This is My task for @alphafx assignment
1. Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in
Yes, I am holding some coins. I have held some coin in the past which brought me profit, that is why I have decided to keep holding
To me, the best wallet for me is Binance Wallet. I do enjoy using Binance because of it ease in taking different crypto assets and easy trade.Binance has been one of the best trading platform. Binance makes it easy to convert cryptocurrency to fiat and then easy withdrawal to local accounts, and also you can credit your Binance wallet with your fiat through your debit cards.Binance is connected to different chain I am used to e.g steemit.I also like the feature of P2P which is very effective on Binance. Binance is even accessible on web browser.
2. With screenshots, show how to perform spot trading on any pair of your choice.
https://www.binance.com/en/my/wallet/account/main
- First Image. I log in to my Binance wallet, then I searched for my preferred coin (REEF), and I clicked on TRADE at the right edge of the REEF row, and it brought more options
Since I have some USDT, then I clicked to trade REEF/USDT, and I waited for the page to load.
- On the second image, I put 5 USDT at the place created for TOTAL at first, but it didn't go through, then I put 10 USDT, yet it didn't go. On thr third image, then, I input 10.09 USDT
- On the third image, I clicked on BUY REEF. The order was approved, and REEF landed in my portfolio assets
3. Holding or trading, which do you prefer and why?
I prefer holding to trading because I have held some coins in the pasts and I have gained a lot from it. Example was when I was holding ZEN. The HORIZEN (ZEN) was given to me 3 years ago, and the value was too low then, 1 ZEN was $6. What will I do with $6 worth token? I was having the token on Coinomi, I decided to leave it there. I later changed my phone, and I didn't bother to install the Coinomi wallet on it. Recently, I when majority of token are booming, I decided to give it a check, and behold, ZEN has risen to $76/ZEN. Then I sold it. My holding gave me multiple gain over what I could have realized should I have sold it then.To hold really do benefits me a lot than to trade. Moreover, I am not a trading type.
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