• Hoffmann Mcclain posted an update 2 months ago

    Recently I began using Binance initially and the experience continues to be put simply excellent.

    I traditionally traded on Bittrex while searching for lower cap alt coins but over the past month or two 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 due to them listing some unique projects not available on Bittrex yet for example IOTA and WTC, two solid projects which were storming within the coinmarketcap rankings.

    Why I adore Binance and exactly what are the benefits?

    Below are some explanations why I am enjoying using Binance.

    1) Forks

    Many exchanges and web wallets don’t shell out your Bitcoin fork coins in a short time, in reality by publishing 4 months on Coinbase users still don’t have their own Bitcoin Cash.

    One benefit with Binance is the way quickly they support forked coins. Basically once a fork happens you will get that same number or equivelent quantity of coins in the fork within your wallet should you hold Bitcoin about the exchange.

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

    2) Airdrops

    Airdrops can be a somewhat new marketing tactic for new coin owners which has mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is currently supporting an increasing number of these free airdrops that you literally look at your account and think “I didn’t purchase these coins” and “wait, what even are these coins”. It’s a very important thing because it’s free but the purpose of the coin creators is to encourage anyone to then research the coin and hopefully buy more. Either way selling these could be a nice little bonus for your personal crypto portfiolio.

    3) Fees

    The fees on Binance might be reduced automatically by opting straight into pay employing their own BNB token, it is a smart idea plus implies that the BNB coin itself is an excellent investment because it grows in value due to the increased use in the exchange.

    The main fee is .10% for those customers on all trades regarless of the 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 spend the fees (which doesn’t involve any manual work on your part) your fees reduce to .05% on all trades. Excellent!

    4) Usage of New Coins

    Using Binance will give you the cabability to buy a lot of coins which may not really be available on Bittrex, it also provides one of the most trustworthy and safe exchanges to purchase such coins and it is much easier than muddling your path through EtherDelta unless do you know what you are doing or have zero other choice. As I use EtherDelta when there is not one other means of acquiring the Tokens I might always prefer to buy via Binance.

    5) Referral Commissions

    Despite internet affiliate marketing obtaining a bad name throughout the years one important thing is designed for sure, the system functions! It generates interest and it also empowers it’s users to complete the marketing rather than spending that budget elsewhere. It may end up having people misleading the general public with the idea of generating commissions. That’s the caveat. A double-edged sword if you will.

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