Benefits associated with Trading on Binance
Recently I began using Binance for the first time along with the experience is basically excellent.
I traditionally traded on Bittrex when evaluating lower cap alt coins but over the past few months Bittrex seems to have slowed down, and turn into 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 have been storming 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 web and exchanges wallets don’t shell out your Bitcoin fork coins in a short time, in fact by publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.
One benefit with Binance is when quickly they support forked coins. Should you hold Bitcoin in the exchange then basically once a fork happens you will get that same number or equivelent number of coins in the fork inside your wallet.
So, far on Binance We 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 which includes mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance has become supporting a lot more these free airdrops in which you literally evaluate your account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s the best thing because it’s free but the goal of the coin creators is to encourage you to then check out the coin and hopefully buy more. In any event selling these might be a nice little bonus for your crypto portfiolio.
3) Fees
The fees on Binance may be reduced automatically by opting into pay employing their own BNB token, this is a smart idea plus reveals that the BNB coin itself is a good investment as it grows in value for its increased use about the exchange.
The primary fee is .10% for all those customers on all trades regarless of your customers volume, which we think is a fair way to do things, not favouring the whales. If you want to use BNB coin to pay for the fees (which doesn’t involve any manual work by you) then your fees reduce to .05% on all trades. Excellent!
4) Entry to New Coins
Using Binance will give you the opportunity to buy a lot of coins that may not be around on Bittrex, additionally, it provides just about the most trustworthy and safe exchanges to acquire such coins and it is much easier than muddling your path through EtherDelta unless you know what you are carrying out or do not have other choice. If you have not one other method of getting the Tokens I would always want to buy via Binance, while I use EtherDelta.
5) Referral Commissions
Despite internet affiliate marketing receiving a bad name throughout the years one important thing is for sure, it functions! It generates interest and it empowers it’s users to do the marketing as opposed to spending that budget elsewhere. It could find yourself with people misleading the public with the idea of generating commissions. That's the caveat. A double-edged sword should you will.
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