Hello every one welcome to another homework post about crypto in the crypto academy, this homework was given by our professor @yousafharoonkhan so if you want to check the lecture visit this post source any way let's continue with the homework.

Homework Questions and Answers.

1). Difference Between Centralized exchange and Decentralized exchange
The Differences will be outlined but before that we need to define both of them for better understanding.

Centralized Exhange
is the sort of a trade whereby traders carry out buy/sell on the exchange with the inclusion of third parties in buy/sell transaction. Traders/investors makes order books on centralized trade for each buy/sell exchange started which is completed between the buyer and seller by the trade that serve as the third party within the exchange.

Decentralized Exchange
In few words decentralized trade has no central authority its clients choose what happens. It doesn’t allow room for middle man it kill third parties as it allows you the flexibility to do trade. In decentralized trade there is no exchanging of fiat or coin
to other asset it only permits peer to peer exchange.

Decentralized Exchange	Centralized Exchange
I). decentralized exchange is hard to use	Centralized Exchange is simple
II). Transaction expense is exceptionally low on decentralized trade. Yes, transaction expense exist in spite of the fact that it is little	Transaction fee is high on centralized exchange than the decentralized exchange.
II). Users don't need to complete kYC	The completion of KYC is recommended.

2). write about any 2 best centralised exchanges of 2021 . why are they best in front of you? (Show screenshot of your verified profile to make verify that you are really using them, or also share any one trade that you made in last 24 hours )

I am going to be writing about the two centralized exchange that i am using which are Binance and Roqqu.

Why I am Using Binance
Binance is a trading platform that is being utilize across border by traders, this exchange platform has made it easy for its clients to utilize binance you have got to confirm your self to begin with by putting your valid documents and a facial identity. Moreover binance is one of my best platform because of the varieties of coin it offers to traders with also the p2p market is great while dealing with people within the p2p market for instance I’m buying so binance will solidify the seller asset in case he gets my cash and denied in sending the coin binance will discharge the coin to me and rate the individual low for people to be frightened of doing trade with him/her usually fair to decrease scam and it’s exceptionally pleasant. Also they have well customer service as they tune in to your complain and resolve your issues rapidly.

Now i will be showing you guys some completed orders in my binance account.

Why I am Using Roqqu

The second best trade I use is roqqu. It’s a Nigerian based trading platform with its central station located at lagos Nigeria it’s is solid to use also before you'll be able utilize roqqu you've got to confirm your self to extend your wallet limit they have great response group as they give a chart intercom to lay your complain and the issue will be settled promptly.

3).Install Metamask, and share step by step screenshot ,(Practicle step by step )

Metamask is en ERC20 wallet that's it’s bolster token build on etherium block chain metamask can be downloaded from chrome, applestore for iOS client and play store for android users Let get started to begin with I will go to my plat store look for metamask and install it.

I clicked on install or get to download it after that a page will show inviting you to metamask wallet.

Select get started to enter the next page

Select create new wallet

Fill in a strong password and click create password.

Click the start button you see below.

Confirm your password.

After confirming your password a page containing all phrases which you need to copy somewhere.

Click the done button to confirm every thing.

To swap with metamask is only a few steps to begin with open your metamask wallet and login in a page that will show like this below

To swap with metamask is only a few steps to begin with open your metamask wallet and login in a page that will show like this below

• click swap

• Select the coin you are trying to swap
• I clicked on eth and scroll down to chose dai since I need to swap from dai to eth.

• I input the sum of dai I need to swap to eth which is 10 and I clicked on get.

• I don't have sufficient dai for this swap, on the off chance that your token is sufficient you tap on swap at the down and your token will be swapped effectively.

Conclusion
Every Trader knows the best platform from centralize to decentralize which one is best for them anyway nice lecture @yousafharoonkhan