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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 has come to stay and is really popular these days. For more reasons than one, car owners will readily donate their old used car to charitable organizations instead of going through the hassles of car sale or auctions especially if the car is relatively old. Another attractive factor in used car donation is that the donor gets some tax reduction after his donated care must have been auctioned. Comparing Used Car Donation vs. Trying To Sale Same Car When you donate your used car to charitable organizations, you have the peace of mind that you have positively contributed to the causes of the less privileged in the society. You also get some tax reduction when the value of the car you donated is calculated. You would be troubled with the stress of finding a potential buyer for your used car which may or may not be too old to attract any reasonable monetary value. The issue of some unforeseen buyer complications is completely erased. These simple points can save you a lot of time when dealing with your used old car and once you had made up you mind to donate it to charity, there are some tips you need to know. Important Points to Know While Donating Your Used Car to Charity The first thing you must do is to familiarize yourself with how Internal Revenue Service recognizes car donation and the tax deductions that attains to donors based on other relevant laws. The next step is for you to find charitable organization that works in the direction you are passionate about. You may also want to donate to charities in your locality. You can find the comprehensive charity listing online or simple look through your locality to see which charity you will donate a car. Make sure that proper record of the donation is taken so that you can be able to claim your tax deductions from the Internal Revenue Services [IRS]. Your tax deduction claims must be accompanied by the verifiable car donations sales proof from your receiving charity firm. Donating your used car to a charity organization can be soothing if you take time to understand the simple process involved in car donation. It is also important to note that the value your car attracts requires different assessment from the Internal Revenue Service. For example, if your car is valued at less than $500, you may just go ahead and deduct the amount from your next tax bill. But if it is from $500 to $5000, a properly filled IRS form attached with your annual return is required. If on the other hand your car has a market value that exceeds $5,000, an independent appraisal is required and this will be accompanied by a written confirmation before your tax reduction claims will be looked into. As you can see from the above details, there are more to car donations but the good thing is that at the end of the day you will be glad that you donated your car. There are countless information on donate a car at carshelpingamerica.org which is dedicated to car donation. Article Source: https://EzineArticles.com/expert/Ima_Johnson/259385 Article Source: http://EzineArticles.com/3479968

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