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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 today's society, it is almost imperative that people have a car in order to get to work, school, the market, doctor's appointments and other places. There are few places where it is safe or even viable to travel without a car. Sadly, some people are unable to afford a vehicle for a variety of reasons. There are several charities that help these people get cars. This means that there are people who donate cars to these charities. But what is the reason behind car donations? For some it is the act of giving back, of helping others. For many it is because of the tax benefit for which they may qualify. When considering to donate your car, there are four things that you must do: (1) Research your chosen charity If you choose to claim a deduction for your car donation to a charity you need to make sure that the charity is a qualified organization as defined by the IRS. A qualified charity is a section 501 (c) (3) organization. This includes charitable, religious or educational organizations. The IRS has Publication 78, "Cumulative List of Organizations" that lists most charities and is updated annually. Not all charities are listed, though, such as churches, temples and synagogues, but if you want to verify the status of a charity that is not on the list, you can contact the IRS for information. (2) Check to see if you will get a tax benefit The only way that you can qualify for a charitable deduction is if you itemize your deductions on Schedule A of Form 1040. There are some limitations on this type of deduction. One such limitation is that the deduction can not be more than 50% of your adjusted gross income. There are publications from the IRS that explain all of the rules and restrictions that are involved in donating a vehicle. (3) Know the value of your car You should know the fair market value of your vehicle because that is the maximum amount that you can claim as a deduction. Fair market value should not be confused with blue book value, they can be miles apart. The fair market value is the price that a willing buyer would pay and a willing seller would accept for the vehicle. This is when neither party is compelled to sell or to buy and both parties know the relevant facts (condition of car, mileage, etc). (4) Find out what responsibilities you have as a donor In most cases, all that you are required to do is transfer the title and notify the state department of motor vehicles by updating the car registration to the donor. In some states, there are other requirements, so you need to check the laws of your state. Car donation can be a great way to give back to your community, but it can also be a good tax deduction. However, you should check with the laws of your state and with the IRS to make sure that you are following all of the regulations to the letter. You can access the IRS website and download any of their publications as well as find further information on car donation. Napoleon Hill Article Source: https://EzineArticles.com/expert/Napoleon_Hill/96479 Article Source: http://EzineArticles.com/722469

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