Recently I began using Binance the very first time as well as the experience has become quite simply excellent.

I traditionally traded on Bittrex while searching for lower cap alt coins but in the last several months Bittrex may have slowed down, and turn into more buggy than usual with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance on account of them listing some unique projects not available on Bittrex yet like WTC and IOTA, two solid projects that have been storming within the coinmarketcap rankings.

Why I like Binance and exactly what are the benefits?

Here are several factors why I am just enjoying using Binance.

1) Forks

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

One benefit with Binance is how quickly they support forked coins. Should you hold Bitcoin in the exchange then basically once a fork happens you will possess that same number or equivelent variety of coins from the fork with your wallet.

To date on Binance I have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name some.

2) Airdrops

Airdrops really are a fairly new marketing tactic for brand new coin owners containing mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is now supporting an increasing number of these free airdrops the place you literally review your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s a very good thing because it’s free but the aim of the coin creators is to encourage you to then look into 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 in to pay using their own BNB token, it is a smart idea as well as demonstrates that the BNB coin itself is an excellent investment mainly because it grows in value because of its increased use around the exchange.

The main fee is .10% for all customers on all trades regarless of the customers volume, which we think is actually a fair way to do things, not favouring the whales. If you decide to use BNB coin to pay for the fees (which doesn’t involve any manual work on your side) then your fees reduce to .05% on all trades. Excellent!

4) Usage of New Coins

Using Binance offers you the capability to buy a great deal of coins that could not even be available on Bittrex, additionally, it provides just about the most trustworthy and safe exchanges to buy such coins and is far simpler than muddling your way through EtherDelta unless you know what you are doing or do not have other choice. When there is not any other strategy for buying the Tokens I would personally always want to buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite internet affiliate marketing receiving a bad name throughout the years one important thing is designed for sure, it functions! It generates interest and it empowers it’s users to do the marketing instead of spending that budget elsewhere. It can end up having people misleading the public in the hopes of generating commissions. That’s the caveat. When you will, a double-edged sword.

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