Steemit Crypto Academy | Season 2, Week 3 | Post for @alphafx

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

Yes, I am holding several coins. Because at this time the market is very volatile, so I am holding on patiently. Most of the coins in my portfolio are STEEM. Which I have been holding for the last few months. Besides, I am holding several coins including sxp, tvk and so on.

Now let’s talk about wallets. Secure Wallet is most important when it comes to cryptocurrency investments. When I invest in a cryptocurrency, I must first make sure that there is at least one trusted and secure wallet that is supported, then when it is a long-term investment. However, make sure that the cryptocurrency you want to invest in is supported by at least one of the most popular and secure cryptocurrency wallets. That is what I look into before I invest.

There are many reliable and secure cryptocurrency wallets out there that are suitable for storing and holding cryptocurrency assets. There are many more, from mobile wallets, desktop wallets, hardware wallets and paper wallets. All of these wallet types are great for storing and holding any cryptocurrency. Again, before choosing a wallet to store any cryptocurrency, one should pay attention to security and also how to keep it more secure. It is important to have a complete idea about a wallet.

I have been using Trust Wallet for the last one year. This is a great decentralized blockchain wallet that will keep your cryptocurrencies safe, As well as its a multi-coin wallet. The multi-coin wallet allows you to keep many different cryptocurrencies in one wallet and this is great because you don't need many different wallets for different cryptocurrencies.

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So I would prefer an online decentralized blockchain wallet that will help you access in your assets faster and secure and if it is a Multi-coin wallet like Trust wallet then it is even more Amazing. So I am holding all my different cryptocurrencies assets in trust wallets.

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

In this post I will show in the Binance mobile version app to perform spot trade. Binance always focuses on the user experience and tries to make it as easy to use as possible. Spot trading is easy and straight forward on Binance.

• Open Binance app and Select the wallet at the bottom right.

• Select Spot to perform spot trade.

• After clicking on the spot you can see the coins in your holding. I will select Steem here and buy and sell steem using spot trading.

• Now select the pair you want to trade with i am selecting STEEM/BTC pair.

• Now you are ready to go for buy and sell your steem.

• Thare are four main options, Limit, market, stop limit, OCO. The limit order is a best to use because you set your own buy-sell price and it will get filled when your set price is reached.

• By selecting "Limit", enter the price you want to buy and the amount of coins below that is the amount of coins you want to buy. Below that will show how much BTC it takes to buy your given amount of steem.

• In exactly the same process you can sell your steem.

Holding or trading, which do you prefer and why?

Since cryptocurrency investing is always a little concerned, we are all confused as to whether holding or trading is better. But I would prefer holding.

Buy and hold cryptocurrency, I think holding is safer than trading. The general knowledge of the internet is that “hold” is a better strategy for new traders. There are arguments in this statement, but the reality is that both of these strategies can be somewhat dangerous for new traders if implemented incorrectly. Most people are not great or expert traders. Especially when the navigating and volatile cryptocurrency market comes up extremely frantically. Trading is harder and has more dangers to watch out for.

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Cc: @alphafx