Steemit Crypto Academy Contest / S3W3 - The Wallets by @soulical
FROM: BANGLADESH
DATE: 02-08-2022
Heartfelt thanks to the steemit Crypto Academy community for organizing a contest on such a beautiful and important topic. Contest Season 3 Week 3 The topic of the contest is very important and essential in our daily life.
The whole world is getting new levels of modernity day by day. Everything is improving, even our property is becoming online based i.e. digital. The properties that we have to store online i.e. digitally. Cryptocurrencies are especially popular all over the world today. As we know the journey of this cryptocurrency started in 2009 with a coin called Bitcoin. Which is now being used all over the world in different ways. Our most important possessions are our possessions which are essential to build our future. And that's why we need to store these properties in a safe place. And that's why we all use different types of digital wallets. Today I will also introduce you to one of my trusted wallets. I will also show you why I trust that outlet so much. Hope today's blog will be very helpful for you.We store these assets with various banks and various online channels. But how sure are we that this bank or online service is auspicious or inauspicious for us? That's why we need to do a complete analysis about that online medium or that bank and then we should store our properties there. Then our properties will be safe and we will also be worry free.Today I will give you a complete idea about digital currency i.e. cryptocurrency wallet from my experience.
Wallet is a software (Blockchain) based system digital medium. By using digital wallet, all types of payments can be made easily from online shopping through computer, tablet or smartphone. And the payment can be completed in a very short time. In general, individual users' bank accounts are linked to their digital wallets. Even opening this digital wallet requires a user to provide all the correct information, from National ID to face verification to use this wallet. That is, a user can use this wallet only after properly completing all the KYCs of using such digital wallet. If a user uses this wallet by properly updating the information and verifying KYC, it will be easier for that user to solve any account related issues in future.
Example of wallet: Binance,Poloniex,etc.
A man's most important asset is his property. Because you need money at every step. Everything in this world needs money to do, just like you need to use your possessions every day to live your life. Because property is the most valuable and very important asset in your life. So it is also important that you keep this property in the safest place possible. Otherwise, your resources will be misused and even lost. You must use the best wallet with security to keep your assets safe. Which is an important factor in securing your property. And a good wallet is a must to ensure you get the most out of all your transactions. In today's world i.e. in the digital era, the importance of wallet is the highest. As today's world is becoming modern, so are the traps of deception in today's world. So we have to exercise utmost caution in many selections. So that we do not fall prey to fraud.That means I have to select a wallet from which I can get maximum benefits. That is, we need to select a wallet that ensures customer service. And another important thing to keep in mind in many selections is transfer cost and trading cost.
The only cryptocurrency I trust and use myself is Binance. Because Binance is the world's leading blockchain ecosystem, Binance Exchange is the largest crypto exchange by trading volume. And Binance has the largest number of users in the entire world. binance Chain is a community-driven blockchain software system. Binance is known as the most trusted wallet in the cryptocurrency world. A user can easily get all kinds of benefits from this Binance wallet. That's why Binance wallet is so popular all over the world. I will present below the screenshots and write in detail about the benefits we get very easily.
This Binance account is very secure. You will need your NID card or your passport to sign up this Binance account. And to complete all KYC requirements. If you complete all types of KYC and activate the account, you don't have to face any problem in the future. If you complete all the KYC and open the account then any future problem can be resolved.
After opening the account, you can get KYC verified and train by depositing funds very easily and quickly. This wallet is so fast that you will feel very comfortable using it. This wallet shows the right price over time. And the trading cost of this wallet is very low. That's why I like Binance trading. Due to the very fast trading process we can earn quite a lot of profit compared to other wallets.I'm new to Steemit, but I've been involved with cryptocurrencies since 2017. That means I have been continuously trading with Binance since 2018. That's why I have a very good idea about this Binance trading. That's why I shared with you from my experience about this Binance wallet.
You can see how much I trust Binance by looking at my wallet amount. I trade most of my assets on this Binance. Because it is the most trusted wallet for me.
