Crypto Wallets, Exchanger & Lending Platform that I used and it's purposes

As I browsed on my mobile phone, I saw that I have several wallet apps excluding those I just signed in through the website. You might wonder why I am writing this like who cares about your wallet lol? Anyway, some newbies are following my crypto journey I assume because they said so. Maybe, this could help them what wallet they should use or made some reference then they can do their research and execute what suits them better.

There are two types of wallet the noncustodial and custodial wallets. Noncustodial is you have your keys or seed phrase while noncustodial is you don't have your keys because it is under the exchange. I will elaborate on it in my next article but for now, I'll stick with the wallet I used since this is the purpose of this article.

Wallets

Coins. Ph

This is our exchanger wallet in our country, we can buy and sell crypto coins such as BTC, BCH, XRP &ETH. I used this wallet for double purposes.

• I used it as my loader wallet, I sell load because we have a little sari-sari store. I like it because it has 10% cashback on your load purchase compare to another loader sim that has 5% cashback only. For example, somebody bought 100 pesos load, I will receive 10 pesos as cashback.

• I used it for selling coins into fiat, this wallet exchanger is pretty quick and easy to sell the coins into our fiat currency which is the Peso before I withdraw it or send it to my bank accounts.

Bitcoin.com

This wallet is pretty good especially if you want to integrate your read cash wallet. You can see all the transactions in there once you link your read cash wallet in there. I used this wallet for double purposes.

• I hold a little amount of BCH, so I used this because it's pretty secure since it is noncustodial which means I have the keys or seed phrase. I always believed that “not your keys, not your money ”. I believe in BCH, I mean I love BCH maybe some of you may wonder “What's so great about BCH?,” well I believe in the future of BCH because it has a strong foundation which means they are following what is written on the white paper which is “peer-to-peer electronic cash”. The builders and community are doing their best or focusing on fundamental aspects which is the infrastructure and massive adoption not just on market price value, and by that I can sense that this project will have a future. Plus the fact that the CEO of this wallet is Roger Ver which a BCH promoter and hardcore support, I can say that my BCH is safe in that wallet for long-term holdings.

• I used this wallet for SWAPPING, since I hold my BCH here I can have the privilege of its features which is swapping BCH to stablecoins when the price of BCH pumps up, I swap my little gains into stable coins then swap back if the BCH prices went down.

Want to know how to integrate your read cash wallet to Bitcoin.com and how to swap? Read this, Escape volatility while holding BCH with stablecoin.

Trust Wallet

I used this wallet for holding a little ETH, well, ETH is also a good coin to invest in. I also used this wallet for a double purpose.

• I store my ETH there and used it as my payout channel in Publish0x (well I didn't earn much yet in Publish0x because I am not active there like here in read cash)

• I also used this because it can be connected to Uniswap exchange which means if I have Defi tokens I can simply exchange it there. Since this wallet is integrated under the Ethereum blockchain.

Exchanger

Binance

I used this exchanger for trading purposes, lately, I've been busy learning how to trade crypto coins. I first tried to do spot trading but now I am engaging in future trading. I am still learning how to read the chart properly but I already learned the basics and I am doing now live trading in Future using Isolated margin and leverage. If you are worrying it is still early to dive into future trading, don't worry I always listen to the advice which is “Start at a Little amount first”, I heard that from MicrogainStrategies and I followed it. I just started to do the live trading because trading in the demo is far from trading in actual. Lately, I've been good at my demo trading so I wanted to test if I can apply the learnings on actual. I will share my trading journey sooner, I am still observing and still learning so I can give accurate details to my report and so far I have winnings and not losing yet for now, I just started the other day 🙈

Coinbase

I have Coinbase, I downloaded it at first for making it as my payout channel in Bling games. Bling games will pay you for playing their games via BTC, but it's too low you have to accumulate a lot of points plus the fact that BTC is a bitch in transaction fees. So I am not playing it for now, but I still have both the app. Maybe I can use Coinbase later on. They have some earning opportunity there but my account isn't verified yet so I am not yet eligible, I am still waiting for their email if I qualify.

Uphold Wallet

I am not sure if Uphold is an exchanger or a wallet since they also have a trading platform but I don't have the keys so maybe it's an exchanger? lol. I am not sure since I only open it for my BAT earnings in Brave browser, and I just verified it yesterday. If you want to know more about Brave browser read it, Earn passive Income through BRAVE Browser.

Stormgain

I used this exchanger for their demo trading platform and of course to avail of their free mining. I know this through @bmcj98 because it's where she started her trading journey. I will also try to trade there if I accumulate $10 from their mining.

Bityard

Well, I never heard of this before not until Publish0x held a writing contest about it. At first, I don't have an interest to join the writing contest because I don't know about it at all, and the writing contest should be about what you can say on the said exchanger. Then, I saw somebody post it here on read cash with his link so I signed up and I find it amazing. Same as Stormgain they also have demo accounts and mining but Bityard is way awesome because it has a lot of perks or bonuses plus their cool feature of copy trading. If I learned enough about trading I will also try to trade there. Want to know more about bityard? Read it, Bityard is All In One Cryptocurrency Exchanger.

Why I started my Future trading on Binance not in Stormgain or in Bityard?

Well, I practice in Stormgain and Bityard in their demo trading but still, I go for Binance for live trading because it has a lot of chart indicators which are the MA, EMA, BOLL, MACD, RSI, VOL, KDJ, and so on. Stormgain and Bityard don't have it because they are way simpler than Binance.

Lending Platform

As for now, I only have NEXO for lending some of my coins to gain some profit out of it. But I will try to explore more about lending and staking platform if I have enough funds already. Want to read about nexo? Staking/Lending Review on NEXO.

@Eybyoung

I always heard “Don't put all your eggs in one basket ” which means do not put all your funds in one place so if ever there's something happens to the wallet or platform where you invested your money, you will not lose all of it in a snap. For example hacking or Bankruptcy.

I always believed in that, but the problem is I have a lot of baskets but I don't have many eggs yet lol 😂🙈

All images are from Google