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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 a vehicle which includes cars, Lorries, tricycles, motorcycles, trucks planes have been described as a rare gesture you can do to the less privileged ones such as charities homes, friends, parents, and relations. Some are found to donate cars worth $2000 to write off their tax depending on the models, makers and the condition of the cars in question. Truly, donating a car to a cause is well appraised by many but you should not take the advantage to donate rickety car that has been laid off or packed in your garage for many years which will not be of benefit to the receivers in any way. You should bear it in mind that what you are giving away is what you can as well looked forward to receive from others. Many car owners prefer to sell off their cars instead of donating a car to charity and have their tax deducted. A car given out for donation to charity that lead to tax deduction of $2000, such car would have been put up for $1500 if it were to be sold. The truth is that, it will be difficult for you to get the same amount of money you would have gotten on your tax deduction compare to when selling the same car to a buyer. Donating a car will save you the stress of looking for a buyer of the same car and it will help the receiver to cater for other demanding activities. TIPS TO CONSIDER BEFORE YOU DONATE A CAR · The condition of the car prior to donation must be checked and any faulty parts are restored. A faulty car for donation reduces your chances of getting high tax deduction and vice versa. · Carry out a daily routine on the car to ensure its workability such as tyres, oil gauge, engines are up to date. · Consider your pocket and other finances before you give out your car for donation. Giving out your car for donation is as good as dipping your hand into your wallet and spend without return or increment. · Make a contact with the receivers such as charity home or companies if they will accept your donation or not. Many charity homes or companies accepting this donation usually have criteria for accepting donations. You can search for companies or organisations that will accept your car brand, model etc. · Get professional appraisals that will certify your vehicle before donating a car. You might need the appraisal in case there is demand for it in the long run as regards your tax deduction. · Avoid dealing with large brokers because majority of them take the advantage to take the larger profit when they eventually sell the car and block the charity organisation from getting the profit and at the same time your tax deductions is reduced. Read the detail guidelines surrounding the donation of car so as to avoid middle man, if you are finding it difficult to donate your car, you can contact your attorney for further investigation on which organization to deal with. Donating a car is a rare gesture to do and get your tax deducted and at the same time helping other people to ease their transportation problems. [http://autosolutionpanel.blogspot.com/2010/09/donating-car-rare-gesture-for-charity.html] Article Source: https://EzineArticles.com/expert/Bankole_Mutolib/77805 Article Source: http://EzineArticles.com/5032437

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