Steem Crypto Challenge #3 : My Favorite Cryptocurrency Exchange

Hello Everyone and I hope you are all having a great time 😊. I've been seeing different publications from different Steemians most especially users from @project.hope community taking part in contests organized by @steemitblog with the support of @steemcurator01 and @steemcurator02. I've also decided to take part in this lovely contest which has to do with sharing my knowledge and experience about My Favorite Cryptocurrency Exchange and I definitely hope you'll find this very interesting 😊.

Understanding What Cryptocurrency Exchange Is All About

Cryptocurrency Exchange has the name implies simply means a platform where you can easily exchange your cryptocurrencies into other form of cryptocurrencies. This connotes that you can exchange your steem for Bitcoin and you can exchange your etherium for steem and many others.

Exchanging your cryptocurrency can also be done in two ways which is by trading or swapping depending on the type of crypto exchange platform you're using. The features you get in crypto conversion varies from exchange to exchange depending on their terms of services.

There are numerous crypto exchange platforms being utilized by individuals for trading/exchanging cryptos but there's actually a particular one i love the most which happens to be my favorite cryptocurrency exchange.

What's My Favorite or Best Cryptocurrency Exchange?

As you can see from the image attached to my title post, you can easily tell that my favorite cryptocurrency exchange platform is Binance. Binance has been my favorite cryptocurrency exchange ever since I began my journey into cryptocurrency and it was also my first crypto exchange platform when it comes to trading and exchanging my steem tokens.

Why I Love Binance and Some Great Features It Has

#1 EASY CRYPTO CONVERSION
What really made me love Binance was due to the fact that I was able to convert some of my cryptos to directly to steem at a very convenient rate without any form of stress.

#2 SECURITY
My second reason for using binance is due to the high security level adopted by the system. I've also been storing my cryptocurrencies in my Binance wallet and they are always secured and safe since no one can have access to my account without going through some level of security.

#3 EASY WITHDRAWAL
I am also able to withdraw my steem crypto into other crypto exchange for trading without any complaints. I also love the fact that I can convert my cryptos directly into cash (local currency) after requesting a fiat withdrawal command.

#4 EASY UTILIZATION/USER FRIENDLY
Another aspect I love about Binance is that you don't need to be an expert in crypto exchange platforms before you can start using binance. I could remember making deposits and withdrawal without much help from people because everything you need are easily available for you to use.

#5 ACCESS TO CUSTOMER CARE/SERVICES
Another lovely feature about Binance is that it enables users to contact their customer service at any point in time mostly when you have complaints. Your complaints will surely be responded to. The customer services can be found on the platform itself which enables you to converse or chat with a customer representative, you can also contact their official email address, official Twitter handle and official telegram group.

#6 STAKING ACTIVITIES
Binance also enable users to stake cryptos on the platform which gives them more chance to earn additional rewards for their staking activities depending on ROI. You have the opportunity to stake BNB and other cryptos which can be found in the staking feature on the platform.

#6 BEAUTIFUL INTERFACE/UI
I've always been a great fan of aesthetics maybe probably because I'm a good fan of art 😊. I noticed I tend to fall in love with the black and yellow color design adopted by Binance because they one of my best colors 😊. It's great seeing a crypto exchange platform with such a lovely beautiful design.

#7 ACCESS TO ANNOUNCEMENT INFORMATION
Another lovely feature I love about Binance is it's ability to disseminate information across it's customers via the website or mobile app which can be detected in the notification icon. I've never missed any information as regards to staking programs, listing of new cryptos on the platform, crypto news, best performing cryptos and many others. Only Binance users will understand this better 😊.

#8 FREE DISCOUNT USING BNB
Despite the fact that Binance is one of the largest crypto exchange with huge amount of traders, the system seems to be more fair and considerate when transferring crypto like BNB from Binance to any other platform at a very cheaper rate probably around 0.01 BNB. This is really making crypto withdrawal and transfer more affordable and convenient for users.

