Benefits associated with Trading on Binance
Recently I began using Binance for the first time and the experience has been quite simply excellent.
I traditionally traded on Bittrex while searching for lower cap alt coins but during the last few months Bittrex offers slowed down, and be more buggy than normal with laggy chart data and delayed notifications (like hours late).
I originally switched to using Binance due to them listing some unique projects unavailable on Bittrex yet like WTC and IOTA, two solid projects that have been storming the coinmarketcap rankings.
Why I love Binance and which are the benefits?
Here are several factors why I am enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t pay out your Bitcoin fork coins quickly, actually since publishing 4 months on Coinbase users still don’t their very own Bitcoin Cash.
One benefit with Binance is the way quickly they support forked coins. In the event you hold Bitcoin on the exchange then virtually when a fork happens you will have that same number or equivelent quantity of coins in the fork within your wallet.
So, far on Binance I actually have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name some.
2) Airdrops
Airdrops are a relatively recent marketing tactic for brand new coin owners that has mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance has become supporting a lot 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 good thing because it’s free but the objective of the coin creators is always to encourage anyone to then look into the coin and hopefully buy more. Either way selling these can be quite a nice little bonus for the crypto portfiolio.
3) Fees
The fees on Binance might be reduced automatically by opting straight into pay employing their own BNB token, this really is a smart idea and also demonstrates that the BNB coin is a solid investment because it grows in value for its increased use in the exchange.
The primary fee is .10% for those customers on all trades regarless of your customers volume, which we think is really a fair way to do things, not favouring the whales. If you want to use BNB coin to cover the fees (which doesn’t involve any manual work on your side) then your fees reduce to .05% on all trades. Excellent!
4) Usage of New Coins
Using Binance offers you the capability to buy lots of coins which may not yet be available on Bittrex, in addition, it provides one of the most trustworthy and safe exchanges to get such coins which is far easier than muddling your way through EtherDelta unless you know what you are doing or do not have other choice. While I use EtherDelta if there is not one other way of purchasing the Tokens I would always prefer to buy via Binance.
5) Referral Commissions
Despite affiliate marketing receiving a bad name over time something is made for sure, it functions! It generates interest and it also empowers it’s users to do the marketing rather than spending that budget elsewhere. It may end up getting people misleading people with the idea of generating commissions. That's the caveat. A double-edged sword when you will.
More info about tao tai khoan Binance go to the best website