Advantages of Trading on Binance

Recently I began using Binance for the first time as well as the experience is quite simply excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but over the past month or two Bittrex appears to have slowed down, and turn into more buggy than normal with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance on account of them listing some unique projects not available on Bittrex yet such as 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 just enjoying using Binance.

1) Forks

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

One benefit with Binance is just how quickly they support forked coins. Pretty much when a fork happens you will get that same number or equivelent number of coins through the fork in your wallet if you hold Bitcoin in the exchange.

Up to now on Binance I have got had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the mention a few.

2) Airdrops

Airdrops can be a relatively recent marketing tactic for brand new coin owners containing mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is currently supporting an increasing number of these free airdrops in which you literally evaluate your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s a good thing because it’s free but the goal of the coin creators is usually to encourage you to then research the coin and hopefully buy more. In either case selling these can be quite a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance can be reduced automatically by opting straight into pay making use of their own BNB token, this can be a smart idea and in addition implies that the BNB coin itself is a great investment mainly because it grows in value due to the increased use about the exchange.

The principle fee is .10% for those customers on all trades regarless of the customers volume, which we think can be a fair method of doing things, not favouring the whales. If you decide to use BNB coin to cover the fees (which doesn’t involve any manual work by you) in that case your fees reduce to .05% on all trades. Excellent!

4) Access to New Coins

Using Binance offers you the cabability to buy plenty of coins which could not yet be available on Bittrex, furthermore, it provides probably the most trustworthy and safe exchanges to purchase such coins which is much easier than muddling your way through EtherDelta unless you know what you are doing or have no other choice. While I use EtherDelta when there is hardly any other method of getting the Tokens I would always prefer to buy via Binance.

5) Referral Commissions

Despite affiliate marketing online receiving a bad name over time something is designed for sure, it works! It generates interest and it empowers it’s users to perform the marketing as opposed to spending that budget elsewhere. It can end up with people misleading people in the hopes of generating commissions. That's the caveat. In the event you will, a double-edged sword.


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