Crypto Academy Week 11 - Homework Post for @alphafx

Hello steemians welcome to my homework post in week 11 given by the one and only @alphafx our steemit professor who lectured about Trading and holding and also wallets anyway without any time waste let me get straight to my home task.

1). Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in

I hold cryptocurrencies, I hold Bat, Maker, Ethereum and many more in my coinbase wallet which i prefer holding my coins in, Now coin base wallet is a mobile wallet that falls under the category of Hot wallets that can't run with internet.

Why I prefer Coinbase wallet
The reason I chose coin base wallet is because it can be easily connected to the Coinbase exchange app so you can move crypto from exchange to wallet and back without any charge another reason is that my phone is always with me so it makes me access my wallet with so much ease. I will show you guys my Coinbase wallet portfolio.

2). With screenshots, show how to perform spot trading on any pair of your choice.

I will be showing you guys how to perform spot trading using my Binance Account because i have some usdt in it and i will be buying ADA using the ADA/Busd pair in steps.

Step 1.
Open your binance App

• I have Usdt in my Binance exchange wallet
• click market button then the search bar type ADA the ADA pairs will appear.
• Select the pair you need as for me i need ADA/usdt.

Step 2
Click the Buy Button.

• make sure it is in spot and you can locate that if you look up.

• To buy you just need to type in the amount of ada you want or type in the amount of usdt you are going to use to buy ada or you can also use the percentage bar.

• click buy and your purchase is successful.

3). Holding or trading, which do you prefer and why?

I prefer Trading because it is more profitable than just holding but it is more risky than holding because in holding you are hold your crypto and hoping it rise so you can sell everthing while trading you are going to be buying the lows and selling the high that is in spot trading though you can also do leverage, margin and futures which are more risky because you can loose all your position in Leverage and Margin so if you are new and you like trading then you need to stick with spot trading.

Conclusion
Coinbase wallet is strong but it falls under software wallet and it can still be hacked so if you have a lot of money invested in crypto i will advice you use hardware wallets anyway thanks for reading and thanks to @alphafx for a great lecture.