Grassroot Crypto Education | Series 2 Volume 6- Contest: Crypto Wallet or Bank
Hello, steemit family hope you all are doing good. I am so excited to participate in this wonderful and informative contest organized by @fredquantum. I hope you all like it.
A cryptocurrency wallet is an app that permits cryptocurrency users to store and retrieve their digital assets. like typical currency, you don’t want a wallet to spend your money, however, it definitely helps to stay it all in one place. once a user acquires cryptocurrency, like bitcoins, she can store it in a cryptocurrency wallet and from there use it to create transactions.
Crypto banks are provisioning fixed costs accounts, term deposits, credit cards, collateralized loans backed by crypto plus deposits, and different services the same as the product offerings from traditional banks, albeit delivering abundant higher interest rates.
If momma offered me 10 USD. I will definitely keep it in the crypto wallet because this crypto wallet is the best investment for me.
Because of so many reasons, the most important is, that it is safe to use. It is insured, that my currency can not be hacked by another user.
No there is no harm because it is safe. It is harmful when I expose my private keys to other users, then anyone can log in to my wallet with the private key and stole my money.
💸💸💸💸💸💸💸
Thank you @steemkids for giving us an opportunity to learn this informative topic. I hope this contest of crypto course to the kids, will keep on growing in steemkidss.
I invite @jlvillamizar @joymm @david-o to participate in this contest.
Cryptocurrency wallet
A cryptocurrency wallet is an app that permits cryptocurrency users to store and retrieve their digital assets. like typical currency, you don’t want a wallet to spend your money, however, it definitely helps to stay it all in one place. once a user acquires cryptocurrency, like bitcoins, she can store it in a cryptocurrency wallet and from there use it to create transactions.
Source
Crypto Banking
Crypto banks are provisioning fixed costs accounts, term deposits, credit cards, collateralized loans backed by crypto plus deposits, and different services the same as the product offerings from traditional banks, albeit delivering abundant higher interest rates.
Momma offered you 10 USD to keep it for 2 years. Would you keep it in the crypto wallet or bank?
If momma offered me 10 USD. I will definitely keep it in the crypto wallet because this crypto wallet is the best investment for me.
Why do you go for the choice above?
Because of so many reasons, the most important is, that it is safe to use. It is insured, that my currency can not be hacked by another user.
Is any harm attached to your choice?
No there is no harm because it is safe. It is harmful when I expose my private keys to other users, then anyone can log in to my wallet with the private key and stole my money.
Thank you @steemkids for giving us an opportunity to learn this informative topic. I hope this contest of crypto course to the kids, will keep on growing in steemkidss.
I invite @jlvillamizar @joymm @david-o to participate in this contest.
Hi friend, I liked your choice, the best way to invest is in cryptocurrency. You have written so well in you entry. Thank you for participating in contest:
Hello friend very good explanation!
Cryptocurrencies are the best option when it comes to investing our money, they also provide us with a lot of security in transactions.
Greetings!
Yes you are right 🌸