Hello Professor @alphafx, My homework task

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Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in.

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I am not holding any coins in my software (exchange) wallet. I would however prefer holding in hardware wallet. i am not a hodl , As soon as the coin increases and I go into profit, I would sell it and when a value of the coin falls, I buy it.

Software wallets also known as hot wallets , I use software wallet because of following facts :

1 - These wallets are simple to set up

2 - They are easy ro access and use. Just have a device that needs internet, and there is not much demand for it.

The Binance Exchange wallet

** Binance wallet have of great beneficial to my crypto experiences, because the Binance exchange wallet has wonderful features, and it is more conveniant to use, but as a newbies or advance user. It gives you opportunity to exchange and trade your digital assets whenever you wish to trade it instantly. Binance exchange wallet is an intriguing wallet for long-term hodlers, and spot traders.**

With screenshots, show how to perform spot trading on any pair of your choice.

For spot trading i am using BINANCE. Before demonstrating in step by step manner, how to spot trade , I'll briefly define spot trade .

How To Perform Spot Trading

This is how to preform spot trading on the Binance Exchange wallet. Am go to use the pair of Steem/Btc in discussing about how you can preform spot trading of Binance Exchange

Go to Binamce official website

https://www.binance.com/en

Go to Playstore & install it.

Click on install ,After clicking, the binance will be downloaded to your phone.

Enter Your Email & Password and than login /register

Select your Cryptocurrency What you want to deposit in it.

I want to deposit steam here, so I have selected memo and address of steam.

• Copy memo and address

• I will tell you here how to first deposit steam in an exchange and then how to withdraw in another exchange.

• Go to your steem wallet

click on transfer

• I have used polonix exchange here, when I started doing steam deposit in polonix, then I will do it again in binance .

You can see that steam has arrived in my polonix exchange, now I will send it in binance.

Click on Withdraw & You get new interface at this type and click on steem .

Fill memo & adress or password ,then click on continue .

• You get new interface Review withdraw . & select continue

Here the action requird is showing, for this you have to go to your gmail and confirm.

• Go to your Binance or You will see that steam has come in your Binance .

• As we have deposited steem. Click on steem logo and you got to see crypto pairs available. Select pair you want to trade. Suppose STEEM/BTC and on next page

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Holding or trading, which do you prefer and why?

Personally, I do a lot more trading than holding. I prefer trading to holding coins, at least doing so widens your scope and opens your awareness to exciting new trends in the market. Rather than dumping some coins in a wallet and crossing my fingers hoping it would skyrocket in price, I'll rather dive into the market and explore the workings.
However every trader or most traders have that particular coin, Bitcoin or altcoin they HODL as they see potential future rewards. To just hold or just trade could be really poor tactics on their own as each comes with its potential traps.
Holders tend to not take in their profits and traders are prone to panic selling thereby losing profits( take the recent dip in bitcoin as a case study). Rather than feeling the need to choose one, I'd agree they work best together.

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Cc :
@alphafx

Thanks