The Steemit Crypto Academy Week 2 Task : Will You Keep Your Crypto Assets in a Wallet or on an Exchange? (@gbenga) by @josepha

Hello Steemians, season greetings to you, how are you doing today.

Will You Keep Your Crypto Assets in a Wallet or on an Exchange? Make a post to why you would prefer to keep your asset in one over the other.

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Exchange is a website, service or and application that allow investors to convert asset to "fiat Currency" like Naira, Euros and US dollars. Exchange also let trader to convert their fiat back to crypto of choice. In exchange one can easily buy and sell at the current market rate. Although wallet is far more safer in storing assets than exchanges because exchanges depend on a third party that don't guarantee how safe your assets is with them.

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Wallet involves the use of private keys that allow a user to sign and perform transaction. Looking at the level of security wallet is good for toring of cryptocurrencies compare to exchange. But as for me I prefer keeping my assets in exchange for these affirmation reasons;

• For buying and selling of different assets
• Easy account recovery
• Less stress because third party will keep track of my assets
• It involves different different transaction like using my Cryptocurrency to shop online, pay bill and even recharge my phone.

There are a lot of reasons why I prefer exchange exchange wallets which is the centralize wallet over the decentralize wallets. Most crypto trader use the exchange wallet because it serve like banks to them. Exchange are mostly regulated which show high level of service delivery to their customers.

My appreciation goes to @steemitblog, @steemcurator01, @steemcurator02 for their lovely support, and to @gbenga thank you for the wonderful write up indeed I have learn a lot in reading your lecture note.