• Thurston Josefsen posted an update 1 year, 8 months ago

    Recently I began using Binance initially and the experience has become put simply excellent.

    I traditionally traded on Bittrex when searching for lower cap alt coins but within the last several months Bittrex seems to have slowed down, and turn into 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 unavailable on Bittrex yet including WTC and IOTA, two solid projects that were storming the coinmarketcap rankings.

    Why I like Binance and exactly what are the benefits?

    Below are some main reasons why I am enjoying using Binance.

    1) Forks

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

    One benefit with Binance is the way quickly they support forked coins. In the event you hold Bitcoin in the exchange then virtually when 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 mention a few.

    2) Airdrops

    Airdrops really are a fairly new marketing tactic for new coin owners which has mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance is already supporting an increasing number of these free airdrops the place you literally evaluate your account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s the best thing because it’s free but the goal of the coin creators is to encourage one to then check out the coin and hopefully buy more. Either way selling these might be a nice little bonus for your personal crypto portfiolio.

    3) Fees

    The fees on Binance may be reduced automatically by opting directly into pay employing their own BNB token, it is a smart idea as well as shows that the BNB coin itself is a solid investment mainly because it grows in value for its increased use in the exchange.

    The key fee is .10% for all customers on all trades regarless from the customers volume, which we think is a fair technique 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) after that your fees reduce to .05% on all trades. Excellent!

    4) Use of New Coins

    Using Binance will give you the cabability to buy lots of coins that may not really be available on Bittrex, furthermore, it provides one of the more trustworthy and safe exchanges to buy such coins and is also much simpler than muddling the right path through EtherDelta unless you know what you are doing or have zero other choice. While I use EtherDelta if you find not any other method of buying the Tokens I might always choose to buy via Binance.

    5) Referral Commissions

    Despite affiliate marketing acquiring a bad name throughout the years something is made for sure, the system functions! It generates interest and it empowers it’s users to do the marketing as opposed to spending that budget elsewhere. It might end up with people misleading the public in the hopes of generating commissions. That’s the caveat. In the event you will, a double-edged sword.

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