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Advantages of Trading on Binance

Recently I began using Binance the first time along with the experience has become quite simply excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but in the last few months Bittrex may 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 because of them listing some unique projects not available on Bittrex yet including WTC and IOTA, two solid projects which were storming within the coinmarketcap rankings.

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

Here are several explanations why I am enjoying using Binance.

1) Forks

Many exchanges and web wallets don’t pay out your Bitcoin fork coins very quickly, in fact by publishing 4 months on Coinbase users still don’t have their own Bitcoin Cash.

One benefit with Binance is the way quickly they support forked coins. In the event you hold Bitcoin around the exchange then just about when a fork happens you will have that same number or equivelent number of coins from the fork within your wallet.

So, far on Binance We have 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 brand new coin owners which includes mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance has become supporting progressively more these free airdrops the place you literally take a look at account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s a very important thing because it’s free but the goal of the coin creators is always to encourage you to definitely then investigate the coin and hopefully buy more. Either way selling these could be a nice little bonus to your crypto portfiolio.

3) Fees

The fees on Binance might be reduced automatically by opting into pay using their own BNB token, this really is a smart idea and in addition implies that the BNB coin itself is an excellent investment because it grows in value due to the increased use in the exchange.

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

4) Usage of New Coins

Using Binance will give you the cabability to buy a great deal of coins that could not yet be around on Bittrex, additionally, it provides just about the most trustworthy and safe exchanges to acquire such coins and is much simpler than muddling towards you through EtherDelta unless do you know what you are doing or have no other choice. As I use EtherDelta if you have no other strategy for purchasing the Tokens I might always would rather buy via Binance.

5) Referral Commissions

Despite affiliate marketing obtaining a bad name throughout the years something is designed for sure, it functions! It generates interest and it also empowers it’s users to do the marketing rather than spending that budget elsewhere. The caveat is that it can end up having people misleading the general public in the hopes of generating commissions. A double-edged sword should you will.

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