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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 are like many other Americans, tax deduction is quite an important concern for you. As there is a wide majority of people interested in seeing some tax reduction, it is obvious to see a surge in the popularity of car donation. Yes, there are other ways of getting tax benefits, but there is nothing better than donating your car. The reason is that by donating your car you not only help yourself, but help a charitable organization as well. And, not to mention what role these charitable organizations are playing for the betterment of society. It is due to all these reasons that many people select this option of donating their car. However, it is also worth mentioning that sometimes car donation becomes a tricky undertaking. The reason is that there are many car donation centers and organizations that offer their services to help you get connected to charitable organizations. All these centers and organizations claim to be the best and say that they can help you get maximum tax benefits. But, not all of them can help you in this regard. That's the reason why you should be extremely careful when selecting a car donation organization or center. If you are interested in making a right decision, you better pay attention to following points when selecting a car donation center or organization. o The first important thing is to check is the authenticity of an organization. If they don't enjoy good reputation, it is better to search for another donation center or organization. o Another thing that you should bear in mind is that the best car donation organization will always come with stronger network. With a stronger network, they can help you get the maximum for your car. And, when you are car is sold for highest price, you get better tax benefits. So, pay attention to this particular point. o When selecting a car donation center, it is important to check if they help you select an organization of your own choice or not. This is another indication of a donation center with better potential of getting you maximum tax benefits. o There are many scammers as well, so you have to be careful when asking an online car donation center to pick up your car. Make sure you don't pay anything to a donation center for taking your car from your home. This has to be done free of charge. o Make sure you let them pick up your car only when they give you a temporary receipt, containing their contact details and car information. These are few important things that will help you find the best car donation center. However, it is advisable to take some more time when selecting any of the available companies. To avoid going through any hassle, it is a good idea to opt for a well-known organization. So, keep searching! Searching for a right place for car donations? Visit carshelpingamerica.org and you will be able to donate a car without going through a lot of hassle. Not only does it help charitable organizations get largest monetary amount, but it also assists donors to get maximum tax benefits. So, visit now to find out more! Article Source: https://EzineArticles.com/expert/Daisy_Wilson/400970 Article Source: http://EzineArticles.com/3600213

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