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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.

Apply online for business credit cards low-interest rates - Business credit card is a trend in many small businesses around the world. You can quickly sign up online for business credit cards low-interest rates at the comfort of your own business, without restart or visit financial institutions a different walk.

Companies now use many small business credit cards to be used in their business. Since APR less and probably zero annual fee on this card, you can make a lot of purchases without worrying about extra charges. This is very useful if you plan to reduce business-related expenses and improve profitability.

Because the business risk is much higher than that of the private, business credit cards may have a higher interest rate than the second. Even with such interest costs, many still choose to use considering the practical use and the benefits they can get from it.

Research online

Apply for business credit cards with low-interest rates may sound simple at first, but it can be a daunting task if it is your first time. You should do some research on finance companies in different lines that offer this card, and find out which has the lowest interest rate attached to it, as well as other costs. 

When you're searching for zero APR credit card business, you can try to find them with the lowest balance transfer fees, lowest ongoing costs, additional costs, fines, and interest rates little as well.

Another way to find a business credit card online is to find a special offer that comes with services, such as charges are exempted from interest for a specified period. This will be very useful if you plan to start your business with credit cards as capital. You can buy shares to meet market demand, Office supplies, and equipment, etc.; There are no interest charges for a few months.

Some business credit cards have flight miles as an incentive. If you plan to go somewhere for a holiday or business-related events, you can use the miles you've accumulated flight using points earned from your business credit card.

Financial institutions also offer Cash profit based on a percentage of purchases made by credit card. It is arguably one of the best deals you should take note of when you register online.

Practical advice

When you apply online for a business credit card, it is a sound proposal to limit yourself to one or two financial firms. You should make sure that you get the best deals, as well as incentives and benefits that stick to one.

Besides, you should ensure that you have a functional credit rating status on your business so that your application can be approved within a shorter (and eligible for one). 

You need to get your business and financial documents are prepared, as the company may require you to Fax them to process your application. This document involves business licenses and licenses as proof of the validity of your company.

Others may ask you to submit the financial statements of your efforts such as income statements, balance sheets, tax documents, etc.; Make sure you have these ready, just in case.

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