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RE: Crypto Academy Season 3 | Intermediate course by @allbert -Task 1: A world of Wallets and Exchanges

in SteemitCryptoAcademy • 3 years ago

Professor, I'm sorry, I don't understand the question number 1, please explain in more detail, thank you...

  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).
3 years ago in SteemitCryptoAcademy by
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     3 years ago 

    Same question bro

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       3 years ago 

      No problem mate.

      First parte of the questions is simple: Explain differences in your own words.

      Second parte of the questions: If we took fees as Main key , there are some operations that are expensive ir cheaper in exchanges and wallets. So there ara operations that You better shoud perform in an exchange or in a wallet...

      So I wanna You to tell me wich operations are those.

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         3 years ago (edited)

        which operations should be performed in an Exchange and which operations should be performed in a wallet (in terms of fees).

        Thank you prof, but i'm still confused
        What is the operation there?

        Do you mean operations on exchange.pancakeswap for example?

        Wallet: Holding and store.
        Exchange: Trading.

        In your explanation above the wallet is holding and store, then what fees are charged??

        Sorry Prof, I ask a lot of questions 😊

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           3 years ago 

          That is the invetigation You have to do My friend. If You read the rest of the post carefully You Will see another operations we can do in some wallets.