#9 2FA SECURITY LEVEL
Another great feature I love about Binance is it's 2FA security adoption. This type of security system makes our assets more safer and secured on the exchange without the need of any third party.

#10 HIGH DOMINANCE
There's actually no doubt that Binance is a highly dominant exchange in the crypto space and this makes most crypto projects develop enthusiastic movements or operations to get their tokens listed on Binance and this sometimes tend to boost the value or worth of such tokens with time due to the increase in trading volume.

#11 CANDLESTICK GRAPH AND INDICATOR
I'm so much in love with the candlestick graph and indicator adopted by Binance system. This make it very easy to predict the next trend that may likely happen in the crypto market system through proper crypto analysis.

Features Meant To Be Improved Or Added On Binance

Despite the fact that Binance has lot of great features as an exchange platform, I think they also need to add and improve more on the below features ;

#1 INCREASING THE NUMBER OF CRYPTO PAIRS OF STEEM ON THE EXCHANGE

As we all know steem has been in existence for the past four to five years from now and there are also users who tend to be trading steem on Binance more often. I think adding more crypto pairs with steem such as TRX/STEEM, NGN/STEEM, USDT STEEM will definitely be a huge advantage for steemit users since they can easily convert their steem to fiat directly or other cryptos apart from it's existing pairs.

#2 LISTING PROSPECTIVE CRYPTOS THAT DESERVES TO BE LISTED ON THE EXCHANGE

I've been hearing some complaints about Binance taking time to list worthy crypto project that deserves to be listed on the exchange. I really don't know how true this is though but I'm quite sure they are just trying to avoid listing shit coins which may later affect the traders. I suggest Binance start looking into crypto project worthy to be listed on the exchange and start listing them.

How I Got To Know About Binance Including The Number of Times I Use The Exchange And My Nature of Transaction On The Exchange

Binance has been one of the most popular cryptocurrency exchange here in Africa. I could remember asking some Steemians back then that how do they convert their steem to their local currency? Most of them told me how they send their steem to some escrows and traders for conversion not until when I decided to explore more on Binance and I got to know that I can directly exchange my steem tokens for cash into my bank account without stress.

I'm found of transacting on Binance every week most especially when I intend to convert my steem to cash or probably when I intend to earn some few bucks trading cryptos via Binance Exchange.

Binance Promotion Contests

Binance runs free promotion contests and they also offer free giveaways for their customers depending on how active you are in getting the right information. Just as the popular word goes "Information is the key".

I could remember Binance running a free BUSD giveaways for users who make fiat deposit of N5, 000 to trade on the platform which makes them earn free $10 worth of BUSD (Binance USD).

They also organize trading contests for users where everyone have the opportunity to showcase their trading skills and earn some free bucks for themselves. There are many promotional contest on Binance it just depends on you getting the right source of information on their social media account (mostly Twitter) and start taking part in the contest.

Friends Invitation
I have actually invited lot of people to Binance Including my friends and family and even strangers who have passion for cryptos and they are really doing well as regards crypto related activities such as crypto trading and crypto investment. If you are also interested to join Binance, I suggest you click here for the signing up process.

My Alternative to Binance Exchange

If I didn't make use of Binance exchange, then I will definitely make use of steemscan created by @roadofrich to convert my steem tokens into either TRX or USDT. The platform is really effective and very cheap for exchanging steem.

I think I'll have to drop my pen here and I hope you might have definitely learnt some lessons about my favorite cryptocurrency exchange. Also don't forget to sign up on binance here .

Much thanks to @steemitblog in courtesy of @steemcurator01 and @steemcurator02 for their great support. Also more thanks to @project.hope in courtesy of @crypto.piotr for his great impact on the steem community.

Thank You For Your Time And I Hope You Have A Great Ahead With Love From @hardaeborla ❤️💓❤️💕💕💓❤️