Benefits of Trading on Binance
Recently I began using Binance the first time and also the experience is put simply excellent.
I traditionally traded on Bittrex when searching for lower cap alt coins but during the last couple of months Bittrex seems to 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 WTC and IOTA, two solid projects which were storming up the coinmarketcap rankings.
Why I really like Binance and what are the benefits?
Below are some explanations why I am just enjoying using Binance.
Many exchanges and web wallets don’t shell out your Bitcoin fork coins rapidly, in fact since 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. If you hold Bitcoin in the exchange then virtually when a fork happens you will possess that same number or equivelent quantity of coins in the fork within your wallet.
So far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.
Airdrops certainly are a fairly new marketing tactic for new coin owners which has mostly been rewarded to Ethereum holders making use of the MyEtherWallet however Binance is already supporting an increasing number of these free airdrops in which 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 important thing because it’s free but the goal of the coin creators is to encourage anyone to then research the coin and hopefully buy more. In any case selling these can be a nice little bonus to your crypto portfiolio.
The fees on Binance can be reduced automatically by opting into pay making use of their own BNB token, this is a smart idea and in addition shows that the BNB coin is a good investment since it grows in value due to the increased use on the exchange.
The key fee is .10% for those customers on all trades regarless of your customers volume, which we think can be a fair way to do things, not favouring the whales. If you opt to use BNB coin to cover the fees (which doesn’t involve any manual work from you) after that your fees reduce to .05% on all trades. Excellent!
4) Access to New Coins
Using Binance gives you the opportunity to buy a lot of coins which could not really be available on Bittrex, furthermore, it provides probably the most trustworthy and safe exchanges to acquire such coins which is far easier than muddling the right path through EtherDelta unless do you know what you are doing or have zero other choice. If there is hardly any other strategy for purchasing the Tokens I might always would rather buy via Binance, while I use EtherDelta.
5) Referral Commissions
Despite affiliate marketing online acquiring a bad name throughout the years one thing is perfect for sure, it functions! It generates interest and yes it empowers it’s users to perform the marketing as opposed to spending that budget elsewhere. It may end up with people misleading the general public with the idea of generating commissions. That's the caveat. A double-edged sword in the event you will.
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