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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.

If you're in the market for a new car, you have some options about what to do with your old one. If someone in the family can use it, you can pass it along. If it's reasonably new, and in good shape, you can use it as a trade-in on your new vehicle. Or, you can try to sell it yourself and go through the hassle waiting for strangers who may or may not show up when they said they would, and then try to talk you into a selling price far lower than you can accept. If your old car, however, is not worth much as a trade-in, and there's no family member who wants to take it on in its unwarrantied state, you can still get a reasonable return on it by, of all things, giving it away. How? How A Charitable Car Donation Will Benefit You You can use your car for a charitable car donation. There are thousands of charities nationwide which will gladly take an old car off your hands, and wither use it in performing their good deeds, or sell it and use the proceeds to fund their good deeds. Other than relieving you of having to pay to keep the car registered and insured while it sits idle in your driveway, how exactly does turning it into a charitable car donation benefit your finances? You will be able to take a tax deduction either in the amount of the fair market value, as determined by the Kelly's Blue Book, if the group to which you make your charitable car donation uses it in performing their tasks. If, however, they sell it and use the proceeds, you can claim full sales price of your charitable car donation as a deduction. If it sells for less than its Blue Book value, you can claim that. Aside from your potential tax write-off, your charitable car donation will help the charity you have chosen to aid people less fortunate, so you can enjoy knowing that it is making a big difference in somebody's life. You, in the meantime, will not have to worry about maintaining the car so it does not become an eyesore, or using some possibly precious garage space to store it. Other Reasons For Making A Charitable Car Donation Many people choose to make a charitable car donation as part of their wills, and many people who have inherited a car as part of a loved one's estate will choose to make a charitable car donation rather than be faced with memories each time they drive a car. There are lots of reasons, other than your simple need to relieve yourself of an old car, why you might choose to make a charitable car donation. Regardless of your reason for doing so, your charitable car donation will put a good vehicle to work for someone who really needs it, and reward you with a lower tax bill or higher tax refund. Everybody, in other words, wins! You can also find more info on Used Car Donation [http://www.1cardonationservices.com/Articles/Used_Car_Donation.php] and Car Donation [http://www.1cardonationservices.com/]. 1cardonationservices.com is a comprehensive resource to know about Car Donation. Article Source: http://EzineArticles.com/expert/Wade_Robins/91828 Article Source: http://EzineArticles.com/656744

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