Great things about Trading on Binance

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31 July 2022

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Recently I began using Binance the first time and also the experience has become put simply excellent.

I traditionally traded on Bittrex when searching for lower cap alt coins but during the last few months Bittrex appears to have slowed down, and grow more buggy than usual with laggy chart data and delayed notifications (like hours late).

I originally switched to using Binance on account of them listing some unique projects not available on Bittrex yet including WTC and IOTA, two solid projects which were storming within the coinmarketcap rankings.

Why I really like Binance and do you know the benefits?

Below are some factors why I am just enjoying using Binance.

1) Forks

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

One benefit with Binance is when quickly they support forked coins. Just about the moment a fork happens you will have that same number or equivelent number of coins from your fork inside your wallet when you hold Bitcoin on the exchange.

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

2) Airdrops

Airdrops can be a relatively recent marketing tactic for first time coin owners containing mostly been rewarded to Ethereum holders while using MyEtherWallet however Binance is now supporting progressively more these free airdrops the place you literally take a look at 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 purpose of the coin creators is to encourage anyone to then research the coin and hopefully buy more. In any case selling these can be quite a nice little bonus for your personal crypto portfiolio.

3) Fees

The fees on Binance may be reduced automatically by opting straight into pay utilizing their own BNB token, it is a smart idea plus demonstrates that the BNB coin is a solid investment as it grows in value for its increased use in the exchange.

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

4) Entry to New Coins

Using Binance offers you the cabability to buy plenty of coins that could not be available on Bittrex, it also provides just about the most trustworthy and safe exchanges to get such coins and it is far simpler than muddling your way through EtherDelta unless do you know what you are carrying out or have no other choice. As I use EtherDelta if you have no other strategy for acquiring the Tokens I would personally always want to buy via Binance.

5) Referral Commissions

Despite affiliate internet marketing obtaining a bad name through the years one thing is designed for sure, it works! It generates interest and it empowers it’s users to complete the marketing instead of spending that budget elsewhere. It may end up getting people misleading the public with the idea of generating commissions. That's the caveat. A double-edged sword if you will.

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