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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.

Junk Is Not Treasure A friend of a friend likely told you how he received a tax break by donating his secondhand and unusable old automobile to an IRS certified charity. Although it may be true that charities may make a little bit of benefit by selling scraps, the labor involved may not equal to or even far outbalance the financial fruits. Think about it, if your automobile has a destroyed engine a rusty frame and is literally of no use, the charity will have to shoulder the disbursement of towing, taking the car apart and then transporting it to the junk yard. All those observed above takes manual labor, and its not free. An Assertion Now you may contend that there are online parties that accept trash autos as offerings. Really, if you do even the leanest inquiry, you will find out that these companies are not charities at all. They are business entities whose job is to be a middleman between people and charitable institutions. Let me put it this way: If your nasty old car sells for $100 then the charity only get $5. $5! What will a charity do with $5?! Be Honest! Be true, if someone gave you a ratty car would you like it? Despite despair, you will probably think, What then?! This thing will cost me more money! You see? that's probably how charities will consider too. As a matter of fact statistics will assure you that as much as 5% of all donated cars are a liability to the charities rather than an asset. On the other hand, if your car is a vintage collectible even if its in actually bad condition you just might be able to get a charity that will be joyful at getting your donation. A vintage car donation is rare because like all antiques they very high resale value, and some are priceless. If you are truly committed to the essence of donating ask the charity to restore the car and then auction it off to the highest bidder. Besides if you think about it, large charitable organizations like the American Red Cross only take proper looking and functioning Automobiles. They need to make a profit so that they can impart it into humanitarian schedules. If your car is only slightly shameful the organization has subsidiaries that refurbish the car. After wards, they will either utilize it to carry out their duties or auction it to raise funds. Don't Be Dejected If your emotional old ride cant qualify as a auto contribution why dont you sell it to a junk yard? arranged for it to towed and then use the money and donate it to the charity. If you want the tax cut that goes will the car contribution, don't fret because cash donations are also deductible as long as it is made to an IRS certified organization. The demands are pretty much the same as making a car contribution. This is simply a friendly reminder that the role of giving is to help. Christopher Jackson is a marketer and avid follower of latetest search engine optimization and health news: To take advantage of this inside knowledge, more make sure you check out his site at [http://www.profitability-goal.com/seo-services] Article Source: https://EzineArticles.com/expert/Christopher_Jackson/26605 Article Source: http://EzineArticles.com/1330126

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