CHALLENGE #3 | THE BEST EXCHANGE MARKET| BINANCE|

Good day friends, it's your boy Akeenze11 entering into the 3rd episode of Steem crypto challenge on the best exchange market for cryptocurrencies.

#OVERVIEW

• There are various crypto exchange platform such as bitrex, paypal, BINANCE etc but among the many platforms, I will choose BINANCE as the best cryptocurrency exchange platform. Please go with me as we discuss binance in full-scale.

• What is BINANCE?
  BINANCE is a cryptocurrency exchange platform created and owned by #Changpeng Zhao# and was established in the year 2017. It's headquarter is located in Malta. In just about a year after binance was created, it became the largest cryptocurrency exchange platform.

• What are the secrets behind the rapid success of this platform?

• User friendly: the platform was created in such a way that a novice who doesn't know much about crypto exchange will still be able to navigate his way on the website.

• High range of cryptocurrencies:
  On this platform, there are about 7400 cryptocurrencies available for exchange and this gives the user a wide range of choice to select from

• Security:
  Unlike banks and other financial institutions where your money is not exclusively safe, on BINANCE there is a high level of security which gives the user an optimum level of trust.

• Large volume of cryptocurrencies:
  From my recent research I discovered that about $7.9billion worth of transaction are done per time and about $87.7billion worth of transaction are done in every 24hours. (Source: binance.com)

• Advantage of Binance over other exchange platforms: the greatest advantage binance has over other cryptocurrency exchange platform are;

• it's high volume

• Lower transaction charges

• It's response speed

• Security

*Disadvantage:
For the period of time I've been using binance I think the only disadvantage is the process of recovering your account when password or active keys are misplaced though I'll say it's still one of the securities that makes your money safe.