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

I traditionally traded on Bittrex while searching for lower cap alt coins but in the last few months Bittrex appears to have slowed down, and become more buggy than normal with laggy chart data and delayed notifications (like hours late).

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

Why I like Binance and exactly what are the benefits?

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

1) Forks

Many exchanges and web wallets don’t shell out your Bitcoin fork coins in a short time, the truth is at the time of publishing 4 months on Coinbase users still don’t their very own Bitcoin Cash.

One benefit with Binance is how quickly they support forked coins. If you hold Bitcoin about the exchange then just about the moment a fork happens you will possess that same number or equivelent amount of coins in the fork inside your wallet.

Up to now on Binance I actually have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.

2) Airdrops

Airdrops are a somewhat new marketing tactic for first time coin owners which has mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is now supporting a lot more these free airdrops in which you literally review your account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s the best thing because it’s free but the objective of the coin creators is usually to encourage you to definitely then look into the coin and hopefully buy more. In any event selling these could be a nice little bonus for the crypto portfiolio.

3) Fees

The fees on Binance might be reduced automatically by opting directly into pay making use of their own BNB token, it is a smart idea as well as 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 those customers on all trades regarless in the customers volume, which we believe is actually a fair technique of doing things, not favouring the whales. If you opt to use BNB coin to cover the fees (which doesn’t involve any manual work by you) your fees reduce to .05% on all trades. Excellent!

4) Usage of New Coins

Using Binance provides you with the opportunity to buy plenty of coins which may not even be around on Bittrex, it also provides one of the most trustworthy and safe exchanges to acquire such coins and it is much easier than muddling your way through EtherDelta unless you know what you are carrying out or do not have other choice. If there is not one other way of purchasing the Tokens I might always prefer to buy via Binance, as i use EtherDelta.

5) Referral Commissions

Despite internet affiliate marketing acquiring a bad name through the years something is for sure, the system functions! It generates interest and it also empowers it’s users to perform the marketing instead of spending that budget elsewhere. It may find yourself with people misleading people with the idea of generating commissions. That’s the caveat. A double-edged sword when you will.

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