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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.

Sometimes you may want to donate an old car only to find that the tax deduction just isn't worth it. After all, no matter how good hearted you are, when given the choice between earning a $500 tax deduction for donating your used car or getting a potential $2000 trade-in value to put towards a new car, all practicality leans towards going wherever you can get the most for your old car. In this case, it may be within your best interest to consider trading-in a used car for a brand new ride that meets your current needs rather than donate a car to charity. Some people may feel a certain sense of guilt over this. And, while it is true that you aren't necessarily helping anyone but yourself and the car dealership, some of the money saved from your trade-in can still go towards a generous cash donation to a charity of your choice. So you can still do some good when you opt to trade-in rather than donate a car. The difference is trading-in the used car, rather than directly donating a car to charity, can afford you some extra money to use as cash gift to your favorite charity that you can later claim as a tax deduction. But, here's the catch. You can typically donate an old car as is. However, when trading in a car, several steps must be taken to ensure that you get a worthy value. The car must be thoroughly clean both inside and out. Consider a professional cleaning service if possible and splurge for the deluxe cleaning package if you can afford it. Do some research to know the value of your car -- both the N.A.D.A and the blue book value. Find out how much similar cars are going for in your area. Use the Internet to research car sales websites to find comparable cars in your region. Print out descriptions and what owners are asking for their old cars. Be sure to also browse the classifieds of your local newspaper. Perhaps even call or email people who have recently sold similar cars to find out how much their old car sold for. Bring as much documentation as possible with you to the car dealership to show them that you won't be taken advantage of. Shop around with as many different dealerships as you can. Each dealership will most likely offer you different trade in values for your old car. Of course, if the car that you want is only at one particular dealership, this could be a sticking point, but even if that is the case, be sure to check out other dealerships and find out what they are willing to give you for your car. Having this information on hand could be to your advantage when negotiating with your salesman for the car that you want. Be as savvy as you possibly can. It may not hurt to bring a street-smart friend to help you read the car dealer. Car dealers are notorious for feeding people lines that are either half-true or have no truth at all. For instance, a classic car dealer strategy is to tell people that another buyer is interested in the car they want. Do not buy into this! Do not let the car dealership overestimate repairs needed on your car in the middle of negotiations. You may want a mechanic to check you car thoroughly before you begin taking it to dealers for trade-in quotes. Also, keep in mind that visible repairs are more likely to up your trade-in value than internal repairs. Break the code. Car dealers will typically use code for numbers that they do not want you to recognize. This is done so the dealer can show you information and not worry about you translating scribble or shorthand on the document that indicates their profit on the trade-in, the cost for repairs and the ACV (actual cash value) of your car. The code can easily be cracked once you understand that car dealers are replacing numbers with the first ten letters of the alphabet. Instead of $1,234 you will see ABCD. A=1, B=2, C=3 and D=4. This goes all the way up to J=0. So, on an appraisal sheet, if you see BJJJ, it translates to $2000. Lastly, try to trade in your car before the odometer rolls over to the next 10,000 miles. 140,000 miles will get you better trade-in quotes than 150,000 miles. Pamella Neely writes about donate car to charity tips and procedures to help people donating a car get the best car donation tax deduction and give the most to the people who need help. Article Source: http://EzineArticles.com/expert/Pamella_Neely/156399 Article Source: http://EzineArticles.com/3664689

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