• Mcknight Donovan posted an update 1 month, 4 weeks ago

    Recently I began using Binance for the first time and the experience is quite simply excellent.

    I traditionally traded on Bittrex while searching for lower cap alt coins but in the last several months Bittrex seems 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 as a result of them listing some unique projects unavailable on Bittrex yet for example IOTA and WTC, two solid projects that have been storming in the coinmarketcap rankings.

    Why I really like Binance and do you know 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 their very own Bitcoin Cash.

    One benefit with Binance is how quickly they support forked coins. Virtually once a fork happens you will possess that same number or equivelent amount of coins through the fork inside your wallet in the event you hold Bitcoin on the exchange.

    So, far on Binance I have got had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name a few.

    2) Airdrops

    Airdrops certainly are a fairly new marketing tactic for first time coin owners containing mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance has become supporting progressively more these free airdrops in which you literally evaluate 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 goal of the coin creators is usually to encourage you to definitely then check out the coin and hopefully buy more. In either case selling these can be a nice little bonus for your crypto portfiolio.

    3) Fees

    The fees on Binance could be reduced automatically by opting directly into pay using their own BNB token, this is a smart idea and also demonstrates that the BNB coin itself is an excellent investment mainly because it grows in value due to the increased use around the exchange.

    The principle fee is .10% for all those customers on all trades regarless in the customers volume, which we think is really a fair method of doing things, not favouring the whales. If you opt to use BNB coin to spend the fees (which doesn’t involve any manual work on your part) after that your fees reduce to .05% on all trades. Excellent!

    4) Entry to New Coins

    Using Binance gives you the cabability to buy lots of coins that may not really be available on Bittrex, furthermore, it provides just about the most trustworthy and safe exchanges to acquire such coins and is much easier than muddling your way through EtherDelta unless do you know what you are carrying out or have no other choice. If you have hardly any other strategy for acquiring the Tokens I would personally always choose to buy via Binance, as i use EtherDelta.

    5) Referral Commissions

    Despite affiliate internet marketing obtaining a bad name through the years a very important factor is for sure, it functions! It generates interest and yes it empowers it’s users to perform the marketing instead of spending that budget elsewhere. The caveat is it can end up having people misleading everyone with the idea of generating commissions. If you will, a double-edged sword.

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