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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.

In case you have or will have an old junk car sitting outside your house that you just do not feel like messing with at the moment, why not put that car to good use and contribute it to donate car New York? Let's check out the different ways that both you and your charitable organization of choice can usually benefit from a car donation. If you are looking to sell a car in New York, you'll have to go through the typical method of putting up an ad, displaying the automobile to individuals, maintaining it in running order, and so on. Ultimately, you might end up with $100 in your pocket, all of these you have to spend on headache treatments to combat the strain you merely experienced. Rather than carrying out all that, you may donate your car to charity and permit someone else to undergo the hassle. You get the automobile taken away free of charge, and the charity receives the cash after they finish a sale. The money which they get from the automobile is likely a lot higher than what they would have gotten coming from a cash contribution, so you're doing them an excellent favor with the automobile donation. First, you have to ensure that the charitable institution in which you make a donation is officially registered, and can accept donations for tax deductions legally. You're likewise advised to locate a charity that provides an automobile shuttle service for free. Second, you can see in the Kelley Blue Book or IRS Publication 561 that contains how to figure out the value of donated property. For additional information you can read IRS Publication 526 concerning non-profit donations. You'll need a certified appraiser if the value of your car is greater than $ 5,000. Third, you would then obtain a receipt from a charity concerning the donations. In this document established the date of donation, federal tax number, your name, as well as date of your respective donation. There's also information regarding your donated auto. Fourth, you must notify the DMV and follow the processes on just what to do for your vehicle title and plates. You should likewise inform the insurance company, the IRS 8283 form to become an alternative form to your settlement. Save the form, because you'll utilize it to reduce your own tax. Car donation services tend to be most active within city areas including L.A or New York. However, vehicle donations in rural areas are picking up significantly. While there are plenty of vehicles donated in city areas, it is often charities in more rural areas that will need assistance. Regardless of where you live, you can be certain that donating your car will probably be much appreciated by various non-profit organizations. If you're planning on donating your old vehicle to charity, make sure you check out donate your car. Keep in mind that the car donation service offered will certainly donate your vehicle to a charity, and not keep the contributed vehicle for their own use. Bring a smile to a disadvantaged child by donating your vehicle to donate car New York [http://donateacar4charity.com/donate-car/donate-car-new-york/]. You can help various charities through the donate your car New York [http://donateacar4charity.com/car-donation-new-york/] to be sure that your undertaking will certainly reach people who are in need of assistance. Article Source: https://EzineArticles.com/expert/Christine_Hanson/1153428 Article Source: http://EzineArticles.com/6471666

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