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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 car to charity is a great act of kindness that you can give to people less fortunate than yourself. You can also get a nice tax deduction when you donate a car and you will gain satisfaction in knowing that you have made a difference to someone in need. To get the best return for your charity and to keep your tax deduction there are a few simple rules to follow so that everyone wins with your charity car donation. First thing to consider before donating a car is which charitable organization would you like to benefit from probably the biggest donation that you will make in your lifetime. These days there are many car donation charities across the country that accept donated vehicles. You should take a little time and thought as to which charitable cause you really believe in and can see your donation making a real difference to those in need. You need to make sure that the charitable cause you are considering donating to is qualified with the IRS as an approved 501(c)(3) non-profit organization. This is to ensure that you will receive your tax deduction without a hitch. The charity concerned may inform you that they are IRS approved. You should always do your own due diligence and check that what they say is correct by checking out the IRS Publication 78 list of qualified charities. You will need to obtain an acknowledgement receipt from the charity concerned within 30 days of the sale of the vehicle, stating the gross sale proceeds received at auction. If however the charity decides to use the car in their daily business or materially improve the car, they must confirm to you this intended use within 30 days of your donation. You would then use the fair market value for donating a car tax deduction purposes. Record keeping and tax filing requirements when donating a car If your vehicle is sold for more than $500, or is valued at greater than this amount if the charity uses it in their daily activities. You will need to fill in IRS form 8283 on your tax return. If the vehicle gross sale amounts to more than $500, but less than $5000, you would then fill in section A of the form. Any vehicle donated with a value over $5,000 or sold for greater than this amount will need Section B of the form to be filled in. You would also need an independent written appraisal of the vehicle value if the charity is to use the vehicle themselves. If the car donation is sold by the charity, then you would need the signature of an authorized charity worker and attach this to your tax return form. You may decide to obtain the services of an intermediary for-profit organization for your donation. If you take this route you will need to be aware and research the percentage cut of the sale proceeds that the organization takes for their admin costs. Some of these middlemen are reasonable with the sale percentage that they keep from the charity concerned. These organizations will either split the percentage between themselves and the charity, or they may just give a set amount to the charity regardless of the sale price of the vehicle. Thus keeping the majority of the sale price for themselves. So you should keep this in mind if your vehicle is valued at more than a few hundred dollars, you may wish to deal with the middleman who only takes a percentage, rather than the flat fee to charity entities. Percentage taken between these organizations varies widely, so it is a good idea to shop around for a company that offers a reasonable percentage that will benefit your favorite cause. Another important point when donating a car is to remember not to leave the ownership details blank on the car transfer paperwork. Some charities prefer you to leave the ownership details blank to save them time when it comes to selling the vehicle. This can leave you open to risk of parking and speeding fines, or worse in the future if the new owner fails to register the vehicle in their own name. You would be held responsible for any problems that the new owner caused with the vehicle. When donating a car to your favorite charity, your vehicle can help improve the life of someone or family in need, while at the same time giving you a nice tax break. If you do just a little background research before donating your car, you will have peace of mind that your charity has got the most benefit from your generosity. Just remember to keep your paperwork handy for tax return day! You can find guidance on the important tax rules to follow to ensure you get the full tax break for your car donation by following the tips on the following page car donation tax deduction [http://www.donateyourcarguide.com/car-donation-tax-deduction/] 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_Trammell/1125063 Article Source: http://EzineArticles.com/6616821

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