Benefits associated with Trading on Binance
Recently I began using Binance the first time and the experience has become put simply excellent.
I traditionally traded on Bittrex while searching for lower cap alt coins but during the last few months Bittrex appears to have slowed down, and become more buggy than usual 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 for example WTC and IOTA, two solid projects that were storming in the coinmarketcap rankings.
Why I really like Binance and do you know the benefits?
Below are some factors why I am just enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t pay out your Bitcoin fork coins in a short time, in reality since publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.
One benefit with Binance is just how quickly they support forked coins. If you hold Bitcoin about the exchange then virtually the moment a fork happens you will possess that same number or equivelent variety of coins from the fork in your wallet.
So, far on Binance I have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.
2) Airdrops
Airdrops really are a somewhat new marketing tactic for first time coin owners that has mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance has become supporting a lot more these free airdrops where you literally review your account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s a very important thing because it’s free but the goal of the coin creators is usually to encourage you to then check out the coin and hopefully buy more. Either way selling these can be quite a nice little bonus for your personal crypto portfiolio.
3) Fees
The fees on Binance may be reduced automatically by opting straight into pay utilizing their own BNB token, this can be a smart idea plus demonstrates that the BNB coin is a good investment because it grows in value due to its increased use on the exchange.
The primary fee is .10% for all 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 the fees (which doesn’t involve any manual work on your part) in that case your fees reduce to .05% on all trades. Excellent!
4) Access to New Coins
Using Binance provides you with the opportunity to buy a great deal of coins which may not be around on Bittrex, it also provides one of the more trustworthy and safe exchanges to purchase such coins and it is far simpler than muddling your way through EtherDelta unless you know what you are carrying out or have no other choice. While I use EtherDelta if you have no other means of getting the Tokens I would personally always choose to buy via Binance.
5) Referral Commissions
Despite affiliate marketing getting a bad name over time something is perfect for sure, the system functions! It generates interest and it also empowers it’s users to accomplish the marketing instead of spending that budget elsewhere. The caveat is that it can end up getting people misleading the public with the idea of generating commissions. In the event you will, a double-edged sword.
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