Notes

Advantages of Trading on Binance


Recently I began using Binance the very first time and also the experience has been quite simply 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 be 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 such as WTC and IOTA, two solid projects that have been storming within the coinmarketcap rankings.

Why I love Binance and exactly what are the benefits?

Below are some factors why I am enjoying using Binance.

1) Forks

Many exchanges and web wallets don’t pay out your Bitcoin fork coins in a short time, 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. If you hold Bitcoin on the exchange then basically the moment a fork happens you will possess that same number or equivelent number of coins through the fork in your wallet.

Up to now on Binance I have got 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 first time coin owners that has mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance is already supporting progressively more these free airdrops where you literally review your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s the best thing because it’s free but the goal of the coin creators would be to encourage anyone to then investigate the coin and hopefully buy more. In either case selling these can be a nice little bonus for your crypto portfiolio.

3) Fees

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

The principle fee is .10% for all customers on all trades regarless from the customers volume, which we believe is a fair technique of doing things, not favouring the whales. If you want 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) Use of New Coins

Using Binance offers you the opportunity to buy a lot of coins that could not really be available on Bittrex, furthermore, it provides one of the most trustworthy and safe exchanges to buy such coins and is also much simpler than muddling towards you through EtherDelta unless do you know what you are carrying out or do not have other choice. While I use EtherDelta if there is not any other way of purchasing the Tokens I would always choose to buy via Binance.

5) Referral Commissions

Despite affiliate marketing getting a bad name over time one thing is perfect for sure, the system functions! It generates interest and yes it empowers it’s users to do the marketing as opposed to spending that budget elsewhere. The caveat is it can end up with people misleading the general public in the hopes of generating commissions. In the event you will, a double-edged sword.


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