car or will they be providing it to someone who needs transportation but can't afford to buy a car. You may have some feelings about how you want the car to be used. It may also be used by the charitable organization itself to haul goods, food and people. Check out the charity with the Better Business Bureau in your area. They may have some records as to any car donation issues. Make sure the charity is registered with your states' government agency that regulates charities. This will likely not be necessary if it's a nationally recognized charity. Check to make sure the charity is tax exempt because many smaller charities may not be. Another thing to check is do they sell the car on their own car lot or do they hire the car brokers mentioned above to do that. If your car or the vehicle you plan to donate is worth more than $5000 get a professional, written appraisal. It will be up to you to know the value of the car. For your income tax records take several pictures of the car both inside and out and keep copies of Craigslist and classified ads and NADA and Kelley Blue Book guide estimates for vehicles like yours. The IRS publishes publication # 561 and #526 that will help determine the value of donated cars, trucks, vehicles and other property. And make sure the title of the car is transferred to the charity by name and keep a copy of it. Contact your state DMV to see what to do with the plates. Notify your insurance company and the DMV that you no longer own the car or other vehicle. These are just a few of the most important tips to keep in mind to protect yourself when you're considering car donation for tax deduction. There are many other tips you should know before you donate a car to charity. Next for info on choosing the best charity car donation, car donation program, used or charitable car donation online and offline go to http://www.Car-Donation-Info.com for tax deduction tips, reviews, and info on all types of car donation Article Source: https://EzineArticles.com/expert/Helen_Hecker/23532 Article Source: http://EzineArticles.com/4793966

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