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Recently I began using Binance the very first time along with the experience is basically excellent.

I traditionally traded on Bittrex when searching for lower cap alt coins but during the last few months Bittrex offers slowed down, and be 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 unavailable on Bittrex yet for example WTC and IOTA, two solid projects that were storming the coinmarketcap rankings.

Why I adore Binance and what are the benefits?

Here are several factors why I am enjoying using Binance.

1) Forks

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

One benefit with Binance is when quickly they support forked coins. In the event you hold Bitcoin in the exchange then pretty much when a fork happens you will get that same number or equivelent variety of coins through the fork with your wallet.

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

2) Airdrops

Airdrops are a somewhat new marketing tactic for first time coin owners which has mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance is now supporting an increasing number of these free airdrops where you literally look at your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s a very important thing because it’s free but the aim of the coin creators is to encourage you to definitely then check out the coin and hopefully buy more. In any case selling these can be quite a nice little bonus for your crypto portfiolio.

3) Fees

The fees on Binance could be reduced automatically by opting into pay making use of their own BNB token, it is a smart idea plus implies that the BNB coin itself is an excellent investment since it grows in value due to its increased use around the exchange.

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

4) Access to New Coins

Using Binance gives you the cabability to buy lots of coins that may not yet be available on Bittrex, it also provides just about the most trustworthy and safe exchanges to acquire such coins which is far simpler than muddling the right path through EtherDelta unless do you know what you are doing or have no other choice. While I use EtherDelta if you find not any other strategy for buying the Tokens I would personally always prefer to buy via Binance.

5) Referral Commissions

Despite affiliate internet marketing getting a bad name throughout the years one important thing is designed for sure, it functions! It generates interest and yes it empowers it’s users to perform the marketing as opposed to spending that budget elsewhere. It can find yourself with people misleading people with the idea of generating commissions. That’s the caveat. In the event you will, a double-edged sword.

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