Recently I began using Binance the very first time as well as the experience continues to be basically excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but in the last several months Bittrex offers slowed down, and be more buggy than usual with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance due to them listing some unique projects unavailable on Bittrex yet like IOTA and WTC, two solid projects which were storming within the coinmarketcap rankings.

Why I like Binance and exactly what are the benefits?

Here are several explanations why I am enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t shell out your Bitcoin fork coins rapidly, the truth is by publishing 4 months on Coinbase users still don’t their very own Bitcoin Cash.

One benefit with Binance is just how quickly they support forked coins. Basically when a fork happens you will possess that same number or equivelent variety of coins in the fork with your wallet if you hold Bitcoin on the exchange.

So, far on Binance I have got had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name a few.

2) Airdrops

Airdrops really are a relatively new marketing tactic for brand new coin owners that has mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is already supporting an increasing number of these free airdrops the place you literally evaluate your account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s a good thing because it’s free but the goal of the coin creators is always to encourage one to then look into the coin and hopefully buy more. In either case selling these might be a nice little bonus for the crypto portfiolio.

3) Fees

The fees on Binance could be reduced automatically by opting in to pay making use of their own BNB token, this is a smart idea and also implies that the BNB coin itself is a good investment as it grows in value due to the increased use in the exchange.

The key fee is .10% for all those customers on all trades regarless in the customers volume, which we believe can be a fair method of doing things, not favouring the whales. If you want to use BNB coin to pay for the fees (which doesn’t involve any manual work on your side) then your fees reduce to .05% on all trades. Excellent!

4) Entry to New Coins

Using Binance provides you with the cabability to buy lots of coins that could not yet be available on Bittrex, additionally, it provides probably the most trustworthy and safe exchanges to get such coins and is also far simpler than muddling your way through EtherDelta unless do you know what you are doing or have no other choice. When there is not one other means of acquiring the Tokens I might always prefer to buy via Binance, as i use EtherDelta.

5) Referral Commissions

Despite internet affiliate marketing acquiring a bad name throughout the years one important thing is designed for sure, it functions! It generates interest and it empowers it’s users to do the marketing instead of spending that budget elsewhere. It can end up having people misleading the general public in the hopes of generating commissions. That’s the caveat. In the event you will, a double-edged sword.

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