• Camp Langston posted an update 1 year, 8 months ago

    Recently I began using Binance the very first time along with the experience is put simply excellent.

    I traditionally traded on Bittrex while searching for lower cap alt coins but within the last few months Bittrex seems to 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 as a result of them listing some unique projects unavailable on Bittrex yet for example WTC and IOTA, two solid projects which were storming in the coinmarketcap rankings.

    Why I adore Binance and exactly what are the benefits?

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

    1) Forks

    Many web and exchanges wallets don’t pay out your Bitcoin fork coins quickly, the truth is as of publishing 4 months on Coinbase users still don’t have their own Bitcoin Cash.

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

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

    2) Airdrops

    Airdrops are a relatively new marketing tactic for first time coin owners which includes mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance has become supporting a lot more these free airdrops the place you literally look at 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 objective of the coin creators is always to encourage you to then look into the coin and hopefully buy more. Either way selling these might be a nice little bonus for your crypto portfiolio.

    3) Fees

    The fees on Binance can be reduced automatically by opting into pay employing their own BNB token, this really is a smart idea plus reveals that the BNB coin is a great investment mainly because it grows in value due to its increased use about the exchange.

    The principle fee is .10% for many customers on all trades regarless of your customers volume, which we think is really a fair method of doing things, not favouring the whales. If you want to use BNB coin to cover the fees (which doesn’t involve any manual work on your part) in that case your fees reduce to .05% on all trades. Excellent!

    4) Entry to New Coins

    Using Binance provides you with the cabability to buy a great deal of coins which could not yet be around on Bittrex, furthermore, it provides one of the more trustworthy and safe exchanges to get such coins and is far simpler than muddling your path through EtherDelta unless you know what you are doing or have zero other choice. While I use EtherDelta if there is not one other strategy for buying the Tokens I would always want to buy via Binance.

    5) Referral Commissions

    Despite affiliate marketing receiving a bad name throughout the years something is for sure, it functions! It generates interest and it also empowers it’s users to accomplish the marketing as opposed to spending that budget elsewhere. It might end up getting people misleading everyone with the idea of generating commissions. That’s the caveat. A double-edged sword should you will.

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