Great things about Trading on Binance

Recently I began using Binance the very first time as well as the experience is basically excellent.

I traditionally traded on Bittrex when searching for lower cap alt coins but during the last several months Bittrex may have 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 such as WTC and IOTA, two solid projects that have been storming in the coinmarketcap rankings.

Why I like Binance and what are the benefits?

Below are some main reasons why I am enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t shell out your Bitcoin fork coins in a short time, in reality as of publishing 4 months on Coinbase users still don’t have their Bitcoin Cash.

One benefit with Binance is when quickly they support forked coins. Should you hold Bitcoin about the exchange then just about the moment a fork happens you will get that same number or equivelent variety of coins from your fork in your wallet.

So, far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.

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 now supporting a lot more these free airdrops where you literally review your account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s the best thing because it’s free but the objective of the coin creators would be to encourage one to then investigate the coin and hopefully buy more. Either way selling these can be a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance might be reduced automatically by opting in to pay utilizing their own BNB token, it is a smart idea plus reveals that the BNB coin is a good investment as it grows in value because of its increased use in the exchange.

The principle fee is .10% for those customers on all trades regarless from the customers volume, which we think is actually 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 from you) after that your fees reduce to .05% on all trades. Excellent!

4) Access to New Coins

Using Binance gives you the capability to buy a lot of coins that may not be available on Bittrex, it also provides one of the most trustworthy and safe exchanges to purchase such coins which is much easier than muddling the right path through EtherDelta unless do you know what you are carrying out or have no other choice. While I use EtherDelta if there is no other means of purchasing the Tokens I might always choose to buy via Binance.

5) Referral Commissions

Despite affiliate internet marketing obtaining a bad name over the years one important thing is for sure, it works! It generates interest and yes it empowers it’s users to perform the marketing instead of spending that budget elsewhere. It might end up getting people misleading people with the idea of generating commissions. That's the caveat. A double-edged sword if you will.


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