Recently I began using Binance for the first time along with the experience has been quite simply excellent.

I traditionally traded on Bittrex when 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 on account of them listing some unique projects unavailable on Bittrex yet such as IOTA and WTC, two solid projects that were storming up the coinmarketcap rankings.

Why I love Binance and exactly what are the benefits?

Here are several main reasons why I am just enjoying using Binance.

1) Forks

Many exchanges and web wallets don’t pay 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 just how quickly they support forked coins. When you hold Bitcoin about the exchange then virtually when a fork happens you will possess that same number or equivelent number of coins from your fork inside your wallet.

Up to now on Binance I actually have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name just a few.

2) Airdrops

Airdrops can be a fairly new marketing tactic for new coin owners that has mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is now supporting progressively more these free airdrops in which you literally evaluate your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s a good thing because it’s free but the aim of the coin creators is usually to encourage you to definitely then look into the coin and hopefully buy more. In any event selling these can be quite a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance can be reduced automatically by opting straight into pay making use of their own BNB token, this really is a smart idea as well as shows that the BNB coin is an excellent investment because it grows in value for its increased use around the exchange.

The key fee is .10% for all those customers on all trades regarless in the customers volume, which we believe can be a fair way to do things, not favouring the whales. If you opt to use BNB coin to pay for the fees (which doesn’t involve any manual work on your side) your fees reduce to .05% on all trades. Excellent!

4) Entry to New Coins

Using Binance gives you the cabability to buy a lot of coins which could not really be available on Bittrex, it also provides probably the most trustworthy and safe exchanges to buy such coins which is much simpler than muddling the right path through EtherDelta unless do you know what you are carrying out or have no other choice. If there is no other means of purchasing the Tokens I might always would rather buy via Binance, while I use EtherDelta.

5) Referral Commissions

Despite internet affiliate marketing receiving a bad name through the years one thing is for sure, it really 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 getting people misleading everyone with the idea of generating commissions. That’s the caveat. A double-edged sword in the event you will.

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