5 Simple Reasons Why You Should Use Binance Exchange
1. Top in Volume
The screenshot says it all, doesn't it.
2. Large Number of Alt Crytocurrencies Listed
As of writing, Binance has a massive total of 232 trading pairs with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and USD Tether (USDT). Out of these 232, there are 97 BTC trading pairs.
Binance has been listing many of the new cryptocurrencies and "hyped" coins so you will not miss out the opportunity to buy them!
3. Relatively Cheaper Trading Fees
If you use BNB to trade any coins on Binance, trading fees are halved from 0.1% to 0.05% for the first year upon registering which makes it really worth it considering the fact that Binance trading fees are already so low! Just exchange BTC/ETH for some BNB after you are registered with Binance and toggle on "Using BNB to pay for fees" under the Account tab to make full use of the cheaper fees.
Also, with the rising demand and usage of the Binance platform, it would not hurt to own BNB for it has much potential to rise in value. The image below shows the charts of BNB from a month back:
4. Position on Dividends and Forks
Not all exchanges do this but Binance was the first to distribute GAS to NEO holders. All NEO holders on Binance will get GAS which is produced by NEO monthly.
In addition, during forks, Binance will take a snapshot at the time of the fork. After the forked block-chain and wallet are available and stable, Binance will credit the forked coins to users. However, users only have 7 days to withdraw their forked coins.
5. Binance Referral Program
After registering with Binance, you get your own unique referral link. Invite your friends to register via your referral link and get rewarded once they complete a trade on the exchange. You get 50% of their trading fees! However, the rate of 50% may be readjusted after a certain period of time, depending on the circumstance.
If you have enjoyed reading my article and want to register with Binance, please do use my referral link https://www.binance.com/?ref=11270571 to register.
Many thanks to those who sign up with my link to help a college student on bank loans.
ETH address: 0x48E5b1b6c7AE23ACC75F575492a362e6A1004fc4 (donations welcomed)
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