Hello to Steem World,
Here is my entry on week #3 challenge : The best Exchange.
Which is the best exchange in your view and why?
Accoding to me, as much I heard about exchanges, Binance is the best crypto exchange available in the crypto world. But there are numerous other exchange platforms too, I am unaware about. But binance is one of the most popular crypto exchange.
What are the best features about this exchange?
Binance charges lower fees than many other crypto exchanges in the market. It charges 0.01% for fiat exchanges. We also have Binance Coin on it which is Binance token to get even lower fees. it also provide Binance Card which help us to pay outside crypto world. We can load fund into Binance card with BNB.
Are there any features you think that the exchange needs to improve or add?
In the world of technology there is no end of improvement. Binance doesn’t support fiat deposits, it makes it impossible for beginners to buy a cryptocurrency for the first time. So I think if they add this feature into Binance than it'll help Beginners to invest more on crypto.
How long have you used this exchange, and how did you find out about it?
I never had any transaction on crypto exchange till now but I heard about this exchange back in 2019 while learning about crypto. I'll try it soon when I save some money to invest. Till then I can share what i have heard about Binance.
How often do you use the exchange and what sorts of transactions do you do on it?
As I said i haven't tried any crypto exchange till now. But I would love to use these exchange markets for buying/selling Steem. As i do have only Steem holdings as of now.
Has the exchange run any promotions or contests that you have taken part in?
Regular traders on Binance exchange have the chance to win prizes. These prizes change all the time, and have so far included free cryptocurrencies, such as Waves and Ontology. But I haven't tried these contests.
Would you invite your friends to join the exchange? Why?
I love to invite my friends but only after I learned more about this exchange. Till now I can't say much about exchanges as I really don't know that much about them. But I'll share my experience with my friends for sure.
If you didn't use this exchange what would be your next choice?
After Binance I heard about Steemscan.com but we have only 3 cryptocurrencies on it.
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