It is impossible to use cryptocurrencies without the presence of crypto wallet.

Yeah that true, how can you trade crypto without having wallet, it goes side by side and one can’t work with the other. Wallet help us store, swap, buy and sell our crypto assets.

The most important feature of this wallet is its KYC verification and its security of not hacking.

Binance exchange is a centralized system and so require KYC verification. When your identity is not verified, you can get access to certain features on the platform. It’s mostly done to prevent theft issues at the P2P trade.

I suffered a loss through the fake application known as ok mini and wallet named as ok mini wallet. In which people said that if we invest 100 dollars then they will give us 5 dollars daily and our 100 dollars will also remain safe.

I have also suffer a similar scam on a trading platform known as CG, we where trading BTC for every five minutes to predict rise and fall. It run away with my money some few weeks after I have joined.

Please find time to visit my post as well. Good luck..!!

https://steemit.com/hive-108451/@sadiqxylo/steemit-crypto-academy-contest-s3w3-the-wallets-by-sadiqxylo