Crypto AcademySeason 2 Week 1-Homework For @yohan2on

Hello steemians and cryptonians.First of all i want to thank professor @yohan2on for such a wonderful lecture and also giving us opportunity to share our ideas in this community.

First of all as explained by professor @yohan2on,any cryptocurrency which is not a bitcoin is an altcoin.Today i will like to talk about Binance coin and some of its advantages and disadvantages.

                                                               BINANCE COIN

Binance was founded by Changpeng Zhoa.Binance coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the binance cryptocurrency exchange.Binance can also be traded for other cryptocurrency such as bitcoins.Binance coin has strengthen its position as one of the worlds largest crypyocurrency.Binance now has a market capitalixation of over 87 billion dollars according to CoinGeck.com.Making it the third most valuable crytocurrency behind bitcoin at 1.1 trillion and Ether at 252 billion dollars.Binance has an office in London,Paris,Moscow,Instanbul,Singapore and other Asian countries.

                                                                Key Features Of Binance coin

1.Multiple platform support.

2.Low trading fees.

3.Binance has its own token currency know as binance coin.

                                                                Advantages Of Binance coin

1. Zero trading fees.Binance has never charged any fees to any transactions.Any deal u make results in getting full gain without worrying about charges.

2.Very fast and easy to use.

3.Assets are insured incase of any security breaches from personal security issues.

4.Access to new coins.it gives you ability to by new coins.It also provides one of the most trustworthy and safe exchanges to buy such coins.

                                                         Disadvantages Of Binance coins

1.Binance does not give comprehensive daily market analysis.

2.Much of its functionality is being disrupted by decentralization.

3.Can be overwhelming for people who are new in cryptocurrency.

4.Binance does not support most traditional payment method.

                                                     Current price of Binance Coin Today

This is the current price of Binance coin below

                                                         How To Buy Binance Coin

1.Get Binance coin wallet.

2.Locate your Binance address.

3.Sign up Binance.

4.Buy Binance coin with another crypto or credit card.

                                                                   Conclusion

In conclusion i would say binance coin is one of the most valuable cyptocurrency in the world, It is safe and takes it security seriously.It also supports over 150 cryptocurrency in the world.Investing in Binance coins is advisable since is the third most valuable crytocurrency in the world.