Great things about Trading on Binance
Recently I began using Binance initially and the experience has become basically excellent.
I traditionally traded on Bittrex while searching for lower cap alt coins but over the past several months Bittrex appears to have slowed down, and grow more buggy than usual 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 unavailable on Bittrex yet for example WTC and IOTA, two solid projects which were storming the coinmarketcap rankings.
Why I like Binance and do you know 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 rapidly, in reality at the time of publishing 4 months on Coinbase users still don’t have their own Bitcoin Cash.
One benefit with Binance is just how quickly they support forked coins. When you hold Bitcoin in the exchange then pretty much the moment a fork happens you will get that same number or equivelent quantity of coins from the fork in 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 fairly new marketing tactic for first time coin owners containing mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is already supporting a lot more these free airdrops in which you literally evaluate your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s the best thing because it’s free but the aim of the coin creators is usually to encourage one to then research the coin and hopefully buy more. In any event selling these might be a nice little bonus for the crypto portfiolio.
3) Fees
The fees on Binance could be reduced automatically by opting directly into pay utilizing their own BNB token, this really is a smart idea as well as demonstrates that the BNB coin is a great investment since it grows in value because of its increased use about the exchange.
The principle fee is .10% for all customers on all trades regarless from the customers volume, which we believe is a fair technique of doing things, not favouring the whales. If you decide to use BNB coin to spend 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 provides you with the cabability to buy lots of coins that could not yet be available on Bittrex, additionally, it provides just about the most trustworthy and safe exchanges to get such coins which is far easier than muddling towards you through EtherDelta unless you know what you are carrying out or do not have other choice. As I use EtherDelta if there is hardly any other means of getting the Tokens I would personally always prefer to buy via Binance.
5) Referral Commissions
Despite affiliate marketing online receiving a bad name over time one important thing is perfect for sure, it really works! It generates interest and it empowers it’s users to complete the marketing as an alternative to spending that budget elsewhere. The caveat is it can end up getting people misleading everyone in the hopes of generating commissions. A double-edged sword when you will.
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