RE: Steemit Crypto Academy Contest / S3W3 - The Wallets by @ahumadaliliana
These wallets can be accessed through a mobile phone, a computer, a tablet or through a physical device the size of a keychain or pen drive.
This make digital wallets mobile and can be carried to any place provided the is internet connection. We can transfer fund to anyone at anytime without difficulties.
The choice of these wallets will depend directly on which one best suits the needs and/or expectations of each user
Yeah this is very true, for investors who prefer to hold assets for long term is advisable to use cold wallets as it provides strong security. Investors who scalp for trading opportunities can use hot wallets as is accessible to the crypto market provided you have internet.
Finally, the most used wallet is Binance, in which I can store my assets, as well as I have taken my first steps doing trading.
Binance exchange is the most use wallets for a lot of traders, it provides a lot of features like buying and selling, spot trade, future perpetual, P2P trade and even allow users to mint and monetize their NFTs.
I try to keep my assets distributed in different wallets, to reduce the risk of the total loss of my assets in the event of a theft in one of my wallets.
Good point stated, when we diversify our assets into different wallets in case of theft in a particular wallet, we won’t be completely lost.
Please find time to visit my post as well. Good luck..!!