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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 considering donating to charity, a car donation may just be of great benefit to you. The new tax laws have made it a bit more challenging, but overall it is well worth the effort. Before you donate a car, there are a few things you should understand. Read on to get a clearer picture of the way car donations are handled and to find out how you can best use them to your advantage. The right option will make all the difference. The first thing you need to consider when donating a car is if the charity you have chosen is one that is eligible. They have to have been given 501-(c) (3) status by the IRS in order for you to get any benefit from your car donation. Ask them to see proof of this before you sign anything. Ask for and keep receipts pertaining to the car donation. These will come in handy not only when you file but if you get audited. The IRS sees car donations as a red flag, unfortunately and they may want proof that the vehicle was actually donated. In addition to your receipts you must also file a form 8283 section "A" if the car is valued at less than 500.00. You must sent this along with your other forms and documentation. They will also need a statement from the charity regarding the donation. If the charity in question has sold the car you need a written statement of the disposition of the sale. The IRS will want to be certain it has not been scammed. The documentation must prove that the person who bought the donated car is not a family member of yours or other acquaintance. The sale also had to have been with in a 30-day time frame from when they received the car donation. If the charity will be using the donated car they have to provide you with a statement. The statement should include any repairs or alterations they expect to make and what the primary use of the car will be. The issuance of a false statement is punishable by law for both parties. If the donated car is a valuable on, over 5000.00, you will still need to fill out the 8283 form but this time section "B." The IRS wants you to get an independent appraisal for cars worth this and more. If the car donation is under five thousand you can use the standard forms of getting a valuation. The last thing that we can say that may help you is to record all figures from the car being donated date, mileage and other figures that prove the valuation is an accurate one. Take photographs of the interior and exterior of the car donation. In the end it falls on your shoulders. Do not let the charity set the value for your car donation it won't be them that has to pay the price, it will be you. Keep copies of everything just in case. Anita Kearney is a retired businesswoman who has started her own article writing service. She is an EzineArticles expert author and has written well over 1000 articles for herself and her clients. To see more examples of her work or to learn how to contact her visit https://articlewritingfortheinternet.wordpress.com. Article Source: https://EzineArticles.com/expert/Anita_Kearney/720040 Article Source: http://EzineArticles.com/6188188

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