STEEMKIDS CRYPTO ACADEMY WEEK 5/CRYPTOCURRENCY WALLET and EXCHANGES/30 STEEM REWARD TO BE DISTRIBUTED/10% payout to steemkids
Hi everyone it is very nice to participate
in this wonderful Steemkids crypto academy written by @benton3, the the assignment is talking about wallet and exchange, today i will like to write the homework given by @benton3. So this is how it goes.
Question 1.
what is an exchange
An exchange,or digital currency exchange is a business that allows customers to trade crypto currencies or digital currencies for other assets, such as conventional fiat money or other digital currencies
Question 2.
Difference between wallet and exchange
A crypto currency wallet refers to a program that allows a person to store all his crypto currencies. While an exchange is a digital currency or currency that allows customers to trade crypto currencies
Question 3
Similarities between wallet and exchanges
Wallet and exchanges are similar as as they are they are things that are useful or used in crypto currencies , they are capable of holding currencies or coins in steemit. e.g steem
I hope that you loved going through my post and now know about wallet and crypto currency exchange and i hope you know the differences and similarities between crypto currency wallet and exchanges. I hope you had a nice day see you later thank you
Dear @wizzyboy3. Thank you for participating in this weeks steemkids cryptoacademy. We appreciate your effort in doing this.
However note that we do not encourage any form of copying in steemit. It will be better you write based on your understanding. We just want you to learn.
Please i am so sorry i have noted the correction i am so sorry