Crypto Academy Week 11 - Homework Post for Professor @alphafx : Holding and Trading

Hello everyone!
this week I will study with prof @alphafx with trading and storage tasks.

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1. Do you hold coins? Write about the type of wallet you like / want to keep.

Some time ago I have held and sold coins, but for now, I have Cardano, ACT, and Dogecoin in my INDODAX wallet. The main reason I use the INDODAX wallet is because I was involved in an airdrop some time ago and required me to use the Indodax wallet, apart from exchanging and transferring for fiat, Indodax is one of the places for me to store some digital money in the long run.

Image source

INDODAX is a hot wallet available for free download on Android and Apple phones. It is also available for computers as a desktop application, therefore the Indodax wallet can be called a desktop and mobile application wallet.

The Indodax wallet can also be used on a web browser. This wallet is where I mainly keep Cardano, but it's not limited to that. The Indodax wallet can also store other digital assets such as ethereum, usdt, bnb, bitcoin, eos, litecoin, ripple, dogecoin and so on.

The Indodax wallet can also store fiat currencies and allows transactions with modern bank accounts. This means the user can deposit money into his bank account from the wallet and also buy coins and tokens using the local country's currency.

One of the things that attracted me and liked the Indodax wallet even more was because of the pretty good interface in my opinion, and the multi-coin function they provide, besides that Indodax is a trusted wallet in Indonesia, there we can also trade.

The Indodax network is quite safe, they offer 2FA protection and are also registered with Bappebti, which means that it has been recognized by the country where I am.

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

Here I use OKEx using a demo account, here I will show an illustration of how I can make simple trades (spot trading) using the ADA / USDT pair

Highest and lowest exchange rates in 24 hours. Low 1.01976 / High 1.25037

At the current exchange rate of 0.2211 I ordered ADA when the USDT price hit 0.2222

It is my history that proves successful spot trading orders.

3. Holding or trading, which do you prefer and why?

For now I prefer to hold. I have not mastered cryptocurrency trading skills so I still hold a token with potential future prospects. Holding is a fairly good future investment that requires extra patience, holding crypto assets must also have skills, if we do thorough research and analysis on one of the crypto assets that we want to buy and store, we will reap a good harvest, and vice versa.

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Disclaimer: All images used in this article are screenshots I took with my smartphone, and are not under any copyright license !!