Steemit Crypto Academy Season 2 - Week 1 Homework Task for Professor @yohan2on

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Hello everyone, Hope everyone doing great. This is @bluesdl from Bangladesh

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Finally Steemit Crypto Academy back. I want to thanks to professor @yohan2on for you class. I am always happy to participate in you Homework task.

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The homework task for this week :
Write about any one of the following Altcoins

Litecoin (LTC)
Ripple (XRP)
Binance coin (BNB)

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For this week, i will talk about Binance Coin (BNB). I will explain details about Binance Coin(BNB). But before i start BNB, i want to discuss about what is Altcoins.

Altcoins.

The full form Altcoin is Alternative Coin. Altcoins are other crypto currency such as Litebit, BTCdirect, Bittrex etc. apart from Bitcoin. It was lunched after Bitcoins. This Altcoins lunch in 2013 when bitcoins successfully on market. The use of altcoins increases over time as bitcoins increase.

Binance coin (BNB)

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Binance coin (BNB) is an Altcoins which mainly used for transactions all kinds of payments in Binance Crypto Currency Exchange. Binance Exchange is so popular and it has been the largest Crypto Currency Exchange in recent year. In Binance Exchange, BNB can also trade itself. In 2017, Binance coin first launch in China. However, the office of Binance is now Malta. Within few years it's become popular for it's benifits. Binance coin is the largest bitcoin exchanges after coinbase. Everyday around 350000 user are actives. For the beginners who want to trade to cryptocurrency, this the the best option because of it's user friendly interface.

Binance coin (BNB) is used payment such as pay taxes, get discounts, pay VIP membership etc. User can trade this coin and also by referring to the other users can earn BNB.

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Why use to Binance coin (BNB)

Binance coin (BNB) useful benefits. This is because people like to use Binance coin (BNB). The benefits are...

• This the fasted Transactions in the Crypto Currency Exchange. !.4 million orders are transactions in every single second.
• It's provide you high security. It has million users so they keep you fund safe.
• Binance coin (BNB) also provide you discounts. Like you will get 50% discounts on the trading fees. low fee charge.
• This coin trade itself in Binance Exchange and also trade multiple Cryptocurrencies.
• BNB provides 24/7 hours customer service to their users.

despite it's advantages are huge but it's has also few drawbacks.

• it's has limited deposit option. that is the problem.
• Like BTC , BNB also price volatile. price not stable .
• another problem is the trade partner are not verified.

Current Price of Binance coin (BNB)

Why trade with Binance Coins

We already know about it's benefits. you can trading up to 100 digits in this Binance Exchange. It is easy to access and it's available for all country. It also refund you all the fund if any how your wallet hacked.

Conclusion

I hope you will understand about Binance Coins. This the one of the lowest trading fees in the market. Well secured and user friendly interface. This is one of the best platform for crypto user, because it's easy to control. Binance Coins used latest technology to secure wallet. And these are the reasons, why users like to uses Binance Exchange for Crypto Currency.

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Thank you so much again professor @yohan2on for reading my homework. Also thanks to everyone. Hope everyone can understand this lecture.

Special regards;
Cc:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02

Best Regards
@bluesdl