The Steemit Crypto Academy | Week 2 - Homework task by @laser145 | Cryptocurrency Exchanges and Cryptocurrency Market Capitalization

in hive-108451 •  4 years ago  (edited)

the cryptographic wallet is a software program, which helps us to send, receive and store all our fashion regarding the security of these wallets have private keys and public keys Regarding your keys, both the private and the public must be kept safely since if you arrive lose it you will not be able to recover your wallet whatever you do, there are thousands of safe and unsecured wallets In the example network, blockchain wallet, binance, poloenix, etc., these are few that I currently use but there are thousands on the web.

wallet poloniex.png

Screenshot taken from my poloniex wallet

There are many differences of wallets that offer many benefits which are:

Hot wallets:

these are wallets that are used to store crypto assets these can be binance, coinbase. These can be quite risky I do not recommend them but it is at your discretion, users are constantly attacked with malware or visrus that are capable of hacking certain computers vulnerable to steal keys, therefore I recommend keeping all assets as disconnected as possible of the web.

cold wallets:

these in turn are offline, for example ledger nano X and ledger nano S. external hard drives They are also a very good source of storage, flash drives and are maintained for greater security out of line.

paper wallets:

these cryptographic wallets are also offline, their function is to store your private keys very securely offline. They have a QR code that makes their operation more easy and efficient for the user.


the exchanges:

they are used mostly to carry out tradig exchange of currencies whenever you want 24/7 the introduction of the btc boosted its growth and that gave its origin to the exchanges. offer fast exchange processes which include buying and selling crypto. example of the exchanges poloenix, binance, coinomi, trezor, etc ...


Best of all, all your assets are kept in your name by saving your private keys
which you can move in the time that you decide whether you want to transfer it to another user
or carry out any transaction to make trading or other operation whenever you want from wherever you want.

foto 2.png

Source


The crypto wallets:

I personally keep everything in exchange wallets because I have few coins at the moment but when handling many assets millions of them I prefer to move them in cryptographic wallets offline of the network.

Reasons why I store long term:

which prompts me to study crypto wallets a lot because they are very safe and reliable when it comes to
store these cryptocurrencies as I have seen many exchanges disappear overnight
and they take everything, stories of piracy. for example what happened with Mt.Gox in the past. my conclusion is
Storing cryptocurrencies in a portable wallet gives me complete security and control of my assets.

Easy access and convenience

in these wallets I keep my cryptographic assets which allows me to access when I decide from where I
want, I do not run the risk of losing my assets are accepted in many businesses today since they
They allow in that business to access the transaction with the merchant is very easy and comfortable the truth.

Cc

@laser145

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