Recently I began using Binance the very first time and also the experience has been quite simply excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but over the past month or two Bittrex seems to have slowed down, and be more buggy than usual with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance due to them listing some unique projects not available on Bittrex yet like IOTA and WTC, two solid projects which were storming the coinmarketcap rankings.

Why I really like Binance and do you know the benefits?

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

1) Forks

Many exchanges and web wallets don’t shell out your Bitcoin fork coins very quickly, in fact 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. Just about when a fork happens you will possess that same number or equivelent variety of coins in the fork within your wallet should you hold Bitcoin in the exchange.

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 can be a relatively recent marketing tactic for new coin owners which includes mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance has become supporting an increasing number of these free airdrops the place you literally evaluate your account and think “I didn’t purchase these “wait and coins”, what even are these coins”. It’s a good thing because it’s free but the purpose of the coin creators is usually to encourage anyone to then research the coin and hopefully buy more. Either way selling these can be quite a nice little bonus to your crypto portfiolio.

3) Fees

The fees on Binance can be reduced automatically by opting directly into pay using their own BNB token, this can be a smart idea plus shows that the BNB coin itself is a great investment as it grows in value for 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 can be a fair technique of doing 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) Use of New Coins

Using Binance provides you with the cabability to buy a lot of coins which could not yet be available on Bittrex, additionally, it provides one of the more trustworthy and safe exchanges to acquire such coins which is much simpler than muddling the right path through EtherDelta unless you know what you are doing or do not have other choice. While I use EtherDelta if you find not any other way of purchasing the Tokens I would always prefer to buy via Binance.

5) Referral Commissions

Despite affiliate internet marketing obtaining a bad name throughout the years a very important factor is for sure, it works! It generates interest and it also empowers it’s users to perform the marketing instead of spending that budget elsewhere. It may end up with people misleading everyone in the hopes of generating commissions. That’s the caveat. Should you will, a double-edged sword.

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