Recently I began using Binance initially and the experience has been quite simply excellent.
I traditionally traded on Bittrex when searching for lower cap alt coins but within the last couple of months Bittrex may have 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 not available on Bittrex yet for example WTC and IOTA, two solid projects which have been storming up the coinmarketcap rankings.
Why I love Binance and which are the benefits?
Here are several main 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 as of publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.
One benefit with Binance is just how quickly they support forked coins. Basically once a fork happens you will possess that same number or equivelent variety of coins in the fork within your wallet in the event you hold Bitcoin around the exchange.
So, far on Binance I have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.
2) Airdrops
Airdrops are a somewhat new marketing tactic for first time coin owners containing mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance is already supporting an increasing number of these free airdrops that you literally take a look at 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 purpose of the coin creators is to encourage one to then research the coin and hopefully buy more. In either case selling these could be a nice little bonus for the crypto portfiolio.
3) Fees
The fees on Binance can be reduced automatically by opting straight into pay using their own BNB token, this can be a smart idea and in addition shows that the BNB coin is an excellent investment because it grows in value because of its increased use around the exchange.
The principle fee is .10% for all customers on all trades regarless from the customers volume, which we believe is really a fair technique of doing things, not favouring the whales. If you want to use BNB coin to cover the fees (which doesn’t involve any manual work on your side) after that your fees reduce to .05% on all trades. Excellent!
4) Entry to New Coins
Using Binance offers you the capability to buy plenty of coins that could not be around on Bittrex, furthermore, it provides probably the most trustworthy and safe exchanges to acquire such coins and is far easier than muddling your path through EtherDelta unless you know what you are doing or have no other choice. While I use EtherDelta when there is not any other strategy for purchasing the Tokens I would always would rather buy via Binance.
5) Referral Commissions
Despite affiliate internet marketing receiving a bad name through the years a very important factor is for sure, it works! It generates interest and it also empowers it’s users to complete the marketing as an alternative to spending that budget elsewhere. The caveat is that it can end up with people misleading people in the hopes of generating commissions. A double-edged sword in the event you will.
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