Recently I began using Binance initially and the experience has become put simply excellent.
I traditionally traded on Bittrex when looking for lower cap alt coins but over the past month or two 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 as a result of them listing some unique projects not available on Bittrex yet for example WTC and IOTA, two solid projects which have been storming within the coinmarketcap rankings.
Why I adore Binance and do you know the benefits?
Below are some explanations why I am enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t shell out your Bitcoin fork coins quickly, the truth is by publishing 4 months on Coinbase users still don’t their very own Bitcoin Cash.
One benefit with Binance is just how quickly they support forked coins. Basically once a fork happens you will have that same number or equivelent variety of coins from your fork in your wallet if you hold Bitcoin about the exchange.
So, far on Binance I have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the mention a few.
2) Airdrops
Airdrops really are a relatively recent marketing tactic for brand new coin owners which has mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is already supporting an increasing number of these free airdrops in which you literally look at your account and think “I didn’t purchase these “wait and coins”, what even are these coins”. It’s a good thing because it’s free but the objective of the coin creators is always to encourage one to then look into the coin and hopefully buy more. In any event selling these could be a nice little bonus to your crypto portfiolio.
3) Fees
The fees on Binance can be reduced automatically by opting directly into pay using their own BNB token, it is a smart idea and in addition shows that the BNB coin is a solid investment because it grows in value for its increased use about the exchange.
The principle fee is .10% for many 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 cover the fees (which doesn’t involve any manual work by you) in that case your fees reduce to .05% on all trades. Excellent!
4) Access to New Coins
Using Binance gives you the ability to buy a great deal of coins which could not really be around on Bittrex, furthermore, it provides just about the most trustworthy and safe exchanges to get such coins which is much easier than muddling the right path through EtherDelta unless do you know what you are carrying out or have zero other choice. As I use EtherDelta if you find hardly any other way of acquiring the Tokens I would always choose to buy via Binance.
5) Referral Commissions
Despite internet affiliate marketing receiving a bad name throughout the years one thing is perfect for sure, it really works! It generates interest and it empowers it’s users to perform the marketing rather than spending that budget elsewhere. It can end up getting people misleading the public with the idea of generating commissions. That's the caveat. Should you will, a double-edged sword.
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