Hello my fellow kids and kid lovers, and I will be participating in the crypto assignment by @benton3, about crypto wallet and exchanges, here are the answers to the questions:

1. Discuss and Explain Exchanges in your own words. Give examples

It is a place were we can buy and sell crypto currency. It reflects crypto currencies market prices of the type of crypto currency they offer , we could trade them using monetary units or digital assets, in crypto exchange we make instant transactions.
It can also be defined as an online platform were digital assets is exchanged for another, based on market value. An e.g is the Binance platform.

2. List the differences between a Wallet and an Exchange.

Exchange	Wallet
A crypto exchange helps us to buy and sell crypto	Wallet helps to store crypto safely
In exchange an identity card is needed	An exchange card is not necessarily needed
It is easier to perform transactions	The transaction fees are quite very high
A user does not have full control of his assets	He has full control of his wallet

2. List some similarities between an Exchange and wallet.(Give an example of a wallet that have such similarities)

• They both can be used to store crypto currencies.
  An example can be the steem coin.

Cc:
@ngoenyi
@benton3
@goodybest
@madilyn02
@eliany
@chimeroselam

This is the link to my introduction post