RE: Crypto Academy Week 3 Homework Post for [sapwood] by @galos
Thank you for attending the lecture in Steemit-Crypto-Academy & doing the homework task-3
If you are going to keep very few cryptocurrencies in the hardware wallet
You are absolutely right. It also depends upon how much crypto(worth) you are dealing with. If you deal with micro amount or a small amount, then it is better to use a software wallet.
Hardware wallets always have a better security advantage, so the orcas/whales always prefer hardware wallets.
In the web 3.0 wallet, absolute ownership belongs to the user because it is decentralized. You have your private key. I have used TrustWallet wallet before. It runs on the Binance Smart Chain network. It is suitable for smart contracts. Binance coin is used as a fee in your transactions through the TrustWallet wallet. We can stake coins through the TrustWallet wallet. You can earn regular income by staking coins, renting a kind of coin.
Exactly, Trust Wallet is a Web 3.0 wallet and it is seamlessly integrated with the various dApps rendering you the service within the app without having to leave the wallet. As you correctly indicated you can stake coins directly through the wallet. You can also connect to DeFi, DEX, etc directly from the wallet.
Thank you.
Homework Task -3 accomplished successfully.
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