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

I traditionally traded on Bittrex while searching for lower cap alt coins but within the last several months Bittrex appears to have slowed down, and grow more buggy than normal with laggy chart data and delayed notifications (like hours late).

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

Why I adore Binance and exactly what are the benefits?

Below are some explanations why I am enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t pay out your Bitcoin fork coins very quickly, actually by 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. Pretty much once a fork happens you will have that same number or equivelent variety of coins in the fork with your wallet in the event you hold Bitcoin on the exchange.

Thus far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the mention a few.

2) Airdrops

Airdrops certainly are a fairly new marketing tactic for brand new coin owners containing mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is already supporting a lot 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 purpose of the coin creators is to encourage anyone to then research the coin and hopefully buy more. In any event selling these could be a nice little bonus for the crypto portfiolio.

3) Fees

The fees on Binance may be reduced automatically by opting straight into pay making use of their own BNB token, this is a smart idea as well as implies that the BNB coin is a great investment since it grows in value for its increased use on the exchange.

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

4) Usage of New Coins

Using Binance will give you the opportunity to buy a great deal of coins which could not be around on Bittrex, furthermore, it provides probably the most trustworthy and safe exchanges to get such coins and is much easier than muddling your path through EtherDelta unless you know what you are doing or have no other choice. When there is not any other strategy for getting the Tokens I might always would rather buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite affiliate marketing online getting a bad name through the years one important thing is for sure, the system functions! It generates interest plus it empowers it’s users to complete the marketing rather than spending that budget elsewhere. It could end up getting people misleading everyone with the idea of generating commissions. That’s the caveat. In the event you will, a double-edged sword.

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