Introduction

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First of all I would like to thank my Honourable professor @allbert for this outstanding lesson about "A world of Wallets and Exchanges". I read the whole lesson and enjoy it. Now, I am prepared for completing my homework. Let's get started:

Explain differences between wallets and exchanges as well as mention which operations should be performed in an Exchange and which operations should be performed in a wallet (in terms of fees)

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wallets and Exchanges are basically different from one another. Wallets are used for storting or reserving cryptocurrencies. On the hand, exchanges are used for buying and selling cryptocurrencies or Digital money Exchange.

Cryptocurrencies wallets are in maintained by the user. Because the user also has main Password of cryptocurrencies. He can be transactions his funds to other address at any moment .on the other hand, In exchanges, the control is not totally with the user. Because exchanges don't provide users private Password of cryptocurrencies. We can says that this system as like as stock market.
Wallets are more secure and trustable rather than exchanges. It is designed for users to safely store or reserve their funds. We Know that There are Huge security problems in stock markets. Exchanges have gotten many security issues. We saw many incidents, Some bad exchange owners also fled by stealing clients cryptocurrencies.that types of incident is available in the work day by day aslo Increase exchange ower has escaped by stealing clients cryptocurrencies.

Wallets are too much complex to use than exchanges. Whiles, users think that they need to Reserve their funds on the exchange rather than in a wallet. If a users forget/ lose his/her main key for his/her wallets, or they can't enter into the wallet. On the other hand if a users forget or lose his/her the passwords of the exchanges, it is possible to return his/her a new password and access the exchange again by sending the essential Fils or documents to the exchanges.

Whales depository their saving in hardware wallets and give away high fees to buy for those wallets. If you have a low-budget cryptocurrency and interested , you don't need a hardware wallet. Because the money you will give away to the hardware wallet will be more expensively from your cryptocurrencies savings.
Prime work exchange operations, exchanges use for insider wallets to Reserve coins, you think you have deposit btc or Eth in an exchange and you would like to to buy BNB or hive, trx because I would simply select the BNB to btc or eth buy easily operation with which you can exchange any amount of btc for the amount of BNB.

we need to follow strategies we should purchase cryptocurrencies at a cheap price rate. After that, we need to transfer it to our secure wallets for Safety . if we see cryptocurrencies price is increasing than we should send or transfer ours funds from wallets to exchanges. We must transfer our founds in the stock market. We should always follow that strategies. When we buy cryptocurrencies must be market analyses and buy cryptocurrency. Funds should be transfer wallets to exchange after sell cryptocurrency again transfer Funds your wallets.

In your own words, Why You think people should have more than one exchange account ?. Do you have an exchange account? and Why that specifically?

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I think it depend on users transactions capacity or deposit ability. Every person must need more than one exchange, relying on the amount controlling.Different exchanges for different security system and all coin is not listed one Exchange supposed if you to buy SBD,HBD you will not find out Binance exchange for that everyone need one more exchange Security issues also essential here all Exchange system Security not same if you want to use for business purposes different exchange charge or tax different some exchange fees high and not exchange less $10 ustd. Some exchange wallet no restriction for minimum amount transactions. Example if want to p2p transcription binance to Binance no transcription fees.some exchange platform are FTX, Binance, Poloniex, MetaMask.

I use an account in Binance Exchange, which is one of the best and most popular and most comfortable exchanges now. You can use it very easily Maximum 5k up coin listed binance exchange ,.it also provide or give to offer its clients a commission for trading of 0.01% which is really optimistic discount and insignificant to begin.

I use it because it is very simple and easu and 5k cryptocurrencies listed here. I have not enough time for trading cryptocurrencies so Binance has made my operations too much easier,if i face any problem i binance support team all time help us and problems solve quickly with which I have benefited from a lot of information and data with which I have I was able to more knowledgeable Control my funds and helpe me get the point each function that the platform offers.
However, in the course of my task I plan to open an account in Pancake Swap Exchange, to carry out future Staking operations with very good interests offered by the platform.

Now i decided that in the course of my work I decided that i will open an account in Poloniex Exchange, to continue future Staking operations.
Already i have about of the poloniex Exchange from goole and youtube it is wonderful exchange and reliable exchange platform.

What are better? Wallets or exchanges?

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Exchanges and Wallets two things are basically separation from one other. The industries are improving day by day. For this reason, exchanges and wallets start to change their services. At the present time wallets and exchanges have started to provide somewhat or same services for users.

Many exchanges are beginning to getting decentralized system. Now users would like to decentralized transaction. It is most popular now specially businessman also love deregulation system. We got the opportunity to secure conduct trade transactions on decentralized exchanges.this system more secure and reliable tiny possibility to sotlen and hacked. Now Start Decentralized exchange platform Through we will go to decentralized wallets. I think that if exchange system is decentralized it is fine no doubt here it is secure but if anyone use centralized exchange system it is not reliable or insecure for clients. But wallets are too much safety and reliable. Specially trust wallet, MetaMask are more reliable and trustable.
I prefer wallets system is more secure and zero possibilities to steal or Hacked.

Create an account in a wallet and in an exchange of your choice and show screenshots of the process.

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I will use the Poloniex exchange to open an account on the exchange. I will use the "Bince Chain wallet"to open a wallet account. Open two wallet practically see below.
Now i will open Binance Chain Wallet:
Binance chain wallet link

Need achrome browser to open an account on Binance Chain. Firstly we log into the Chrome Web . We search for "Binance Chain wallets".

• Click 'Add Chrome'.Click 'Create wallet'.

• Click 'Create wallet'.

• Create a password of at least 8 characters and confirm this password.

• I copied the 12 word phrase and click continue.
  image.png

And as you can see, I have logged into the Binance Smart wallet.

Now i will Open an account on the Poloniex exchange:

Open the an account of Poloniex exchange is simple. We can open an account on the Poloniex exchange need email address. You can not withdraw $10000, usd per day

We log in to https://poloniex.com/. Click on "Sign up"let start

• Firstly need searching any browser and you will see the page

• Need to click verified options

• Need to email varified

• It is ok it is ready for exchange.

Conclusion

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We have Learnt from this wallets and exchange courses. Which is methods or platform are more secure and reliable. Whey users need one more exchange accounts.whey we use wallets for deposit our funds. If we analysise different exchange systems we find out less charge exchange. Wallets are more trustable rather than exchange. Users can use doubts free trust wallets and Poloniex . This course is intermediate. It is informative and benefitabel for everyone cryptocurrencies trader or if anyone want to trade or business need to known about the wallets and exchange method.