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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.

Donating your car to your favorite charity lets you help the charitable cause that you really believe in supporting. It is however the car donation tax deduction that you receive from that nice tax man at the IRS that rewards you the most in your donation. As your donation will probably be the largest that you ever give to charity, for you to receive your vehicle donation tax break it is vital that you follow all the rules of the donation process. Although not complicated, you need to ensure the correct paperwork for your car donation tax deduction to stick on tax return day. Car donation tax deduction - procedures to follow & paperwork needed for a successful donation When it comes to donating a car for tax deduction, first and foremost you need to check that the charity you are considering is one that is IRS-approved and listed as a 501(c)(3) non-profit organization. You will find a list of eligible charities on the IRS website under publication 78. If the charitable organization that you wish to donate a car to is not listed then you would be unable to claim a car donation tax deduction and you should probably consider another charity for your tax break. When to use vehicle fair market value for your car donation tax deduction You can use the fair market value of your vehicle in two scenarios: If you know that your car will have a value when sold of less than $500, or If the charity beneficiary of your donation uses the vehicle in their day to day charitable business, rather than selling at auction, then you can use the fair market value in this situation as well. If your charity takes this option, due to tax rules that came into force several years ago, the charity concerned will have to provide you with an acknowledgement inside thirty days of your donation stating the cars intended business use. This same tax law also makes it necessary for the charity to provide you with a receipt of the proceeds within 30 days of the sale at auction of your vehicle. You can find the current tax break rules with the IRS Donors Guide to Car Donations publication under IRS Publication 4303 on the IRS website. If you are in the position of using the fair market value of your car for your tax return, then your easiest option is to find your car value with one of the many trusted sources online like Kelley Blue Book. If you are not in a position to donate a car to charity then keep in mind the same tax breaks apply to the donation of other vehicles as well. Motor homes, trailers, trucks, boats, snowmobiles and jet ski's, plus motorbikes often have the same tax benefits as a tax deductible car donation. However, for these vehicles it is vital to check for any tax rules that apply specifically to these other modes of transport. Your accountant should be consulted if in any doubt of the validity of your vehicles tax deductible status before you list the vehicle as an itemized tax return item. If you simply keep these rules in mind when you donate your vehicle, then your car donation tax deduction will be assured and you will have made a big difference to your charitable organization. More importantly you will have the satisfaction of knowing you have helped someone in need, and at the same time be rewarded with a tax present from the IRS. You can find guidance on the important steps to take in getting the most value out of your car donation by following the tips on the following page Donating a car [http://www.donateyourcarguide.com/donating-a-car/] Further information on finding the right charity for your car donation can be found on the website here: donate your car [http://www.donateyourcarguide.com/] Article Source: https://EzineArticles.com/expert/Paul_Treweek/702940 Article Source: http://EzineArticles.com/6616773

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