Hello Sereyians,
Greetings to you my lovely Sereyians in the house. Today in this post I just want get your opinion or better still view of which you think is he best for savings your digital assets between wallets an exchange.
A wallets are simple the means by which individual and businesses can store and send their money to one another. But when it has to do with crypto wallets is a type of wallet that involves one or more private keys that enable users to login and perform transaction.
One of the difference between wallets and exchnage is the use of private key. I.e wallet make use of private key, while exchange make uses of password. Private keys are simply the mathematical proof that allows you to have access of your funds that is in your wallet. In a nutshell, private key is the code that allow your to perform monetary transactions.
Private keys are very very important when it has to do with the use of wallet of which I believe we all have kept or master/private key of our Serey account in a saver place. Note that if anyone should have access to your private key is simply means that the person now have access to your fund.
Wallets are meant for storing of crypto assets while exchanges are meant for buying and selling of crypto assets.
Exchanges are wallet that allows us to buy and sell cryptocurrencies. An exchanges act like our financial institutions banks in the cryptocurrency industry. So friend having saying much which do you prefer to hold your crypto assets, Wallets or Exchanges.
Thank you so much for your time here....
131.241 SRY