Notes

Benefits of Trading on Binance


Recently I began using Binance initially as well as the experience is quite simply excellent.





I traditionally traded on Bittrex when looking for lower cap alt coins but over the past few months Bittrex may have slowed down, and become 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 including IOTA and WTC, two solid projects that have been storming the coinmarketcap rankings.

Why I adore Binance and what are the benefits?

Below are some factors why I am enjoying using Binance.

1) Forks

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

One benefit with Binance is just how quickly they support forked coins. Virtually as soon as a fork happens you will get that same number or equivelent quantity of coins from your fork with your wallet if you hold Bitcoin about the exchange.

Thus far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name some.

2) Airdrops

Airdrops certainly are a relatively new marketing tactic for new coin owners that has mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance is already supporting a lot more these free airdrops where 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 good thing because it’s free but the goal of the coin creators is always to encourage you 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 could be reduced automatically by opting directly into pay utilizing their own BNB token, this is a smart idea plus shows that the BNB coin itself is a solid investment as it grows in value for its increased use on the exchange.

The main fee is .10% for all those customers on all trades regarless of your customers volume, which we believe is a fair technique of doing things, not favouring the whales. If you want to use BNB coin to spend the fees (which doesn’t involve any manual work on your part) then your fees reduce to .05% on all trades. Excellent!

4) Use of New Coins

Using Binance will give you the ability to buy plenty of coins that could not even be around on Bittrex, in addition, it provides one of the more trustworthy and safe exchanges to acquire such coins and it is far easier than muddling towards you through EtherDelta unless you know what you are doing or have zero other choice. When there is hardly any other means of buying the Tokens I would always would rather buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite affiliate internet marketing receiving a bad name over time one important thing is made for sure, it really works! It generates interest and yes it empowers it’s users to perform the marketing as opposed to spending that budget elsewhere. The caveat is it can end up with people misleading everyone in the hopes of generating commissions. If you will, a double-edged sword.


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