Great things about Trading on Binance

Recently I began using Binance the first time as well as the experience continues to be put simply excellent.

I traditionally traded on Bittrex when searching for lower cap alt coins but over the past several months Bittrex seems to have slowed down, and turn into more buggy than usual with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance because of them listing some unique projects unavailable on Bittrex yet like WTC and IOTA, two solid projects that were storming within the coinmarketcap rankings.

Why I really like Binance and do you know the benefits?

Here are several main reasons why I am just enjoying using Binance.

1) Forks

Many web and exchanges wallets don’t shell out your Bitcoin fork coins in a short time, actually by publishing 4 months on Coinbase users still don’t have their 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 pretty much the moment a fork happens you will have that same number or equivelent amount of coins in the fork inside your wallet.

Thus far on Binance I have got had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name a few.

2) Airdrops

Airdrops certainly are a relatively recent marketing tactic for new coin owners which has mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance is currently supporting progressively 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 purpose of the coin creators is always to encourage anyone to then look into the coin and hopefully buy more. In any case selling these might be a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance might be reduced automatically by opting directly into pay using their own BNB token, this really is a smart idea as well as implies that the BNB coin itself is a solid investment as it grows in value for its increased use around the exchange.

The principle fee is .10% for all 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 decide to use BNB coin to pay for the fees (which doesn’t involve any manual work from you) in that case your fees reduce to .05% on all trades. Excellent!

4) Usage of New Coins

Using Binance will give you the ability to buy lots of coins which could not even be available on Bittrex, in addition, it provides one of the more trustworthy and safe exchanges to acquire such coins which is much simpler than muddling the right path through EtherDelta unless you know what you are carrying out or do not have other choice. As I use EtherDelta if you find hardly any other means of buying the Tokens I might always prefer to buy via Binance.

5) Referral Commissions

Despite affiliate marketing online acquiring a bad name through the years one thing is made for sure, it functions! It generates interest plus it empowers it’s users to complete the marketing instead of spending that budget elsewhere. The caveat is it can find yourself with people misleading the general public in the hopes of generating commissions. A double-edged sword if you will.


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