Great things about Trading on Binance
Recently I began using Binance for the first time as well as the experience has been basically excellent.
I traditionally traded on Bittrex when searching for lower cap alt coins but in the last couple of months Bittrex appears 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 due to them listing some unique projects not available on Bittrex yet like IOTA and WTC, two solid projects that have been storming within the coinmarketcap rankings.
Why I like Binance and which are the benefits?
Below are some explanations why I am enjoying using Binance.
1) Forks
Many web and exchanges wallets don’t shell out your Bitcoin fork coins very quickly, in reality at the time of publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.
One benefit with Binance is when quickly they support forked coins. Pretty much when a fork happens you will get that same number or equivelent quantity of coins through the fork inside your wallet when you hold Bitcoin in the exchange.
So, far on Binance I have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name a few.
2) Airdrops
Airdrops really are a relatively recent marketing tactic for new coin owners which has mostly been rewarded to Ethereum holders using the MyEtherWallet however Binance is currently supporting an increasing number of these free airdrops in which you literally review 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 goal of the coin creators would be to encourage anyone to then research the coin and hopefully buy more. Either way selling these could be a nice little bonus for your crypto portfiolio.
3) Fees
The fees on Binance can be reduced automatically by opting straight into pay employing their own BNB token, this really is a smart idea plus shows that the BNB coin itself is a solid investment since it grows in value because of its increased use in the exchange.
The primary fee is .10% for those customers on all trades regarless in the customers volume, which we believe can be a fair method 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 on your side) then your fees reduce to .05% on all trades. Excellent!
4) Usage of New Coins
Using Binance provides you with the opportunity to buy lots of coins which could not yet be around on Bittrex, in addition, it provides just about the most trustworthy and safe exchanges to acquire such coins which is far simpler than muddling the right path through EtherDelta unless do you know what you are doing or have zero other choice. If you find no other strategy for buying the Tokens I would personally always want to buy via Binance, while I use EtherDelta.
5) Referral Commissions
Despite affiliate marketing obtaining a bad name through the years one important thing is designed for sure, it works! It generates interest and it also empowers it’s users to perform the marketing instead of spending that budget elsewhere. It can end up having people misleading the general public with the idea of generating commissions. That's the caveat. If you will, a double-edged sword.
For details about Binance la gi explore our new net page