With the current issues with other exchanges like Poloniex, Bittrex and Coinbase a lot of people have been trying to get in to whatever exchange was open, that resulted in a lot of money being brought to exchanges like Binance which recently closed its doors to new users to allow for an infrastructure upgrade.
So what does this mean?
It means that a lot of other exchanges that don’t have the user base like Binance does will start to experience an overwhelming surge in popularity.
And how do I benefit from that?
- Investing in exchange coins like the binance coin, if you don’t know what Im talking about let me give you a simple explanation, in a nutshell this coins can used to pay for trading fees in the exchange with the added benefit of having a discount when you use them, so the more people getting on board of a new exchange the higher the demand for the exchange coin will be. Also some exchanges also burn this coins after you use them to pay which also increases the value by making the supply smaller.
- Giving people your referral link to sing up to this new exchanges so you can earn a percentage of the trading fees.
- Buying some of the low cap coins on the exchange, especially the ones that have just been added since they are the ones more likely to pump since people who are looking to 10x their investment usually go after this one’s (this is probably the riskiest option so be careful in what coins you invest in and please do your own research and don’t just blindly follow someone’s advice, including my own)
Ok so which exchange can I use to do all of this?
I personally started using KuCoin, Its been getting a lot of momentum lately, in less than a month the KCS token went from less than 50 cents to 20 dollars and the overall volume has increased, so if you wanna check it out feel free to use my referral link to sign up, its free to you but it helps me.