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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.

People are keeping their vehicles a lot longer nowadays because of the recession. In addition, many people have postponed the routine maintenance on their vehicle because they simply do not have the money or are not aware of the warning signs of trouble. Cars that do not have proper maintenance often develop serious problems that require very expensive repairs. Often those repairs cost more than the car is worth. So what do you do with your car when that is the case? You have four choices; sell it, part it out, scrap it or donate your car. Selling a car with a serious problem is very difficult. Most people only want to purchase a car they can drive without having to make any expensive repairs. Anyone who is interested in buying it is likely to offer you very little money for it. Selling a car is also very time consuming, inconvenient, unsafe and frustrating. Another choice is to sell the parts off your car yourself. To do that, you have to be knowledgeable about auto parts, their value and how to remove them. All the fluids will need to be drained from the vehicle and properly recycled. Since, you will not be able to sell the defective parts you will need to decide how to dispose of them along with the parts that do not sell. Many localities have ordinances against people having unlicensed vehicles on their property. If your community has one, parting out your car is not an option for dealing with your used car. A third choice is to scrap your car. That means selling it to a junk yard that will sell the worthwhile parts and crush the rest and sell the scrap metal. The amount of money you will get at a scrap yard depends on the price of scrap metal in your area, the weight of your car and whether you can drive the car to the yard. The price of scrap metal varies throughout the country. In general it is between $100 and $200 per ton, making the salvage amount for the average car between $250 and $400. You will only get half that amount if the scrap yard has the send a tow truck to pick it up Your forth option is to donate your car to charity. Instead of cash, you will get a very nice tax deduction. Most charities will accept a vehicle that does not run or has major problems. They will also pickup your car donation for free. The charity will sell your car for the most money possible, whether that is to a used car dealer or a scrap yard. Since charities can provide both places a higher volume of vehicles, they receive a higher price for a car than a private person can. That money is used by the charity to support with their cause. Out of all the choices for getting rid of a used car with serious problems, selling it privately and selling the parts from it are not practical. Selling it to a scrap yard will get you a small amount of money. You will get a tax deduction for more than that and help support a good cause if you donate your car to charity. That makes car donation the best of all the choices. Karen Campese is the Co-founder and CEO of Cars4Charities, a not for profit car donation center. They have over 1,000 respected charities that you can donate your car to. When you donate your car [http://www.cars4charities.org/], you get a tax deduction and help a good cause. Article Source: http://EzineArticles.com/expert/Karen_Campese/14891 Article Source: http://EzineArticles.com/7017436

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