Recently I began using Binance the very first time as well as the experience has been put simply excellent.

I traditionally traded on Bittrex while searching for lower cap alt coins but during the last month or two Bittrex seems to have slowed down, and turn into more buggy than normal with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance on account of them listing some unique projects not available on Bittrex yet such as WTC and IOTA, two solid projects that were storming up the coinmarketcap rankings.

Why I really like Binance and exactly what are the benefits?

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

1) Forks

Many exchanges and web wallets don’t pay out your Bitcoin fork coins quickly, in reality as of publishing 4 months on Coinbase users still don’t have their Bitcoin Cash.

One benefit with Binance is when quickly they support forked coins. Basically as soon as a fork happens you will have that same number or equivelent number of coins from the fork in your wallet should you hold Bitcoin on the exchange.

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

2) Airdrops

Airdrops really are a fairly new marketing tactic for brand new coin owners which has mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is already supporting progressively more these free airdrops in which you literally take a look at account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s a very important thing because it’s free but the goal of the coin creators is to encourage you to then investigate the coin and hopefully buy more. Either way selling these could be a nice little bonus to your crypto portfiolio.

3) Fees

The fees on Binance might be reduced automatically by opting in to pay using their own BNB token, this is a smart idea and also demonstrates that the BNB coin is a great investment mainly because it grows in value due to the increased use on the exchange.

The main fee is .10% for all those customers on all trades regarless in the customers volume, which we think is really a fair way to do things, not favouring the whales. If you want to use BNB coin to cover the fees (which doesn’t involve any manual work from you) in that case your fees reduce to .05% on all trades. Excellent!

4) Access to New Coins

Using Binance provides you with the ability to buy lots of coins which could not be available on Bittrex, in addition, it provides one of the most trustworthy and safe exchanges to buy such coins which is far simpler than muddling your path through EtherDelta unless you know what you are carrying out or do not have other choice. When there is not any other means of buying the Tokens I might always prefer to buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite affiliate internet marketing getting a bad name over time one thing is for sure, it really works! It generates interest plus it empowers it’s users to do the marketing as an alternative to spending that budget elsewhere. The caveat is it can find yourself with people misleading the general public with the idea of generating commissions. A double-edged sword in the event you will.

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