I have a spektrum sr300, I have my transponder in aux, I am looking to plug in the spektrum glitch buster in my receiver but the only open space is BIND? Can I use this plug and will it work properly??

That will work just fine.

Ok so then it doesnt make a difference which one its plugged in, it works the same in either?

Yes, that is correct.

Do any of you guys know if it makes a difference wether I get the Novak one or the spektrum one?? Is one better or more reliable than the other??

I did do research but not too lucky.

I can't speak for the Novak one but I've used the Spektrum one for 2 years now with no issues whatsoever.

Either one will work just fine and you won't notice any difference, IIRC the Spektrum one is a little cheaper though.

+1 I've used both and either is fine.

FWIW, you can also tie a glitch buster in with a "Y" cable or splicing it in on something. I have had good luck just splicing it to my motor fan.