Steemkids Crypto Academy S2W3 || Exchange|| Assignment.|| 10% to steemkidss

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I want to sincerely thank @benton3 for this opportunity he has given me to learn cryptocurrency because as it stands the field is a broad one and it takes consistency and diligence to learn this .
Its not easy but i thank God that He has made Africa one of the largest continent to be cryto -wise. As it stands, we in Africa have become one of the largest when it comes to crypto transactions, ranging from number one in various exchange platforms to highest in terms of cryptoholding. I am sure that this initiative will help me throughout and i will do my best to always avail myself the opportunity to learn from your classes sir.
The assignments given to @steemkids came with some questions of which i will answer to show my levwl of knowledge on the lesson.

WHAT IS AN EXCHANGE?

From the lesson on exchange, An exchange is a digital platform where users are enabled to swap their digital assets either for fiat (local currency) money or for other digital currencies.
Exchange markets are online markets where the prices of digital currencies are determined based on the concept of Demand/supply.

TRANSACTIONS DONE IN AN EXCHANGE:

Basicallly according to what i learnt from the class there are 4 diverse transactions done in an exchange namely;

BUYING OF CRYPTO:
Buying of crypto currencies can be done in an exchange.. An example of exchange is the Binance, Roqqu, Coinbase etc .. The cryptocurrencies bought are stored in a wallet. A wallet can be defined as a safe digital platform where you store your crypto. Eg Trustwallet and so on. Buying of crypto can be done in the following ways,
• Either by swapping
• Buying with Credit cards or
• Peer-2-peer.
The peer to peer involves buying crypto from an individual too that has the coin you need rather than just buying it directly on the platform.
Peer to peer can be seen in our daily day lives and activities where we buy from people, friends etc. Usually, p2p could be cheaper in that the person your buying from is a friend and can decide to cut the price down for you.

SELLING OF CRYPTO:
Selling of crypto currencies also can be done in an exchange market. It could also be done via p2p as in buying too.

STORAGE, FARMING AND STAKING OF CRYPTO;
As I made mention earlier before, crypto can be stored for future use and vice versa. Wallets make it possible for people to safe store their cryptos and leave it there with full trust thats its safe. Since their digital platforms, it is worthy of note that the passwords are kept secured from third parties.
Farming of crypto is simply the act of keeping crypto with aim of it rising in value. For example, you buy a coin worth 1$ and you keep it in your wallet and lock it up for some months etc. The act of farming ensures you keep the coin without touching it either by selling or swapping them. Since crypto has the tendency to rise in value, locking up ensures you keep it and make it grow (concept of cultivating crops by farmers).
Staking is usually similar to farming but here, youll stake the coin with a better one with higher liquidity.

EXCHANGE VIA NETWORKS;
Exchange is done via networks. A transaction with wrong network ends in loss of crypto. For example if someone sends TRX from a binance to a Tron-Linked wallet of Trc 20 or 10, you must ensure its that same network your sending and not a different one.
This lesson have been an educative one for me and i anticipate for more.