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

I traditionally traded on Bittrex when evaluating lower cap alt coins but during the last couple of months Bittrex appears to have slowed down, and grow 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 unavailable on Bittrex yet for example IOTA and WTC, two solid projects that were storming up the coinmarketcap rankings.

Why I adore Binance and exactly what are the benefits?

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

1) Forks

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

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

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

2) Airdrops

Airdrops can be a relatively recent marketing tactic for new coin owners which has mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is now supporting progressively more these free airdrops where you literally review your account and think “I didn’t purchase these “wait and coins”, what even are these coins”. It’s a very important thing because it’s free but the aim of the coin creators is always to encourage one to then check out the coin and hopefully buy more. In any event selling these can be a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance can be reduced automatically by opting directly into pay utilizing their own BNB token, this is a smart idea and also demonstrates that the BNB coin itself is an excellent investment as it grows in value because of its increased use on the exchange.

The key fee is .10% for those customers on all trades regarless of your customers volume, which we believe is really a fair technique of doing things, not favouring the whales. If you decide to use BNB coin to spend the fees (which doesn’t involve any manual work on your side) after that your fees reduce to .05% on all trades. Excellent!

4) Entry to New Coins

Using Binance gives you the cabability to buy plenty of coins that could not be around on Bittrex, it also provides one of the most trustworthy and safe exchanges to acquire such coins and is also much easier than muddling your way through EtherDelta unless you know what you are doing or have zero other choice. When there is hardly any other way of purchasing the Tokens I might always prefer to buy via Binance, as i use EtherDelta.

5) Referral Commissions

Despite affiliate marketing receiving a bad name throughout the years one thing is for sure, it works! It generates interest and yes it empowers it’s users to accomplish the marketing rather than spending that budget elsewhere. It may end up having people misleading people in the hopes of generating commissions. That’s the caveat. When you will, a double-edged sword.

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