Recently I began using Binance the very first time along with the experience has become basically excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but during the last couple of 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 because of them listing some unique projects unavailable on Bittrex yet including WTC and IOTA, two solid projects which have been storming up the coinmarketcap rankings.

Why I really like Binance and what are the benefits?

Below are some explanations why I am enjoying using Binance.

1) Forks

Many exchanges and web wallets don’t shell out your Bitcoin fork coins quickly, the truth is by 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 about the exchange then just about the moment a fork happens you will have that same number or equivelent amount of coins from the fork with your wallet.

So, far on Binance I have got had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.

2) Airdrops

Airdrops certainly are a relatively recent marketing tactic for new coin owners which includes mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance is already supporting progressively more 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 very important thing because it’s free but the goal of the coin creators is usually to encourage anyone to then check out the coin and hopefully buy more. In any event selling these could be a nice little bonus for your crypto portfiolio.

3) Fees

The fees on Binance may be reduced automatically by opting in to pay employing their own BNB token, this really is a smart idea as well as shows that the BNB coin is a great investment because it grows in value due to its increased use around the exchange.

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

4) Usage of New Coins

Using Binance will give you the capability to buy a lot of coins that could not be available on Bittrex, it also provides one of the more trustworthy and safe exchanges to get such coins which is far simpler than muddling your way through EtherDelta unless do you know what you are doing or have zero other choice. As I use EtherDelta if you find no other strategy for getting the Tokens I might always prefer to buy via Binance.

5) Referral Commissions

Despite affiliate marketing receiving a bad name through the years one thing is made for sure, it functions! 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 it can find yourself with people misleading the public in the hopes of generating commissions. If you will, a double-edged sword.

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