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Recently I began using Binance the first time and the experience has been basically excellent.

I traditionally traded on Bittrex when evaluating lower cap alt coins but during the last several months Bittrex may have slowed down, and turn into 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 including WTC and IOTA, two solid projects which were storming in the coinmarketcap rankings.

Why I love Binance and which are the benefits?

Below are some explanations why I am just enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t shell out your Bitcoin fork coins quickly, in reality by publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.

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

Up to now 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 somewhat new marketing tactic for new coin owners that has mostly been rewarded to Ethereum holders making use of 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 the best thing because it’s free but the goal of the coin creators is usually to encourage anyone to then look into the coin and hopefully buy more. In any case selling these can be quite a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance could be reduced automatically by opting directly into pay making use of their own BNB token, it is a smart idea as well as implies that the BNB coin is a solid investment since it grows in value for its increased use about the exchange.

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

4) Access to New Coins

Using Binance offers you the opportunity to buy a great deal of coins that could not be around on Bittrex, it also provides just about the most trustworthy and safe exchanges to purchase such coins and is also far easier than muddling towards you through EtherDelta unless do you know what you are carrying out or do not have other choice. If you have not one other means of purchasing the Tokens I would always prefer to buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite internet affiliate marketing receiving a bad name throughout the years a very important factor is designed for sure, it really works! It generates interest plus it empowers it’s users to accomplish the marketing instead of spending that budget elsewhere. It may end up having people misleading everyone with the idea of generating commissions. That’s the caveat. When you will, a double-edged sword.

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