As we know there are different kind of crypto currency like Bitcoin, Ethereum, Ripple and so on.All these currencies has some platform where they can be traded and held.One of the rising currency apart from Bitcoin which is at the top is Ethereum.

Why I prefer Ethereum Wallets and why I prefer to gold my coin in it.

There are many different types of such wallets. Each provides users with different advantages and disadvantages. Some are less secure but easy to use. At the same time, other functions are great for storing money that you don't want to use for a long time, but not very good for daily use.

Security is important in the crypto world because the things we are dealing with are of high value. In the physical world, we are very cautious when dealing with the most valuable items. The same is true in the digital world.

Online, we must be equally careful to protect the things we value. When you put your bicycle on a busy street, lock it. If you enter the PIN code on the ATM, it will be hidden from others.

When we leave cryptocurrency somewhere, we must also ensure that its security is appropriate.

The security of the cryptocurrency is your responsibility-it is very important! If you have been hacked or have security issues, no bank can contact you. It is not possible to return Bitcoin or Ether to the sender by pressing a button like ordinary bank transfer. In cryptocurrency, once coins leave your wallet, they are gone forever. This is why the best Ethereum wallet must be very secure.

Cryptocurrency is special because it is decentralized and decentralized. This means the percentage of failure is low .There is also no single point of attack for those who wish to harm the network or its users. This makes the system itself very safe.

This is also the case if the user stores the coins correctly.
It takes a long time for hackers to enter such a powerful security system. This means that it is better for cybercriminals to try to break into a large cryptocurrency store (such as an exchange) than a separate wallet. Exchanges like Binance, Coinbase, and Kraken are ideal targets for hackers (although they all have excellent security systems,)

Once a hacker enters the exchange, he can steal a lot of money. In the past, large exchanges were hacked and users lost their funds. It may happen again in the future.

It is important to remember that hacking is not only against exchanges. Users may also compromise its security. Therefore, some private wallets provide better security than others, and therefore, they may be the best Ethereum wallets.

Some of them include

Paper wallet

For now, paper wallets are one of the best long-term storage Ethereum wallets. Once created correctly, they will be completely offline and inaccessible to hackers. The high security of the Ethereum offline wallet makes it ideal for storing large amounts of cryptocurrency for a long time.

Online wallet

From the most secure wallet type to the smallest wallet. Next, we will look at the Ethereum online wallet.
Ethereum online wallets are wallets found on centralized services such as cryptocurrency exchanges. They are the least secure type of wallet. The Ethereum online wallet is very useful for digital currency traders. Generally, you should store your funds in an online wallet as short as possible.

There are many types of online Ethereum wallets. Some really good examples are Binance, Coinbase, Kraken and Bittrex. The best Ethereum wallet: Binance.
If you are not a trader, please do not try to leave cryptocurrency in an online wallet. You may find it easy to use and simple...until you lose money.

It is also important to pay attention to false websites when using online wallets. The fake website looks like a real website, but it will steal your important data (username and password). The person who created the false website will then use your details to access your account and steal any cryptocurrency tored in that account.

False websites can be found from some clues. First, URL address bar. There should be a green word next to it (usually "safe" or company name). The beginning of the URL should also have "https" instead of "HTTP".One if the benefits is that it is very suitable for traders. If the online wallet is exchange-based, all coins you can buy on the exchange will have your own wallet in one account.Also,It can sell the position very quickly.

If you want to seize the opportunity, this is a good thing. However, this maybe also lead to wrong decisions and make you pay money in untimely transactions.

How to conduct spot trading on Binance official website

Go to Binance's official website (www.binance.com), click [Login], and enter your information to log in to your Binance account.

Then, click on the currency name on the page to directly enter the spot trading page of that currency

Trading page display:

Enter the order area of ​​the trading center (standard version or professional version), refer to the price in the buying and selling area on the left, enter the appropriate BNB purchase price, enter the quantity, and click to buy BNB to complete the purchase. (Same for selling orders)

The price in the order area defaults to the latest transaction price of the limit price. If a quick transaction is to be made,you can select [market price] .

If the current market price of BNB/BTC is 0.002 and you want to limit the purchase to 0.001, you can choose [Limit Price ] .
The percentage bar below the quantity refers to the percentage of total BTC assets you will buy BNB.

HOLDING OR TRADING.WHICH IS PREFERABLE?

Holding can be defined as buy and keeping the crypto coins for a long time without trading them.it is called HODL.The duration can be upto to months or years.

Cryptocurrency trading involves trading the price movements of a cryptocurrency through a CFD trading account or buying and selling the underlying currency through an exchange platform.

By the definition we would know the preferable option which is trading the crypto this is because it tends to give you more experience on what coin to trade,how to trade and when to trade.

Also,it is also a risk Aversion because it has a 50/50 chance or profits or loss, Unlike holding which is either profit or loss.

I always prefer trading because it always gives me to make more profit at a very shot period of time compare to holding that may take years

@alphafx