Advantages of Trading on Binance
Recently I began using Binance the very first time and the experience is quite simply excellent.
I traditionally traded on Bittrex when evaluating lower cap alt coins but within the last several months 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 up the coinmarketcap rankings.
Why I like Binance and which are the benefits?
Below are some reasons why I am enjoying using Binance.
1) Forks
Many exchanges and web wallets don’t pay out your Bitcoin fork coins quickly, in fact as of publishing 4 months on Coinbase users still don’t their very own Bitcoin Cash.
One benefit with Binance is when quickly they support forked coins. Pretty much the moment a fork happens you will possess that same number or equivelent number of coins in the fork within your wallet should you hold Bitcoin about the exchange.
So far on Binance We have 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 first time coin owners which has mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance is now supporting progressively more these free airdrops where you literally evaluate your account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s a very good thing because it’s free but the aim of the coin creators would be to encourage anyone to then look into the coin and hopefully buy more. Either way selling these might be a nice little bonus for your crypto portfiolio.
3) Fees
The fees on Binance can be reduced automatically by opting into pay employing their own BNB token, this really is a smart idea plus implies that the BNB coin itself is a great investment because it grows in value due to its increased use about the exchange.
The key fee is .10% for many customers on all trades regarless of your customers volume, which we think can be a fair way to do things, not favouring the whales. If you want to use BNB coin to pay for the fees (which doesn’t involve any manual work by you) then your fees reduce to .05% on all trades. Excellent!
4) Use of New Coins
Using Binance offers you the opportunity to buy lots of coins that may not even be around on Bittrex, additionally, it provides one of the most trustworthy and safe exchanges to purchase such coins and is also much simpler than muddling your path through EtherDelta unless do you know what you are carrying out or have zero other choice. When there is hardly any other strategy for getting the Tokens I would always want to buy via Binance, as i use EtherDelta.
5) Referral Commissions
Despite affiliate marketing receiving a bad name over time one important thing is perfect for sure, the system functions! It generates interest and yes it empowers it’s users to perform the marketing instead of spending that budget elsewhere. It may find yourself with people misleading the general public in the hopes of generating commissions. That's the caveat. Should you will, a double-edged sword.
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