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.

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Akankah Menjadi Habibie Kedua? Dipecat di Indonesia, Dokter Ini Diundang Ke Jerman.

How to Start Your Own Business in New York

Starting a small business is considered by many to be the American dream. But for many people this dream ends rather quickly and they are left owing large debts. Statistics vary, but the Small Business Administration estimates that as many as 4 out of 5 businesses fail during the first five years. Here are a few questions to consider to help keep your dream from turning into a nightmare. Do you know the business? The first thing you need to know is how to produce the product or provide the service. If you don’t, it is advisable to find a job in the industry for at least a year. While you are there, try and learn as much as you can. You may find out that the industry is not for you after all. Do you have a good idea? You don’t necessarily need a new idea, but you don’t want to put a product or service on the market if the market is already full of similar products or services. It is hard enough to get started without attempting to compete with existing businesses which already have loyal customers. Can you raise money? The first step in raising the required capital is to get a realistic estimate of the amount of money you will need to start up your business. Getting a realistic estimate should be done very early in the process. Try to keep in mind all future expenses such as rent, supplies, inventory, equipment, wages, and advertising. To ease your financial burden, you may want to find investors for your business. Generally, a knowledgeable investor will not put his or her money into a new business unless you have made a sizable financial commitment yourself. An experienced investor knows that you will be more motivated to make your business work if you have a considerable amount of your own money in the business. Most such investors will look for you to put up at least 50% of the start-up costs. There are two basic types of investors, those who are looking for equity and those who are simply looking to collect interest on a loan. Commercial banks will lend money without seeking an equity interest, but will usually ask for some kind of collateral. When giving an equity interest, you are giving up partial ownership, so it is important to consider your options when looking for an investor. Consider whether you would rather share ownership or be required to make loan payments. Report 3 January 1996 If you are having trouble getting a bank loan, try the Small Business Administration. The Small Business Administration (SBA) is a government agency that provides advice and other services to prospective businesspeople. It may provide loans, but you must meet certain requirements. For most prospective borrowers, the SBA will provide loan guarantees. To be eligible for such a loan guarantee, you must first seek financing from a bank or other financial institution. If you are rejected for the loan, then you are eligible for a loan guarantee for up to 90% of the loan from the SBA. You then can reapply for private financing with the guarantee. What kind of structure should I use? There are three basic structures that you can use for your business, and each has its advantages and disadvantages. As a prospective business person, you should consider which is best for your company’s needs. 1) Sole Proprietorship A sole proprietorship is the ownership of all of the assets of the company by an individual. This type of business structure presents the least complications for a new business person. However, if you are a sole proprietor and you decide to use a fictitious name, you must register it with the county clerk’s office.

Advantages	Disadvantages
Easy to set up. Least expensive start-up. Decision making is simple and quick.	No protection from creditors. All personal assets are subject to the liens of creditors. All help is from employees who expect to get paid.

2) Partnership A partnership is the association of two or more people. It may be established by a written or oral agreement. There is a sharing of the profits and losses of the business by the partners. When starting a partnership, it is best to have a written partnership agreement. This agreement should spell out how the business will be run and how the profits and losses will be split. It is advisable to get legal help for this, but it is not necessary. Another consideration when starting a partnership is taxes. Each partner is taxed individually. The partnership must fill out a tax return, but it is merely informational.

Advantages	Disadvantages
usually able to raise more capital than a sole proprietorship each partner only taxed individually	each partner is still liable for the debts of the partnership profits must be split with other partners

3) Corporation A corporation is an artificial legal person. Generally, a corporation is more complicated than a partnership or a sole proprietorship and more expensive to establish. There are more legal requirements, and seeking legal help is probably necessary.

Advantages	Disadvantages
like a partnership, more potential to raise capital than a sole proprietorship limited liability of owners; owners’ personal property protected from claims against the corporation	strict legal requirements expense of start-up a corporation is taxed on its profits, shareholders must pay taxes on dividends. In effect, the profits are taxed twice.

How should you plan? Generally, it is a good idea to have two basic written plans for your new company. One is a business plan which defines how you will run your firm. The other should be a financial plan which outlines some of the aspects of your company’s budget. A business plan should begin with a cover sheet which lists the name of the business, the address and phone number, the names of the owners of the business, and the primary goals of the business. When considering the rest of the business plan, keep in mind why you are writing it. Your business plan can be a useful tool in attracting investors. If that is the case, you would probably want to write a detailed report, and it could be advisable to seek professional help. However, if the business plan is for yourself, its presentation can be more informal. In any case, your plan should include the following:

• the principal good or service
• the location
• the type of legal business structure
• the unique features of your business
• the relevant experience that you and your partners bring to the business
• the reasons why the business will succeed
• the advantages your business has over others of its type

The financial plan also has several key elements:

• summary of start-up costs and funding
• estimation of operating expenses, which would include salaries, supplies, taxes, utilities, loan payments, etc.
• estimation of income, both weekly and monthly
• analysis of cash flow. Having cash available is important to any business.
• estimation of the volume of business it will take to break even. This will help you make realistic decisions about the viability of your business.

How should you be insured? All businesses need some type of insurance, but insurance needs will differ from company to company. In New York State, if a small business has any employees, it must then carry workers’ compensation and disability insurance. If the business owns vehicles, it must have automobile insurance. Landlords often require a business owner to have liability insurance. Bankers and investors may want a company to have fire and other types of insurance. In some cases, partners in a firm will want the other partners to have life insurance. This will be especially important if the business relies on each partner’s unique skills.

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