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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.

The subject of car donations to charity has come up several times this week. When you are the owner of an aging vehicle, and it stands you up twice in as many days, then serious thought sometimes has to be given to replacing it. I have been very attached to my old blue Mustang but I also knew that this day would inevitably come. The repairs are starting to become crippling every month, and it makes no sense to keep the old girl going. She is too good for the scrap heap though, and the whole idea of donating my car to charity came about because of a suggestion from a work colleague. Everyone knows how attached I am to my car, and when she began giving me trouble it was said to me at work as a bit of a joke that she would be a good car donation for one of our local charities. At first it hurt my feelings a bit, but then the more I thought about it, the more I warmed to the idea. Evidently there are several local charities that accept car donations, then bring the car up to a sound mechanical condition, and then present them to needy recipients who are then able to use the cars to find work. The more I thought about this, the more I liked it. The idea sounded really good to me, much better than my beloved car ending up being sold off bit by bit for spare parts. The thought that my car would make such a difference in someone's life was a very nice feeling to have. My car wouldn't be worth all that much, maybe between $1,000 - $2,000. Donating car to charity, I will be able to receive a tax deduction, but the best part is that I won't have to be bothered trying to sell it privately or undergo those notoriously draining sessions negotiating a trade-in price with a car salesman. I have also been told that the whole process is extremely easy, as the car is collected and all the paperwork organized for me. I am aware that with the recent changes to the IRS laws that car donations to charities have suffered badly. This has been because taxpayers have in the past overvalued their cars that they have donated. Now, under the new rules, the amount of deduction can only be determined once the car is sold. The charity then notifies you by way of receipt which shows the exact amount that your car made at auction. Because the charity is going to make improvements to my car, I will be able to use the Fair Market Value which is listed in the Kelley Blue Book to determine my tax deduction. This is much better than having to wait until the vehicle is sold at auction and hoping for a good price and hence a good tax break. It's a good feeling though, one that I highly recommend. Car donations can mean a world of difference to so many people, and not just those in the USA. Many of the car donation charity organizations work internationally, and the dollars raised on each car sale goes a very long way in providing humanitarian aid as well as disaster relief right throughout the world. Car donations [http://new-grants.com] are one of their major grants' sources. On his website New Grants [http://new-grants.com] Sam Butler's presents practical advice for both, benefactors and beneficiaries. Article Source: https://EzineArticles.com/expert/Sam_Butler/64166 Article Source: http://EzineArticles.com/618829

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