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Recently I began using Binance initially and the experience continues to be basically excellent.

I traditionally traded on Bittrex when looking for lower cap alt coins but over the past few months Bittrex may 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 on account of them listing some unique projects unavailable on Bittrex yet such as IOTA and WTC, two solid projects which were storming in the coinmarketcap rankings.

Why I like Binance and which are the benefits?

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

1) Forks

Many exchanges and web wallets don’t shell out your Bitcoin fork coins quickly, in reality since 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. When you hold Bitcoin on the exchange then virtually when a fork happens you will possess that same number or equivelent variety of coins from the fork with your wallet.

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

2) Airdrops

Airdrops can be a somewhat new marketing tactic for brand new coin owners which has mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance has become supporting progressively more these free airdrops that you literally take a look at account and think “I didn’t purchase these “wait and coins”, what even are these coins”. It’s a very good thing because it’s free but the purpose of the coin creators is to encourage you to then research the coin and hopefully buy more. In either case selling these could be a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance could be reduced automatically by opting directly into pay making use of their own BNB token, this can be a smart idea plus demonstrates that the BNB coin itself is a great investment as it grows in value for its increased use around the exchange.

The principle fee is .10% for many customers on all trades regarless of your customers volume, which we believe is actually a fair way to do things, not favouring the whales. If you opt to use BNB coin to spend the fees (which doesn’t involve any manual work by you) your fees reduce to .05% on all trades. Excellent!

4) Entry to New Coins

Using Binance gives you the cabability to buy a great deal of coins which could not even be around on Bittrex, furthermore, it provides just about the most trustworthy and safe exchanges to get such coins which is far easier than muddling the right path through EtherDelta unless do you know what you are doing or have no other choice. If you find no other strategy for acquiring the Tokens I might always want to buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite affiliate marketing online getting a bad name through the years one important thing is perfect for sure, it works! It generates interest and yes it empowers it’s users to complete the marketing as opposed to spending that budget elsewhere. It may end up getting people misleading everyone in the hopes of generating commissions. That’s the caveat. A double-edged sword when you will.

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