The cryptocurrency wallet is software with which the user manages the private key of his digital currency. In the case of a wallet of several cryptocurrencies, then it keeps all the private keys for accessing the various cryptocurrencies.

You can immediately understand the difference from the wallet that physically stores your euros, in fact, crypto wallets do not store your bitcoins, just as the ethereum wallet does not store your ETH. They store the private key with which you access the funds stored on the address, while the funds are present in the block chain: more information in the Cryptocurrency Glossary.

TYPES OF CRYPTOCURRENCY WALLETS
Cryptocurrency wallets are divided into:
Hot wallet;
Cold wallet.

CRYPTOCURRENCY WALLET FOR DESKTOP AND MOBILE DEVICES
The desktop wallet belongs to said client software category used as a full node. In some cases, these applications download the entire blockchain of the chosen altcoin to the user's PC, and enable expert features not possible on other types of cryptocurrency wallets while the Mobile wallet have applications for smartphones and tablets. Their characteristic is to be light, fast and therefore portable to any place.

BINANCE WALLET AS MY PREFERRED WALLET

Binance wallet is an exchange based way of saving your cryptocurrency. I prefer the binance wallet because making use of the binance wallet will be quite more beneficial for so many cryptocurrency enthusiasts all around the world; this is due to the fact that the binance wallet has so many features that make it stand out;

SECURITY:

Upon creating a binance account, you will be able to use security features like the Two factor authentication and also the Universal two factor authentication, which is one of the best ways to guard against potential hackers.

The binance wallet supports a wide variety of crytocurrencies which makes it easier for starters. This wallet has always been known for offering theit users an exceptional selection and different crypto trading pairs, this goes to say that if you have heard about any crypto coin, there is a high chance that the binance wallet supports it too.

ESTABLISHED REPUTATION

BINANCE has managed to established itself as one of the top CRYPTOCURRENCY exchange we have in the crypto space and so it can be trusted. Not only that their support system is top notched which is capable of solving any complain I might have

HOW TO PERFORM SPOT TRADING

It is possible to trade hundreds of cryptocurrencies on Binance, and you can also deposit whichever one of these onto the exchange.

STEP 1: Download the Binance app for either your smart phone or PC (note: you can also go through the binance website. www.binance.com)

STEP 2: Login to the platform if you already have an account or click Register if you didnt have a prior account.

STEP 3: After you verify your account, you click on the wallet icon at the right bottom of the page

STEP 4: Select spot trading at the top.

STEP 5: Select any of the trade you want to do (i.e Deposit, Withdraw or Transfer)

STEP 6: Select a coin you want to deposit.

STEP 7: After selecting the coin, select deposit button that is at the bottom of the page

STEP 8: Click continue to enter the MEMO and Address data

STEP 9: Copy the BNB Deposit address

STEP 10: Click on BNB Trust wallet

STEP 11: Click to send

STEP 11: Confirm the transaction

After you have sent it from your Trust Wallet, you can look at its status in a block explorer by searching for the transaction ID.
Congratulations, you have successfully completed a transaction in Binance.

HOLDING OR TRADING; WHICH ONE IS PREFERABLE

If I were to choose between holding and trading, I would prefer trading, because in trading it has to do with following a short range price variations of varying stocks closely and then they try to purchase it at a low price and then sell it at an higher price,

Trading has a high potential for obtaining immediate rewards. If you want to maximize profit then you must go for trading, although trading could be quite risky at times but then what is business without taking risks.

With the holding strategy, investors can decide to invest in certain stocks but tends to hang in notwithstanding short term fluctuations, but I wouldnt prefer staying so long when I can just go for trading and get my profits in a short time.

@alphafx