Recently I began using Binance initially and the experience continues to be quite simply excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but during the last few months Bittrex appears to have slowed down, and become more buggy than normal with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance due to them listing some unique projects not available on Bittrex yet for example IOTA and WTC, two solid projects that have been storming within the coinmarketcap rankings.

Why I adore Binance and exactly what are the benefits?

Below are some main reasons why I am just enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t pay out your Bitcoin fork coins rapidly, in fact at the time of publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.

One benefit with Binance is how quickly they support forked coins. Pretty much when a fork happens you will have that same number or equivelent number of coins through the fork inside your wallet in the event you hold Bitcoin on the exchange.

To date on Binance I actually have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.

2) Airdrops

Airdrops certainly are a relatively new marketing tactic for new coin owners containing mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is currently supporting a lot more these free airdrops the place you literally take a look at account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s a good thing because it’s free but the goal of the coin creators would be to encourage one to then research the coin and hopefully buy more. Either way selling these could be a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance can be reduced automatically by opting directly into pay making use of their own BNB token, this can be a smart idea and also reveals that the BNB coin itself is a good investment as it grows in value for its increased use about the exchange.

The key fee is .10% for those customers on all trades regarless of the customers volume, which we believe is actually a fair technique of doing things, not favouring the whales. If you decide to use BNB coin to cover the fees (which doesn’t involve any manual work by you) after that your fees reduce to .05% on all trades. Excellent!

4) Usage of New Coins

Using Binance will give you the cabability to buy a lot of coins that could not even be around on Bittrex, in addition, it provides one of the more trustworthy and safe exchanges to get such coins which is far easier than muddling the right path through EtherDelta unless do you know what you are doing or do not have other choice. If you have no other method of getting the Tokens I would always want to buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite affiliate marketing online receiving a bad name through the years something is made for sure, it functions! It generates interest and yes it empowers it’s users to perform the marketing rather than spending that budget elsewhere. The caveat is it can find yourself with people misleading the general public in the hopes of generating commissions. Should you will, a double-edged sword.

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