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Recently I began using Binance for the first time as well as the experience is basically excellent.

I traditionally traded on Bittrex while searching for lower cap alt coins but during the last month or two 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 on account of 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 really like Binance and do you know the benefits?

Below are some reasons why I am enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t shell out your Bitcoin fork coins in a short time, in reality since publishing 4 months on Coinbase users still don’t have their Bitcoin Cash.

One benefit with Binance is how quickly they support forked coins. When you hold Bitcoin on the exchange then just about when a fork happens you will get that same number or equivelent quantity of coins in the fork inside your wallet.

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

2) Airdrops

Airdrops can be a fairly new marketing tactic for brand new coin owners which has mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance has become supporting an increasing number of these free airdrops in which 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 aim of the coin creators would be to encourage one to then look into 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 could be reduced automatically by opting straight into pay making use of their own BNB token, this is a smart idea plus implies that the BNB coin itself is a solid investment since it grows in value due to its increased use in the exchange.

The principle fee is .10% for all those customers on all trades regarless in the customers volume, which we think is actually a fair method of doing things, not favouring the whales. If you opt to use BNB coin to pay the fees (which doesn’t involve any manual work on your part) after that your fees reduce to .05% on all trades. Excellent!

4) Usage of New Coins

Using Binance gives you the capability to buy a lot of coins that could not be available on Bittrex, it also provides one of the more trustworthy and safe exchanges to acquire such coins and is also much simpler than muddling your path through EtherDelta unless do you know what you are doing or have no other choice. While I use EtherDelta when there is no other method of getting the Tokens I would always prefer to buy via Binance.

5) Referral Commissions

Despite affiliate marketing obtaining a bad name over time one thing is made for sure, it works! It generates interest plus it empowers it’s users to do the marketing instead of spending that budget elsewhere. It might end up with people misleading the public in the hopes of generating commissions. That’s the caveat. If you will, a double-edged sword.

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