Benefits of Trading on Binance
Recently I began using Binance initially as well as the experience has been quite simply excellent.
I traditionally traded on Bittrex when searching for lower cap alt coins but in the last few months Bittrex may 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 due to them listing some unique projects unavailable on Bittrex yet like IOTA and WTC, two solid projects that have been storming the coinmarketcap rankings.
Why I adore Binance and which are the benefits?
Below are some main reasons why I am just enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t shell out your Bitcoin fork coins in a short time, actually since publishing 4 months on Coinbase users still don’t have their own Bitcoin Cash.
One benefit with Binance is the way quickly they support forked coins. Virtually the moment a fork happens you will possess that same number or equivelent number of coins from your fork inside your wallet if you hold Bitcoin around the exchange.
Thus far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name a few.
2) Airdrops
Airdrops can be a relatively new marketing tactic for first time coin owners that has mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is already supporting an increasing number of these free airdrops where you literally review your account and think “I didn’t purchase these “wait and coins”, what even are these coins”. It’s a very important thing because it’s free but the goal of the coin creators is always to encourage you to definitely then investigate the coin and hopefully buy more. In any event selling these might be a nice little bonus for your personal crypto portfiolio.
3) Fees
The fees on Binance might be reduced automatically by opting in to pay utilizing their own BNB token, it is a smart idea and also demonstrates that the BNB coin is a great investment since it grows in value for its increased use about the exchange.
The primary fee is .10% for those customers on all trades regarless in the customers volume, which we believe is really a fair way to do things, not favouring the whales. If you want to use BNB coin to pay the fees (which doesn’t involve any manual work by you) after that your fees reduce to .05% on all trades. Excellent!
4) Use of New Coins
Using Binance provides you with the cabability to buy plenty of coins which may not really be around on Bittrex, furthermore, it provides just about the most trustworthy and safe exchanges to buy such coins and is much easier than muddling your way through EtherDelta unless do you know what you are carrying out or do not have other choice. While I use EtherDelta if you find hardly any other way of purchasing the Tokens I might always want to buy via Binance.
5) Referral Commissions
Despite affiliate marketing receiving a bad name over the years a very important factor is designed for sure, the system functions! It generates interest and yes it empowers it’s users to complete the marketing rather than spending that budget elsewhere. The caveat is it can end up with people misleading people in the hopes of generating commissions. Should you will, a double-edged sword.
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