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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.

Car donation programs have witnessed equal number of successes and flaws in the recent time. Existence of genuine car donation centers and scammers has put a question mark on the fairness of these service providers. Constant warnings from IRS and sufferings from car donation rip-off have issued an alert for the car donors thinking to hire these intermediaries. Not every these donation centre is associated with frauds and one can gather useful information to choose a genuine car donation centre. Here is a complete discussion on this. What Types of frauds? Here are some ways that can indicate these donation companies to be fraudsters: o First of all, the companies advertising tax deduction advantage on car donations, equivalent to the market price of the vehicle have less standing for their legitimacy. o Second, the companies that offer a diminished fraction of their earning from the car's sale to the charity should be considered as scammers. One of the main aims of these donations is to provide help to the people in need. However, many cardonation centers consider it from business point of view and your motive to help a charitable organization takes backseat. o A third type of frauds indication is when the name of the charity is not mentioned in the title of the vehicle donatedby you. For IRS, it is an important proof to find the name of the charity in the title transfer documents of the vehicle. Only then, the donor is considered for tax deduction advantage. o Some of these car donation centers display the names of charities that don't exist in real. To attract the attention of the donor, these donation service providers use the names similar to those of the popular charities. Avoiding Car Donation frauds Car donation rip-off are easy to avoid by spending some time towards the noble cause, so that you and the recipient are benefited from the donation. Here are few guidelines to help you in this regard: o Learn about these donation company from reliable resources. The company must be government authorized and must possess a legal license for providing these services. State Attorney General and the Secretary of State are two significant sources to get information about these companies. o Make sure that you are dealing with a donation center that has no objection in providing you the written records of the donation process. o View the financial statements of these donation center that can be easily availed from its authorities. These records are easily available for public viewing and the company can't deny showing them. o Get to know about the charities these donation centers work with and visit or contact the representatives of charitable organizations. These organizations must be legal and eligible to accept car donations. By being an informed car donor, you can make your donation reach the deserving hands and also, enjoy the rewards by avoiding car donation rip-off. If you plan to donate a car to one of the car donations centers, you can actually enjoy more benefits than selling a car at reduced prices. To learn about the facts related to this, you can visit the online information guide at carshelpingamerica.org. Article Source: https://EzineArticles.com/expert/Terro_White/201552 Article Source: http://EzineArticles.com/2930946

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