Benefits of Trading on Binance
Recently I began using Binance initially and also the experience has been basically excellent.
I traditionally traded on Bittrex when looking for lower cap alt coins but during the last couple of months Bittrex seems to have slowed down, and grow more buggy than normal 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 IOTA and WTC, two solid projects which were storming the coinmarketcap rankings.
Why I really like Binance and do you know the benefits?
Below are some explanations why I am just enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t pay out your Bitcoin fork coins rapidly, in fact at the time of publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.
One benefit with Binance is the way quickly they support forked coins. Pretty much when a fork happens you will get that same number or equivelent amount of coins from the fork within your wallet when you hold Bitcoin about the exchange.
So, far on Binance I actually have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name some.
2) Airdrops
Airdrops really are a fairly new marketing tactic for brand new coin owners which has mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is now supporting a lot more these free airdrops where you literally review your account and think “I didn’t purchase these “wait and coins”, what even are these coins”. It’s a very good thing because it’s free but the objective of the coin creators is usually to encourage you to definitely then investigate the coin and hopefully buy more. In either case selling these could be a nice little bonus to your crypto portfiolio.
3) Fees
The fees on Binance could be reduced automatically by opting directly into pay making use of their own BNB token, this is a smart idea and in addition shows that the BNB coin is a good investment as it grows in value due to the increased use on the exchange.
The key fee is .10% for all those customers on all trades regarless from the customers volume, which we think is a fair way to do 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) Usage of New Coins
Using Binance offers you the cabability to buy a lot of coins which could not yet be around on Bittrex, additionally, it provides probably the most trustworthy and safe exchanges to get such coins and is also much simpler than muddling towards you through EtherDelta unless you know what you are carrying out or have zero other choice. As I use EtherDelta if you have hardly any other strategy for buying the Tokens I would always would rather buy via Binance.
5) Referral Commissions
Despite affiliate marketing receiving a bad name throughout the years something is perfect for sure, it works! It generates interest and yes it empowers it’s users to accomplish the marketing as an alternative to spending that budget elsewhere. It could find yourself with people misleading people in the hopes of generating commissions. That's the caveat. Should you will, a double-edged sword.
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