hello everyone I hope that you are doing fine today I attended one of the lecture from the steam Crypto Academy and I learnt so many things and I already knew there was so many editions to my knowledge and now I will try to explain all those things in the homework ask I hope that you learn something from that

1- Explain differences between wallets and exchanges as well as mention which operations should be performed in an Exchange and which operations should be performed in a wallet (in terms of fees).

Exchange

 if you are in the Crypto world for a while you must know about the exchanges you must have heard about exchange from your friends or from traders so what basically exchange does is that when you go to exchange you basically e give them your coin and they give you some other coin basically you change your coins over there you can buy coins are there you can sell your coins are there suppose a few have Bitcoin and you want it dogecoin  you will go to any exchange and you will buy dogecoin  Bhai and is a payment you will give them your Bitcoin now it depends upon the exchange there are so many exchanges available in the market

 different exchange have different fees on their exchange it depends upon the volume and supply I and many other aspects as well and all exchanges have their own way of doing things like many exchanges don't accept certain coins and that is how it works so basically and exchanges to convert your coins to some other coins and you can also converted to fiat money like dollar and Euro depends upon which country you are living and which currency you prefer

Wallet

 this is very easy to understand wallet is basically the place where you keep all your coins that you have bought with your Fiat money currency suppose if I go to any exchange in I bought Bitcoin worth of hundred dollars remember all the exchanges have their own wallets like it's not a proper wallet but when you buy a coin It stays on Exchange so you can read it anytime you can send it to anyone from there you can read it for some other coins and you can do anything with that and  as far as the exchange support that coin you can keep it in that exchange for as long as you want and you can also use that exchange as a wallet

 now I have 100 worth of Bitcoin with me but I want to keep it for a long while and I don't want to sell it so what I do is I transfer that to a wallet wallet is basically where you keep all the coins and there is no other purpose other than that you keep your coins in the wallet and It stays there you don't open it you don't close it everyday it's just as there there are many types of wallet in the market software wallet physical wallet you can even store your coins in Your Heart lyrics and your USB anywhere but the most famous for its h han hot wallet which are connected to internet all the time and you can use them anytime you can transfer your fund to other places instantly

And when it comes to the fees we always try to use exchange because exchange provider really good and very low fees in terms  appexchange when it comes to wallet wallet mostly don't provide the  exchange feature but when they do it is only for a certain coins and they charge very high fees so you should never exchange your coins in a wallet and try to change them through a proper exchange

2- In your own words, Why You think people should have more than one exchange account?. Do you have an exchange account? and Why that specifically?

You must should have at least two or three exchange accounts there are many reasons when the first reason is that every exchange has their own price and rates for specific coin so you should have multiple exchange accounts and see which one is giving you more profit then use that one for your trade

 the second reason is that many times I have faced with the exchange that I use binance that most of the time they don't support deposit of currency that I want to trade like many times it has happened that that don't support steem  for a while they will stop the deposit of that coin in that you can't do anything if you are completely dependent on that one exchange and that's why I have many exchanges and while I can't deposit my coins into minus I use other exchanges and you can do the same if you have multiple exchanges

 as I said there are many exchanges and their don't support many coins but on the other hand The Other  Exchange support that coin so you can use that and you don't have to deal with the third-party for the sake of that trade

Do you have an exchange account

Answer to this question will be yes I do have exchange account and its binance

 I use this exchange because it's one of the best exchange available in the Crypto world and because this exchange is very easy to use and you don't have to go through very difficult and hard sheejas it's very easy to use the second thing is that this exchange is very clean and all the options are completely visible most of the time in hurry what we do if we click on some wrong button and that makes a lot of problems for us well with thisexchange don't have any extra buttons or any extra options everything is very clean and very beautifully organised

 the third and the most amazing reason is that it's very fast I mean you just click on one thing and you are done it's very fast and that's why I like it clean fast and easy to use these are the three reasons why I primarily use this exchange

3- What are better? Wallets or exchanges.?

According to my opinion I think both wallet and exchange are necessary for the ecosystem of cryptocurrencies have different for buses that's why I cannot say that one should not exist but when it comes to my own preference because I don't keep my cryptocurrency for a long term that's why I very less use of cryptocurrency wallets and most of the time I am only using exchange because I don't it hold any coins when I hold coins I transfer them to my wallets other than that I prefer exchanges but exchanges are not that secure and that's why whenever you deal in cryptocurrency is make sure that your exchange is multilevel security on so I think exchanges are the best because there you can exchange your coins you can do trading you can keep your coins at the same time you can build your food for you you can check the prices you can live see how much your coins are worth at that time and many other things well on the other hand if we talk about wallets wall it's just have only one purpose and that is to keep your coins aside and save

4- Create an account in a wallet and in an exchange of your choice and show screenshots of the process.

 first of all you have to select a wall at which one you want and for that you can go to Google and search for the best wallets or you can ask your friends which one are they using or you can do your own Research and find out which one is the most secure and very easy for you after selecting a wallet you have to go to the play store in my case I am going to the app store in iPhone and there I will select the wallet name which is metamask   and after that I will have to download this app and then we can start creating account

when you open the app yu will see a button which says get started click on that

now we have to create new wallet we will click on create new wallet and then move ahead

here we will have to slecet new passward for a new account and giving password tik the agree button and then click on create password

after that metamask will show you a video must watch that in that video they will tell you how to keep your account wallet safe

now this is very impoetant for all of you as they say keep the latters safe somewhere this is the only way to recover nbyour coin in the wallet you can recover your wallet through this

after completing that step you are done you can start using your wallet

you are done you wallet is been created

How to create account in FTX  exchange

 first of all if you are using your mobile phone you can go to your Play Store or App store in there you will have to search the name of that is changed in my case it's ftx  I will search that and then I will download the application from the Play Store 

Once you download the application when you open the application you will see many options but you will have to click on the register and then they will ask you about your email address and password third window is referral code if you have any referral code you can put that if you don't have it optional you can leave it empty after that you will have to click on the every take that and then click on  register

after doing that you will se a pizzle and then just slide this and fit it to the plac and it will be done easy step just to see if you are human

i am using iphone so i get this option of touch id each time i open the app they will ask me to very through touch id i will enable this

after that my account is created

now you will have to do your kyc it means that you will have to verfy your account though passport id card or anything else they want you to do when you do

here you will have to give them all the information they want toverfy your account after that you can start trading

after verfication you are done enjoy

THANK YOU

@allbert