Recently I began using Binance the very first time as well as the experience continues to be basically excellent.

I traditionally traded on Bittrex when searching for lower cap alt coins but during the last few months Bittrex offers slowed down, and become 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 not available on Bittrex yet including IOTA and WTC, two solid projects that have been storming the coinmarketcap rankings.

Why I love Binance and what are the benefits?

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

1) Forks

Many exchanges and web 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 Bitcoin Cash.

One benefit with Binance is the way quickly they support forked coins. In the event you hold Bitcoin in the exchange then basically when a fork happens you will get that same number or equivelent number of coins from the fork inside your wallet.

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

2) Airdrops

Airdrops really are a relatively recent marketing tactic for new coin owners that has mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance is already supporting a lot more these free airdrops that you literally evaluate your account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s a good thing because it’s free but the aim of the coin creators is usually to encourage anyone to then research the coin and hopefully buy more. In either case selling these can be a nice little bonus to your crypto portfiolio.

3) Fees

The fees on Binance may be reduced automatically by opting in to pay making use of their own BNB token, this really is a smart idea plus implies that the BNB coin is a great investment because it grows in value due to the increased use in the exchange.

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

4) Usage of New Coins

Using Binance will give you the ability to buy a great deal of coins which could not even be available on Bittrex, furthermore, it provides one of the more trustworthy and safe exchanges to acquire such coins which is far easier than muddling towards you through EtherDelta unless do you know what you are doing or have zero other choice. As I use EtherDelta when there is hardly any other method of getting the Tokens I would personally always want to buy via Binance.

5) Referral Commissions

Despite affiliate internet marketing receiving a bad name over time one thing is perfect for sure, it functions! It generates interest and yes it empowers it’s users to perform the marketing rather than spending that budget elsewhere. It could end up getting people misleading the general public in the hopes of generating commissions. That’s the caveat. A double-edged sword if you will.

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