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  • Womble Kirk posted an update 3 months, 3 weeks ago

    Recently I began using Binance initially along with the experience has become quite simply excellent.

    I traditionally traded on Bittrex when searching for lower cap alt coins but within 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 not available on Bittrex yet including WTC and IOTA, two solid projects that have been storming up the coinmarketcap rankings.

    Why I really like Binance and what are the benefits?

    Below are some main reasons why I am enjoying using Binance.

    1) Forks

    Many web and exchanges wallets don’t shell out your Bitcoin fork coins rapidly, the truth is at the time of publishing 4 months on Coinbase users still don’t have their Bitcoin Cash.

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

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

    2) Airdrops

    Airdrops can be a somewhat new marketing tactic for new coin owners which includes mostly been rewarded to Ethereum holders utilizing the MyEtherWallet however Binance has become supporting a lot more these free airdrops the place 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 objective of the coin creators would be to encourage one to then check out the coin and hopefully buy more. In any case selling these can be a nice little bonus for the crypto portfiolio.

    3) Fees

    The fees on Binance can be reduced automatically by opting directly into pay making use of their own BNB token, this can be a smart idea and also reveals that the BNB coin itself is a good investment as it grows in value for its increased use in the exchange.

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

    4) Use of New Coins

    Using Binance will give you the capability to buy plenty of coins that could not be around on Bittrex, it also provides one of the more trustworthy and safe exchanges to purchase such coins and is much simpler than muddling your path through EtherDelta unless you know what you are carrying out or have no other choice. If you find hardly any other strategy for acquiring the Tokens I would always want to buy via Binance, as i use EtherDelta.

    5) Referral Commissions

    Despite internet affiliate marketing acquiring a bad name over time one thing is made for sure, the system functions! It generates interest and yes it empowers it’s users to complete the marketing rather than spending that budget elsewhere. The caveat is that it can end up getting people misleading the public with the idea of generating commissions. A double-edged sword when you will.

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