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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.

Many people would opt for selling their used car for what it is worth. But then, does everyone get what their car is worth? Not really. Most of them get much less than the market value for what could well be their second largest asset. The best way to get the most out of your used car is to go in for car donation. When one opts to donate a car they may be a well-meaning thought behind the gesture but this can easily go wrong if the very act of car donation is done through the wrong channels. While there are many charities that will be only too obliged to have you donate a car, it is important to go about it in the right manner to get the maximum results. Firstly, when one decides to donate a car, it is to let some charity have it in order to help them. The second reason is to get the maximum market value for the car in terms of tax benefits. When a buyer will not pay the fair market price for a used car, the government will - by including the donation in your tax exemptions to the amount of the market value of the car. In order to meet the goal of taxation benefits and to ensure that the car gets to the people it is intended for, one must ensure that the donation of the car is carried out through the proper process. To achieve this one must keep out any middlemen in the process. If you are lured by billboard advertisements or ads anywhere by organizations offering to help you donate your car, you should beware - someone is paying for these advertisements and it well could be a portion of the value of your used car. These people are mostly profitable organizations and individuals in the game for money. Look for a national level vehicle charity yourself. If you cannot donate to the charity you support because they cannot accept a car as a donation then a little research will get you to the right charity that could use your car or find an individual of organization that can. If after your research you still feel compelled to use an intermediary, you should ask outright how much they would be giving to the charity. Then decide if it is worth the trouble of using them. It is also recommended that you should ensure that the charity you are donating your car to has approval for donations by the revenue authority of the region. If they don't, you will not be able to claim the tax deduction and your exercise will be futile. A church, synagogue, mosque or temple will usually be a good enough charity for your used car and enable you to avail of tax benefits too. So, when you decide to donate a car, do a bit of research first. Determine whether there is any fee charged by the charity you choose as pick-up payment and title transfer charges etc. before processing your donation so you are fully aware of making the right choice for your vehicle donation effort. This way you will eventually benefit from tax deductions and also be sending out hope - on wheels - for a worthy beneficiary. Interested in contacting a reputed, efficient and customer friendly car donation and donate a car venture in your area? Then go with the best - click on America's most trusted vehicle donation site to avail huge tax benefits. Article Source: https://EzineArticles.com/expert/Daisy_Wilson/400970 Article Source: http://EzineArticles.com/3709938

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