Introduction

Good day fellow steemians, it is time to perform my homework task in this wonderful crypto amazing academy. This time as required by @gbenga for the 2nd week running.
I have taken my time to read through the course presented by him on crypto currency exchanges and crupto market capitalisation. Hence it is time to do the assignment

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Will I Keep MyCrypto Assets in a Wallet or on an Exchange?

To begin with, we need to understand what a wallet is.

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A crypto wallet is an application which enables crypto curency users to store and retrieve there digital assets.
Just like we have physical walletd that we keep fiat currencies in store until we want to spend them, similarly, crypto wallets serves that purpose and more. When a person owns or acquire a crypto currency, he holds it in a wallet and can from there, conducts transactions with it.

So we can see that as far as we want to move along with the happenings in this digital world, where digital asset has become the asset of the day, it has become imperative or if I must say an obligation to own a digital wallet as well.

A coin wallet can be said to be an app where you store your coins, while exchange wallets are wallets where you can still store, but basically, enables to withdraw to fiat currency at any point in time.

Now to answer the task question

I would prefer to keep or store a greater peecentage of my assets in a wallet and then keep a smaller percentage in the exchanges.

The wallet contains one or more private keys which allows you to sign off a transaction. These keys are proof that you are the owner of the coins in the wallet. I can say in other words, that you have full control of the activities that goes on in the wallet. So since these keys give access to it, there is need to securely keep it to avoid its loss and someone having unauthorised access to it,as it could mean loss of your valuable digital assets. So i will keep a greater portion of my digital assets for storage and for speculative investments.
So the wallet offers you these 3 services below

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1. Long term storage
2. High security
3. Easy access
   Etc.

However the other smaller portion will be kept in the exchange. An exchange is a platform that helps tou convert to fiat currencies. Helping you buy and sell at the current market price. This helps you to quickly get cash needed for family expenses or for other transaction on a day to day basis. In this case you don't have control of the private keys, but the exchange does. So you are entrusting the security of your assets to the exchange by storing tour digital assets there. The function performed by these exchanges are just similar to the one performed by the banks.
Reference

So the exchange provides these 3 core functions to us

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1. Trading .
2. Selling.
3. Buying, etc

It is also pertinent to note that when we have our assets in exchanges, and unfortunately, when the exchange is hacked, we will also lose all assets held there.

Conclusion

I would like to say in conclusion that the choice of choosing a centralized or decentralized wallet is entirely dependent on the user and the purpose he wants it to serve for him

Great thanks to crypto academy for this wonderful opportunity.