بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ

ٱلسَّلَامُ عَلَيْكُمْ

Hy steemians this lecture is base of upcoming events so we have to look and learn act intelligently with open minded because if the base are not well then not matter how good your are you cant approach to the advance courses so here we gonna discuss thoroughly about "Wallets and Exchanges". So lets start it with deep exaggeration.

1) 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.

The basic concept of wallet and exchange are that wallet is a software and programme where you can store your crypto currency like btc, Bnb, Xrp etc. Whilst exchange deploys the user to convert real money to crypto currency in the form of your assets like tou usdt to btc. But might some people confuses because the exchanges also provides you the wallet but not fully control of that wallet. As far using wallet separately you will be use with freedom and full control of it.

ACT OF PERFORMANCE;

In experienced point of you,we can say that wallets and exchanges might performed the same act but contractual agreement between both platforms are different. Lets make a bullets points for them get more clear.

The "POSSESSION" wallet is basically a software and programme that provides full control of our assets by keep them secure by the help of private keys and other ways to secure our account.
EXHCNAGE- is platform give us authority to buy and sell assets with wallet but ain't right and ownership of that wallet completely just you are bind with policy of that wallet and exchange system.

The "WORKING" In this point the operating process of both platforms gonna be assume like the main use of wallet is to store our assets and helped us to secure them with private keys and we become financial institution for our own self here. The terminology of transaction fees and other matter completely based on blockchain network.
EXCHANGE- the main mechanism of exchange is allow the user to do trades in every ocean by selling buying and converting them in real money by charging transaction fee. All the user are aware of that every section of how much fees is required in different platforms.

"ADVANCE ATTRIBUTES"OF wallet is that is for securing and holding assets for longterm you cannot do furthermore things whilst;
EXCHANGE- provides and facilitate you the lending staking borrowing buying selling if different crypto assets in juts seconds thus this is more vital thing that I observe between exchange and wallet.

2) 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?

I thinks people who to trades in their part time do have 1 account while those who always contingent in this platforms must have 2 3 accounts of exchanges, because as a trader all users want maximum profit and minimum cost just like a business having multiple coins you should have different exchanges accounts and see which one is giving you maximum profit.
You would probably face this problem might in every exchange that they aint support that coin or this or this having multiple accounts you having no worry making your own management while which exchange support those coins thus having good opportunity to get in good time whilst you ain't have an account this requires time thus that disturbs your portfolio. If you are totally contingent on thing this might make issue for your to do trading. So the concept of multiple exchange work over here.

So you all know that there are many exchanges and they don't allow and support many coins but while looking for Other Exchange that do allows you to trade that coin so you can use that and thus the middle man also eliminates and you can trade by yourself easily.

Do you have an exchange account? and Why that specifically?

Yes have exchange accounts like binance kukoin coinbase. These are ine if the biggest exchanges in crypto. The question is "Why that specifically? "

REASON FOR USING THEM:

I use this exchanges because its one biggest and best exchanges available for trading crypto currency and they maintain very easy criteria for users to understand and use them a nee users cam easily use them because the simplicity is the main domain of this networks. The one more thing I liked the most in binance that they maintain very security management every thing is organise and manage in a sequence and the trader can enjoy using lite and pro mode also.

The technology that they use us very fast all transactions are covered in secs no matter how much asset you are trying to deposit withdraw stake they provide best of their service to users, this thing might attract trader to do trading in this exchange.

3- What are better? Wallets or exchanges.?

Exchanges and wallets having different criteria for they use and own. So every trader know that is the have to secured their assets they will definitely use wallets than exchange, taking asset for ling term and making them secure you have to use wallet. As I mentioned you guys above that securing assets for long term you can use wallet and whenever you wish for trading the assets use exchange simple so these both are good in their own grounds.

I usually not prefer exchanges for keeping assets because the rumours of hacking and liquidation are all around us so I suggest you guys also that use wallet whenever you want to trading use exchanges that are highly secured by google authenticators and much more security.

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

making an account in wallet
As far the wallet i selected is meta mask the most secured wallet i ever seen i do most transaction and never get fraudulent.so lets start making a nee wallet for you guys in simple and easy way.

• Generate your password and click the next button.
  

• Creating your wallet and it takes few minutes and then ready to do more queries.
  

• just secure your wallet ny accepting the conditions.
  

• Secure your wallet by manual performance.
  

• rewrite the security keys by arrange them in a sequence way.
  

• Then you wil see a msg and it appears that congratulations your wallet has been secured.
  

• Accept the terms and conditions select in on I agree then click to next.
  

• Your wallet has been secured and take a tour for more options.
  

• Congratulations the wallet has been ready for use.
  

ACCOUNT FOR EXCHANGE:

making an account in exchange

Lets elaborate the steps for making an account for exchange.

• Click on get start and let the process starts.
  

• Write the correct email for verification and do type strong pass.
  

• Futher conditions for secure account accept the by thorough reading.
  

• Now the account has been secured and approved them with mobile number.
  

• You can continue for using your account in coinbase.
  

• Further the transaction process has been observed and you can use your coin base and the steps done do enjoy your exchange.

conclusion:

The journey of crypto is basically depends upon the exchanges and wallet these are the main domains nd ranges of crypto world. The professors deal us in very good sequence and every one should understand it. I usually discuss the exchanges and wallets in my best manner and easy way through screen shot and explanations.

Although these both platforms are decentralized authority all the controls of each and every transaction is under our hand. We must take risk for availing the opportunities for this transaction although higher the risk higher the reward.

The main thing about this exchange its a quite deep and exaggerated process we need to do more research because its deep ocean where many things includes hope our professor will elaborate us more in detail

Thanks @allbert for providing us the great and knowledgeable lecture I explore and explained in my best way hope you all understand it.

Regards;
@salemumar5
cc;
@allbert