Daniels Hyde posted an update 1 month, 3 weeks ago
Recently I began using Binance initially and also the experience is put simply excellent.
I traditionally traded on Bittrex while searching for lower cap alt coins but within the last few months Bittrex seems to 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 on account of them listing some unique projects not available on Bittrex yet such as IOTA and WTC, two solid projects which were storming within the coinmarketcap rankings.
Why I like Binance and do you know the benefits?
Here are several factors why I am enjoying using Binance.
Many web and exchanges wallets don’t pay out your Bitcoin fork coins in a short time, the truth is since publishing 4 months on Coinbase users still don’t have their Bitcoin Cash.
One benefit with Binance is how quickly they support forked coins. Just about when a fork happens you will get that same number or equivelent variety of coins in the fork within your wallet if you hold Bitcoin in the exchange.
To date on Binance I have got had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name a few.
Airdrops are a relatively new marketing tactic for brand new coin owners containing mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is already supporting progressively more these free airdrops where you literally look at your account and think “I didn’t buy these “wait and coins”, what even are these coins”. It’s a very good thing because it’s free but the objective of the coin creators is always to encourage one to then investigate the coin and hopefully buy more. In any event selling these can be quite a nice little bonus to your crypto portfiolio.
The fees on Binance might be reduced automatically by opting in to pay employing their own BNB token, this can be a smart idea and in addition shows that the BNB coin is a solid investment since it grows in value because of its increased use on the exchange.
The key fee is .10% for those customers on all trades regarless from the customers volume, which we think is really a fair way to do things, not favouring the whales. If you decide to use BNB coin to spend 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 offers you the ability to buy a great deal of coins which may not even be available on Bittrex, it also provides just about the most trustworthy and safe exchanges to acquire such coins and is much simpler than muddling your way through EtherDelta unless you know what you are doing or do not have other choice. If you find hardly any other means of acquiring the Tokens I would always choose to buy via Binance, as i use EtherDelta.
5) Referral Commissions
Despite affiliate marketing acquiring a bad name over time one important thing is perfect for sure, it really works! It generates interest plus it empowers it’s users to perform the marketing instead of spending that budget elsewhere. It could end up having people misleading the general public with the idea of generating commissions. That’s the caveat. Should you will, a double-edged sword.
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