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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.

Cars that are donated to charity are mostly sold in volumes by the charity in order to raise funds for that particular charity organization. Other charity organization uses the donated cars for their own personal use such as hauling goods or for their own means of transportation. In case the vehicles are sold by a dealer on behalf of the charity then the charity ends up getting a flat fee for every car. The amount is usually very little. Before a donor decides that he/she wants to donate a car to charity, there are certain factors that should be followed; a donor should ask for documents from IRS to determine and verify the tax exempt status, this is followed by a confirmation of weather the charity of your choice is eligible to process tax eligible contributions. It is very important that the donor insists on a receipt from the charity that the donation is being made to. Audits by the IRS department are mostly triggered by the non-cash donations so a donor with most probably insist on documents to value the car being donated and at the same time keep sound records of it. When an individual wants to donate a car to charity, the donor is required to fill up a written acknowledgement with the charity and file with their tax returns for proper records and to avoid any hitches during their tax processing process. All this apply only if the car being donated exceeds a resale value of more than $500. The charity must provide the donor with a certificate after selling the donated car in order to allow the donors tax deduction process. If the charity decides to keep the car for its own use, then the donor must be provided with a receipt within 30 days from when the car was donated. This might mean that the donor might also be provided with a documented statement sating on how the charity organization plans to use the car. Authorities are eligible to deal with charities that provide falls acknowledgment to the donor. To avoid being defrauded by fraudsters, before you donate a car to charity it is important to take a picture of the car and keep all the documents and receipt in a safe place in order to verify its value in future incase some issues arise. It is the donor who is authorized to value the car and not the charity and it is still the donor who is supposed to pay any penalty in case the figures are found to be in accurate. Learn how to donate a car [http://www.donateusedcars.org/donate-a-car-to-charity] to charity at my site. Discover how to donate used cars [http://www.donateusedcars.org] and get a tax write off at my site. Article Source: https://EzineArticles.com/expert/Ricky_Lim/31848 Article Source: http://EzineArticles.com/3470731

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