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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.

Car donation programs are a fund raising tool used by non-profit organizations; they resell donated cars and use the profit to further their charitable causes. You may feel inclined to give your automobile to a cause like this, but even when you have the best intentions you need to make sure the organization is a reputable one. Make sure you only donate your car to charity that will keep less than 25% of the proceeds for their own administrative needs, and use the rest for the cause. There are plenty of organizations that look like charities but are not. Some are for-profit enterprises, and they accept your car donation in order to take 5 to 10 percentages of the earnings before giving the remainder to the charitable organization. Always make sure that you call the charitable organization that you pick to receive your car and make certain that the earnings they get go immediately to the organization you choose to donate to. You need to call them first so that you can personally check up on the details of their car donation process. The first thing you need to do is a pick a charitable organization that you believe in to give your car to. When you find a cause you want to support, phone the charitable organization yourself and inquire about just what percentage of the proceeds go to fund the programs and what percent pays for administrative and business expenditures. When you bring in your car, the charity is going to check your information and exactly what kind of automobile you are going to donate; year, make and model. A few might ask you for the Vehicle Identification Number (VIN) for the auto, the condition of the vehicle and also contact information and facts so they can come get the vehicle. Once they have the details generally it takes about two to four days for them to pick up the vehicle. Once again never give your car to an organization that will not give more than 75% of the sale of your vehicle to the cause. There are plenty of associations which look just like benevolent organizations but are not. They are regular businesses looking to profit, receiving your cars as well as giving only five to ten percent of the earnings to charity. Car donations are good way to dispose of your old automobile and get tax benefits out of it at the same time. Yes, you could possibly get tax benefits if you give away a car to a charitable group. Just be sure to keep all of your receipts as well as some other legal forms of which are given to you when you complete the transaction. So if you ever happen to have an old vehicle that you wish to dispose of, car donation can be a great alternative. Not only because you'll be able to get some sort of tax incentive from it, but you get to help a lot of men and women in need. Why not donate a car [http://www.1800cardonations.org/donate-a-car/] to a charity organization rather than selling it for a few hundred dollars? There are many car donation [http://www.1800cardonations.org/] programs that are very helpful to charity. Article Source: https://EzineArticles.com/expert/Marc_Madden/447208 Article Source: http://EzineArticles.com/3892177

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