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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.

Donating money and good is a great way to help out worthy causes while still helping yourself out on your taxes. Car donation is no different. Even though some of the car donation tax laws changed a few years back, this is still a great way to help yourself and others. So if you have an old car and just aren't quite sure what to do with it, then consider a charitable donation of your vehicle. As of 2005, the laws for car donation changed. For motor vehicles, boats, and airplanes that are valued at more than $500, things are a bit different than before. The allowable amount of the deduction is now limited to whatever amount the charity sells it for. The charity to which your car donation is made is required to provide you with written acknowledgement of your donation within 30 days of you making it. If the charity provides any false or exaggerated acknowledgement, they can be penalized. As of the first of January in 2005, when you make a car donation, the tax write off is based on how the charity uses your donated car. If it is sold, you can deduct the gross sale price. If, on the other hand, the charity uses the car for what the new law calls "significant" tax-approved work of charity, you would be able to claim the market value of the vehicle. Again, however, there are stiff penalties for falsified documents. Some of the charities, despite acknowledging that the old laws had problems, are skeptical of the new car donation laws. Many of these organizations are concerned about what will happen when the tax deduction responsibility is put in the hands of the charities rather than the donors. A group of them actually sent a letter to the Treasury Secretary suggesting that people may be discouraged from donating when they are unaware of their deduction amount. Not being able to weigh the cost to the benefit of donation may discourage some auto donations. If you do choose to make a car donation, you will find that the process is very easy. Most charities that offer to take your vehicle will have information on line or via phone about it. In many cases, in fact, you can fill out the appropriate forms on line to get the process underway. You also will likely not even have to be home and the vehicle may not even need to be in working condition. Many charities will come and toe your car away if you can simply leave the title under a floor mat along with the key and put it somewhere accessible. As soon as the car is sold, you will receive a document in the mail letting you know how much you can write off of your taxes, legally. Since many charities rely on donations of all sorts: clothing, cars, money, and even appliances, think about what you are doing when you make an auto donation. By donating your vehicle [http://www.napadaily.com/category/automotive-guides], you are helping out a worthy cause of your choice. In addition, you are helping yourself out. Sure, the tax laws have changed, but you can still benefit from your donation. The car doesn't have to run to be eligible, so your write off might still be more than selling it for junk. So feel good about yourself, help your tax line, and get rid of that old junker by donating your car. Christopher M. Luck has an extensive background in dealing exclusively with car donations companies and is now offering his free professional car donation secrets [http://www.carsdonationtips.info] to the public. If you are at all interested in Christopher's professional advice, tips, or secrets on car donation you can visit his automotive blog [http://www.napadaily.com/category/automotive-guides]. Article Source: https://EzineArticles.com/expert/Christopher_Luck/44447 Article Source: http://EzineArticles.com/105838

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