What are the wallets that you can store crypto currencies in?

1 - We have HOT-WALLET wallets

They are classified into centralized and decentralized wallets.

Centralized wallets (CEX): and centralized platforms such as

Binance, OKX, Bybit, Gate.io, and many other platforms that

require KYC verification, and there are some decentralized platforms

that do not require verification like MEXC but for specific small amounts.

Advantages:

1 Ease of use

2 High liquidity

3 Speed in executing transactions

4 Availability of technical support

5 Presence of P2P

And many other features.

What are the disadvantages?

1 Most centralized platforms do not allow ownership of private keys for currencies.

2 Security

3 Your account may be frozen if you violate the terms.

Decentralized wallets (DEX): and decentralized wallets such as

Trust Wallet, Uniswap, MetaMask, and also

Web3 wallets in centralized platforms like OKX, Binance that do not require KYC verification.

Advantages:

1 100% ownership of currency keys

2 More security against hacks

3 You have full control over your account

4 Support for a huge number of currencies specific to the network on which the application is built.

Disadvantages:

1 Complexity of use

2 No technical support

3 Network fees can be extremely high, especially on the ETH network,

and if the network is congested, the fees increase significantly.

4 Weak liquidity.

2 Cold wallets

These are not connected to the internet, such as USB

or in the form of a ring you wear, and are considered one of the safest methods to store currencies.

#Write2Earn, #Binance, $ETH

$BNB, $BTC