Benefits associated with Trading on Binance
Recently I began using Binance the first time along with the experience continues to be basically excellent.
I traditionally traded on Bittrex while searching for lower cap alt coins but over the past month or two Bittrex may have slowed down, and be 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 including WTC and IOTA, two solid projects that have been storming the coinmarketcap rankings.
Why I love Binance and which are the benefits?
Here are several explanations why I am enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t pay out your Bitcoin fork coins rapidly, in fact since publishing 4 months on Coinbase users still don’t have their Bitcoin Cash.
One benefit with Binance is the way quickly they support forked coins. Virtually once a fork happens you will possess that same number or equivelent number of coins from the fork in your wallet if you hold Bitcoin on the exchange.
So, far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the mention a few.
2) Airdrops
Airdrops certainly are a fairly new marketing tactic for new coin owners which includes mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is currently supporting progressively 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 a very good thing because it’s free but the aim of the coin creators is always to encourage you to then look into 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 can be reduced automatically by opting straight into pay utilizing their own BNB token, this is a smart idea and also demonstrates that the BNB coin is an excellent investment since it grows in value for its increased use around the exchange.
The key fee is .10% for all customers on all trades regarless in the customers volume, which we believe is a fair technique of doing things, not favouring the whales. If you want to use BNB coin to pay the fees (which doesn’t involve any manual work from you) in that case your fees reduce to .05% on all trades. Excellent!
4) Entry to New Coins
Using Binance provides you with the cabability to buy a great deal of coins which could not even be around on Bittrex, in addition, it provides just about the most trustworthy and safe exchanges to get such coins and is also much simpler than muddling your way through EtherDelta unless do you know what you are carrying out or have zero other choice. If you find no other strategy for buying the Tokens I might always would rather buy via Binance, while I use EtherDelta.
5) Referral Commissions
Despite affiliate marketing receiving a bad name over the years something is for sure, it functions! It generates interest and it empowers it’s users to perform the marketing as an alternative to spending that budget elsewhere. The caveat is it can end up getting people misleading people in the hopes of generating commissions. Should you will, a double-edged sword.
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