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Recently I began using Binance initially and also the experience is quite simply excellent.

I traditionally traded on Bittrex while searching for lower cap alt coins but in the last several months Bittrex may have slowed down, and grow 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 not available on Bittrex yet such as WTC and IOTA, two solid projects which have been storming up the coinmarketcap rankings.

Why I really like Binance and which are the benefits?

Here are several main 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, in reality 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. Basically once a fork happens you will get that same number or equivelent amount of coins from the fork with 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 mention a few.

2) Airdrops

Airdrops really are a fairly new marketing tactic for new coin owners containing mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance has become supporting a lot more these free airdrops the place you literally review your account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s a very important thing because it’s free but the objective of the coin creators is always to encourage one to then check out the coin and hopefully buy more. Either way selling these can be a nice little bonus for the crypto portfiolio.

3) Fees

The fees on Binance could be reduced automatically by opting straight into pay using their own BNB token, this really is a smart idea and also shows that the BNB coin itself is a solid investment because it grows in value due to its increased use around the exchange.

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

4) Access to New Coins

Using Binance gives you the cabability to buy a lot of coins which may not really be available on Bittrex, it also provides probably the most trustworthy and safe exchanges to acquire such coins and is far easier than muddling the right path through EtherDelta unless do you know what you are doing or do not have other choice. If you find hardly any other strategy for purchasing the Tokens I would personally always would rather buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite affiliate marketing online getting a bad name through the years one thing is made for sure, it functions! It generates interest and it also empowers it’s users to do the marketing instead of spending that budget elsewhere. It could end up with people misleading the public in the hopes of generating commissions. That’s the caveat. A double-edged sword should you will.

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