Crypto Academy Week 11 - Homework Post for alphafx

Hello steemit community!

Hope you all are fine.This is week 3 of season 2 of homework and I am back with the homework for professor @alphafx so lets start it.

Q1: Do you hold any coins? Talk about the wallet type you prefer/would prefer holding in

This question focusses on two main words 'coin' and 'wallet'.so wallet is anything where we can store something and it can be anything money or cards or any valueable thing.The wallets where we store our cryptocurrency are called the cyptowallets and are accessible through an encrypted key or two factors login and those are very safe to use.There are many different types of wallets.Cold wallets are the one which are not connected to internet.examples are paper wallets,hardware wallets etc.Hot wallets are those which are connected to internet and examples are exchange wallets,web wallets etc.The cold wallets are secure as compare to hot wallets and cannot be hacked.
Now the coin is any crypto currency which i own and hold in any wallet.I prefer hot wallet over cold wallet because it is easily and faster accessible.Currently I am not holding any crypto coin in my wallet but I had earlier. I can trade or exchange easily on binance.one of my friend guided me about it.There are many other exchange wallets but I know only binance.I have trx in my steemit wallet and I have planned to hold it.
Holding or HODL is the purchasing a coin and keep it with yourself until your targeted price is achieved.for holding one should have patience,there may be bearish or bullish trends but you have to show patience and wait for the right time.

Q2: With screenshots, show how to perform spot trading on any pair of your choice.

Now I will be showing you how to trade on the binance exchange.
1)open Binance application.
2)login or register yourself.this screen will appear.

3)Click on the trades(at the bottom centre).

4)Click on the pair just below the spot and select the pair of your own choice.

5)if you want to buy then click on the buy and if you want to sell then click on the sell.

Like I am selecting trx/btc.if I want to buy trx then I will write how much trx I want to buy in amount(trx) box.

and If I want to sell then i will click on sell and how much trx i want to sell will write.

(These all screenshots are taken from binance application)

Q3: Holding or trading, which do you prefer and why?

Now between holding or trading I would prefer holding instead of trading because everyone knows that cryptocurrency is the future.people who have invested 10years back have earned huge profits.one of my friend had few bitcoins and he has earned a huge profit so people who are denying crypto will be left behind. Now a days everyone is trying to understand crypto and wanting to invest.People who will invest today will make profits in future from crypto whether it is trading or holding.trading involves a little bit risk while holding a coin and understanding the market is easier.It will be a long term investment.I know trading also have some advantages but I am the guy who avoides risk so HODL is good for me and as I am in learning phase.

That is all from my side.I hope I have justified my points.

Thankyou.