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.
Best Cheap Health Insurance Quotes in Florida 2017
If you're looking for an affordable health insurance plan in the state of Florida you can find many suitable options on the Florida Health Insurance Marketplace. Where available, Molina and Ambetter offer the cheapest plans in the state while Blue Cross Blue Shield has the largest coverage with offerings in every county. Consumers interested in lower premiums should shop on the exchange and see if they qualify for the premium subsidies that are available only through Healthcare.gov.
A Plan that shoppers can begin looking at is the BlueCare Silver 1477, a silver plan which has the lowest premiums in many counties. Another plan that can be cheaper but is limited in available to a smaller set of counties is the Ambetter Balanced Care 4.
Contents
Companies on the Florida Exchanges
Cheapest Health Plans in Florida
Companies Offering Plans on the Florida Exchange
In 2017, 7 Health Insurance providers will be offering plans on the Florida Marketplace. This is down from 10 providers in 2016 with UnitedHealthcare, Coventry and Aetna leaving the market.
Company Counties Served
Blue Cross Blue Shield of Florida 67
Celtic Insurance Company (Ambetter) 17
Florida Health Care Plan 4
Health First 4
Health Options 45
Humana Medical Plan 7
Molina Healthcare 8
Finding The Best and Cheapest Health Insurance Plans
Remember, premiums are not the only cost component when it comes to your healthcare. Out of pocket costs in the form of deductibles, copay and coinsurance are just as important while you shop. The cheapest or best health insurance plan for you and your family will depend on your income level and expected health care needs. Households with higher expected medical costs should opt for plans with higher cost sharing benefits, while those who expect to be relatively healthy or have little to no routine care should look towards cheaper plans.
Average Consumers Should Start by Browsing Silver Plans
Unless you're extremely healthy or sick we advise that you begin your shopping process by looking at the Silver metal tiered plans. These are the plans that the exchange offerings are generally benchmarked off of, and occupy a good middle ground between premiums you are guaranteed to pay and cost sharing responsiblities that you will incur if you have any medical expenses.
The Silver plans are also the only plans on the exchange that make you eligible for cost sharing reductions that further reduce your copays, coinsurance and deductibles if you have a household income under 250% of the federal povery level. In such a case these plans actually offer more benefits than higher priced gold and platinum plans but at a much lower premium. To figure out if you qualify for better benefits consult our subsidy guide and see where your income falls.
Younger and Healthier Households can Look Towards Bronze and Catastrophic Plans
Bronze and Catastrophic plans will have the lowest premiums available but come at the cost of extremely high deductibles. In 2017 the highest deductible and out of maximum a plan can have will be $7,150 for an individual and 14,300 for a household. Many of the plans in this metal tier will have their cost sharing near these limits meaning that you will first need to meet thousands of dollars of fees before the plans benefits really start kicking in. These types of plans really only make sense if you want coverage for extremely costly emergencies only and have little to no need for routine care. Catastrophic plans are only available for those individual under the age of 30 as well.
Cheapest Silver Plan By County
As we mentioned above, Silver plans are where we advise the average consumer to begin their shopping process. To help you with that process we've listed the cheapest option by each county as well as sample prices for consumers age 21, 40 and 60. These premium estimates are unsubsidized and for a single individual. Depending on your income, you will likely see even lower prices once you account for the tax credits on Healthcare.gov.
County Plan Name Age 21 Age 40 Age 60
Alachua myBlue Silver 1604 $259 $332 $704
Baker BlueSelect Silver 1443 265 339 719
Bay BlueSelect Silver 1443 230 294 625
Bradford BlueCare Silver 1477 279 356 756
Brevard IND Silver HMO BC 7741 245 314 666
Broward Ambetter Balanced Care 4 (2017) 230 293 623
Calhoun BlueOptions Silver 1410 318 406 863
Charlotte Ambetter Balanced Care 4 (2017) 234 299 635
Citrus Ambetter Balanced Care 4 (2017) 228 292 620
Clay Ambetter Balanced Care 4 (2017) 247 316 671
Collier BlueCare Silver 1477 271 346 736
Columbia BlueCare Silver 1477 298 381 808
De Soto BlueCare Silver 1477 308 393 835
Dixie BlueCare Silver 1477 300 384 815
Duval Molina Marketplace Silver 240 307 651
Escambia BlueSelect Silver 1443 257 328 697
Flagler IND Silver HMO BC 7741 263 336 713
Franklin BlueOptions Silver 1410 324 414 879
Gadsden BlueOptions Silver 1410 372 475 1010
Gilchrist BlueCare Silver 1477 298 381 808
Glades BlueOptions Silver 1410 357 457 970
Gulf BlueSelect Silver 1443 227 290 616
Hamilton BlueOptions Silver 1410 334 427 907
Hardee BlueOptions Silver 1410 390 498 1057
Hendry BlueCare Silver 1477 299 383 813
Hernando BlueSelect Silver 1443 243 310 659
Highlands BlueSelect Silver 1443 275 352 747
Hillsborough Ambetter Balanced Care 4 (2017) 238 305 647
Holmes BlueOptions Silver 1410 319 407 865
Indian River BlueSelect Silver 1443 236 301 640
Jackson BlueOptions Silver 1410 320 409 869
Jefferson BlueOptions Silver 1410 371 474 1006
Lafayette BlueOptions Silver 1410 335 428 908
Lake BlueSelect Silver 1443 254 325 689
Lee BlueCare Silver 1477 329 421 894
Leon BlueOptions Silver 1410 337 430 913
Levy BlueCare Silver 1477 290 370 787
Liberty BlueOptions Silver 1410 339 433 920
Madison BlueOptions Silver 1410 323 412 876
Manatee Ambetter Balanced Care 4 (2017) 224 286 607
Marion BlueSelect Silver 1443 238 304 645
Martin BlueSelect Silver 1443 261 334 709
Miami-Dade Ambetter Balanced Care 4 (2017) 232 296 629
Monroe BlueOptions Silver 1410 453 579 1229
Nassau BlueCare Silver 1477 340 434 923
Okaloosa BlueSelect Silver 1443 253 324 687
Okeechobee BlueCare Silver 1477 359 459 975
Orange myBlue Silver 1604 267 341 724
Osceola myBlue Silver 1604 261 334 710
Palm Beach Ambetter Balanced Care 4 (2017) 225 288 612
Pasco Ambetter Balanced Care 4 (2017) 248 316 672
Pinellas Ambetter Balanced Care 4 (2017) 247 316 670
Polk Ambetter Balanced Care 4 (2017) 251 321 681
Putnam BlueOptions Silver 1410 341 436 927
Saint Johns BlueSelect Silver 1443 260 332 704
Saint Lucie BlueCare Silver 1477 304 388 824
Santa Rosa BlueSelect Silver 1443 265 339 719
Sarasota BlueSelect Silver 1443 254 325 689
Seminole Ambetter Balanced Care 4 (2017) 266 340 723
Sumter BlueSelect Silver 1443 235 300 637
Suwannee BlueCare Silver 1477 290 370 787
Taylor BlueOptions Silver 1410 322 412 875
Union BlueOptions Silver 1410 343 438 930
Volusia Ambetter Balanced Care 4 (2017) 240 307 652
Wakulla BlueOptions Silver 1410 379 484 1028
Walton BlueSelect Silver 1443 260 332 705
Washington BlueOptions Silver 1410 326 416 884
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