This Binance wallet has the most beautiful and extra features compared to other wallets which particularly impressed me. Through this P2P system I can easily convert my property into our country's currency. Which is a very important and required feature for a user. This unique feature of Binance attracts me a lot.Also, Binance has all the features needed in the cryptocurrency world. Through which you will get the best experience in this wallet.Binance does not list any kind of fake coins. Which is a very good thing for users.
No, I have not been a victim of any kind of property theft so far. And that's why I trust this Binance wallet even more. And I noticed that Binance lists coins in Binance wallet after doing a lot of analysis. Which increases the loyalty of Binance users. But lastly I suffered loss on luna coin. Not only me but Luna traders all over the world have faced this loss.
I take the utmost precautions for the security of my cryptocurrency assets. I store all my cryptocurrency passwords and keys in a safe and secure place. And keep it in a place where I can easily collect it. And save it in a way that no one else can understand. I use some secret code to store my passwords that only I know. May my purchased currency assets be safe.
I will always choose Hot Wallet. Because I think hot wallet is more secure. If my device i.e. phone laptop tablet is stolen, my password will be stored there but the stolen person will not be able to access it. And in this way my wealth will be safe. And I can access it whenever I want and save my property. That's why I will choose my hotel.Cold wallets are prone to theft of my assets. That's why I prefer hot wallet over cold wallet.
I suggest Binance wallet for you from my five years of experience. I tried to present it with my maximum. I think Binance wallet will be good and trustworthy for everyone. I have given you an idea as much as possible from my experience, still you can understand how good this wallet can be for you if you analyze it from your place. But from my experience you can definitely use this wallet.
★I invite you to participate in this competition
@ilias12
@shovo90
@cmashiquie99
This is a good way to prevent unwanted casualties in the future. It is good to have a preventative measure so as to protect your crypto asset.
I can see you love Binance. It is actually a good thing.
Thank you very much for your kind comment.
It's a pleasure
I am very new to the world of crypto currency. Although my cryptocurrency journey started with Steemit. I don't use any kind of cryptocurrency wallet till now. But I got a pretty good idea about cryptocurrency wallets from your post. And seeing the analysis of your post made me believe in Binance. And I decided to use Binance Wallet for my future work, which requires me to do my own analysis. Although you have done a very nice analysis.
From my experience I can definitely suggest you to use it. Still you should analyze it and then use this wallet.From my experience I can definitely suggest you to use it. Still you should analyze it and then use this wallet.
It is quite interesting to see how much you trust your binance wallet, i hope to do more in cryptocurrency with the right guidance. You have done a good breakdown and analysis.
Thank you very much for your nice feedback.
You are welcome.
Your post was upvoted and resteemed on @crypto.defrag
The function of a wallet is not to store crypto assets. The wallet's only role is to keep the user's private keys safe and to connect to the appropriate blockchain. The private key allows the transfer of funds between parties. Think of your private key like your house key, if you give it to someone else he will have as much access as you. Remember that crypto assets are never stored in your wallet.
Thank you for sharing, I also share about the wallet. If you have time please see my post.
Thank you very much for your nice feedback. I have shared with you what I think. I will do more analysis on this crypto wallet. Your post will be hellful for us
I try my best to secure my wallet, to prevent theft. Likewise with you, must keep your assets from being taken by others.
@soulical Yes friend I also agree with you. I came to Estimate in 2022 and since then started training through Binance Wallet. And so far I have had the best experience with this crypto currency binance wallet.You have analyzed it very nicely and presented it to us, it will be very helpful for us newbies. Thank you very much.
Wow! Lucky me.
Thank you very much for your kind comment.
Thank you for publishing an article in the Crypto Academy community today.
Unfortunately, you are not eligible to participate in this contest. You are a new user and don't belong any #club status at the moment. I highly recommend you remain active in the platform to join a club before participating in cryptoacademy contest.
Remark: Invalid Entry
Thanks for your kind information 😊
You explained wallets well and I also use the Binance wallet you have included in your post. I prefer hot wallets too for many reasons like ease of accessibility, cheap initial investment and many others.