tulipchain41 posted an update 4 months ago
Recently I began using Binance the first time and the experience continues to be put simply excellent.
I traditionally traded on Bittrex when evaluating lower cap alt coins but over the past couple of months Bittrex offers slowed down, and turn into more buggy than usual with laggy chart data and delayed notifications (like hours late).
I originally switched to using Binance due to them listing some unique projects unavailable on Bittrex yet like IOTA and WTC, two solid projects that have been storming in the coinmarketcap rankings.
Why I love Binance and do you know the benefits?
Here are several main reasons why I am enjoying using Binance.
Many exchanges and web wallets don’t shell out your Bitcoin fork coins quickly, the truth is since publishing 4 months on Coinbase users still don’t get their Bitcoin Cash.
One benefit with Binance is how quickly they support forked coins. Basically the moment a fork happens you will possess that same number or equivelent amount of coins from your fork in your wallet when you hold Bitcoin about the exchange.
So, far on Binance We have had Bitcoin cash, Bitcoin Gold, Bitcoin Diamond and Bitcoin silver the name some.
Airdrops certainly are a relatively recent marketing tactic for first time coin owners containing mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance is currently supporting progressively more these free airdrops that you literally evaluate your account and think “I didn’t buy these coins” and “wait, what even are these coins”. It’s the best thing because it’s free but the goal of the coin creators is to encourage you to definitely then look into the coin and hopefully buy more. Either way selling these could be a nice little bonus for the crypto portfiolio.
The fees on Binance might be reduced automatically by opting in to pay using their own BNB token, it is a smart idea and in addition reveals that the BNB coin itself is an excellent investment mainly because it grows in value due to the increased use around the exchange.
The primary fee is .10% for all 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 pay for the fees (which doesn’t involve any manual work on your side) after that your fees reduce to .05% on all trades. Excellent!
4) Entry to New Coins
Using Binance offers you the opportunity to buy a lot of coins which may not be around on Bittrex, it also provides one of the more trustworthy and safe exchanges to purchase such coins which is much easier than muddling your path through EtherDelta unless you know what you are doing or have no other choice. If you have not one other strategy for getting the Tokens I might always want to buy via Binance, as i use EtherDelta.
5) Referral Commissions
Despite affiliate marketing online obtaining a bad name over the years a very important factor is for sure, it functions! It generates interest plus it empowers it’s users to perform the marketing rather than spending that budget elsewhere. It might find yourself with people misleading people with the idea of generating commissions. That’s the caveat. A double-edged sword should you will.
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