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Blockchain and Cryptocurrency Basics - Wallet and Exchange Account Creation Process by chimzycash

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· @chimzycash ·
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Blockchain and Cryptocurrency Basics - Wallet and Exchange Account Creation Process
![image.png](https://cdn.steemitimages.com/DQmZsPGRigHCLCuA26GvS7mQtSYyeZ86sZUq4cZWm3SYMYt/image.png)
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### Creating a Dash Wallet
Dash is one of the top cryptocurrencies with great potential and I like it a lot. The amazing thing about dash is that is has its own wallet which increases the security and user trust. To create a dash wallet, it is important to visit the correct official dash website URL https://www.dash.org

![screenshot BG_random_1.jpg](https://cdn.steemitimages.com/DQmNb4JRNhh7fz4q1URcFrJzEF2YS2wcWyn9UNSLi47364d/screenshot%20BG_random_1.jpg)


I will choose to install it on my mobile device because of convenience. To do this, Click on get started menu and select downloads. You can scroll down and click on view all apps on the "get the app" section

![screenshot BG_random_2.jpg](https://cdn.steemitimages.com/DQmXXUoucvicnpfJu5tU7auLDdfphJ3SYdaR3EsB5zCyudK/screenshot%20BG_random_2.jpg)


The Next thing to do is to Select your preferred device type, I chose android for this installation

![screenshot BG_random_3.jpg](https://cdn.steemitimages.com/DQmXu2ZkBG1MNPTUKrLLV5zwAApMqyYCug6igTp8SdqUoMp/screenshot%20BG_random_3.jpg)


Click on google play download and visit google plat to download the dash wallet from the google play store. You can also choose to download the apk file directly to your mobile  device by clicking on download apk. I will choose google play because I prefer to download applications from google play store.

After the downloading is completed, it will install the wallet on your mobile device. After that is completed, begin the setup process.

![screenshot BG_random_4.jpg](https://cdn.steemitimages.com/DQmf4eAvXXEU4AnhpnS6MAKZmYkRQhg5qXFVfkdJdLuWhKc/screenshot%20BG_random_4.jpg)


![screenshot BG_random_5.jpg](https://cdn.steemitimages.com/DQmcoXewQCXorBofW6uHD7a35VZMnQTR3KVPjdvyqmWNr4A/screenshot%20BG_random_5.jpg)



Click on create a new wallet to begin the creating process, 

![screenshot BG_random_6.jpg](https://cdn.steemitimages.com/DQmeUg9VriTGQUowjfqWxiFxyix4iAaMRmAEYsfxZE7jUWp/screenshot%20BG_random_6.jpg)


Set up your 4 digit pin as You will be prompted to do so

![screenshot BG_random_7.jpg](https://cdn.steemitimages.com/DQmdwNM1ABziZQGq8NnzmJUxMnvd7DaQbnzPWhN8EDcha3j/screenshot%20BG_random_7.jpg)


click on the secure now button On the next screen, 

![screenshot BG_random_8.jpg](https://cdn.steemitimages.com/DQmYwtiUP63SpgG2eSuVHvjnDj9EhjeS5dLHMzsNvfmNc8r/screenshot%20BG_random_8.jpg)


reveal the recovery phrase by clicking on show recovery phrase. this is a very important step as it ensures security of your wallet

![screenshot BG_random_9.jpg](https://cdn.steemitimages.com/DQmZGhMw3FutvAtF4C9rRyZiK4QdjtcsAug6kzJRnXXFdCP/screenshot%20BG_random_9.jpg)


Write the recovery phrase securely and After writing that down, check on I wrote it down check circle on the next screen and continue.

![screenshot BG_random_10.jpg](https://cdn.steemitimages.com/DQmZvLu3v22jMSvGw9JBq3BhuVTzkoHpG6WxfEgJfihi4fD/screenshot%20BG_random_10.jpg)


erify your recovery phrase (seed phrase). Do this by selecting the correct recovery phrase words in their correct order individually

![screenshot BG_random_11.jpg](https://cdn.steemitimages.com/DQmdyFz6FeLw8xisCH7KDrU7CNYUC9pBbUXNBvGNUuY33vd/screenshot%20BG_random_11.jpg)


Done, your dash wallet is now created.

Complete, Input your pin to access your dash wallet.

![screenshot BG_random_12.jpg](https://cdn.steemitimages.com/DQmc7coXo35V7QftvLxprQDdfuMHWxkfT5ZQRjMzc5Gm4uD/screenshot%20BG_random_12.jpg)




### Creating an OKEX exchange account

I will be creating an account on OKEX exchange. OKEX is one of the top crypto exchange that allows users to trade a variety of cryptocurrency assets. I make use of Okex exchange a lot because of its amazing features and ease of use[.](https://steemit.com/hive-108451/@chimzycash/steemit-crypto-academy-season-3-week-1-post-for-allbert) Okex exchange is one of the top crypto exchange which means that there is a lot of volume and liquidity on the exchange which improves trading experience. Creating an account on Okex is very easy and straight forward and requires a few steps to do.

First, visit the okex exchange website and click on signup to begin the account creation process.

![Screenshot (3255).png](https://cdn.steemitimages.com/DQmXGFpubrxf1um1dRkKp1C44JcqUpex4UWDMdKf92bbxVs/Screenshot%20(3255).png)


The next page will show the sign up form where you will have to fill in the required details. I chose to use email to signup. I input my email and password and click on signup to complete the sign up process. A verification email was sent to the inbox, click on the verification link or button to verify your email and account. After that, the signup process is completed. You can now deposit funds into your Okex account to begin trading cryptocurrency assets.


![Screenshot (3256).png](https://cdn.steemitimages.com/DQmSwJcTorPEqXDYj2BzXa2UffPdtyKHmytKToiMcxESGdr/Screenshot%20(3256).png)

![Screenshot (3257).png](https://cdn.steemitimages.com/DQmW7uJUij6v4QicdcFv52GCgb9sff48b1YHZ6LgdSAVCby/Screenshot%20(3257).png)




To deposit funds into the OKEX account, login to OKEX your exchange account

Click on assets tab and select the deposits. You can deposit any cryptocurrency asset that is accepted. I We will be using USDT as it is a widely accepted stable coin that is good for trading

![Screenshot (3166).png](https://cdn.steemitimages.com/DQmXSUhZfWTnUYdK6W663ppyAcSWe7XGfBmaWGSkYpW2Ab4/Screenshot%20(3166).png)

![Screenshot (3167).png](https://cdn.steemitimages.com/DQmcS6p62GNP8qwsAQsyuZAVJtarYZEmUVBoYuHM58NMwP4/Screenshot%20(3167).png)


Choose the preferred blockchain network to deposit the USDT. Tron blockchain network is my choice because of speed and low fees

![Screenshot (3168).png](https://cdn.steemitimages.com/DQmR7Xsq8hhhMVRt8rShXtDNeoZsyF1MFLUjZCmBwTfXEWB/Screenshot%20(3168).png)

![Screenshot (3169).png](https://cdn.steemitimages.com/DQmPy4qd1WVT1boG9jipAtcrs9bGzCg2oKC62zdfN91oygb/Screenshot%20(3169).png)


After the USDT fund deposit is completed, You can now start trading on the exchange or make use of other financial services and features of the OKEX exchange.



### Conclusion
Wallets and exchanges are very important aspects in the blockchain and cryptocurrency space and they both play a major role. They both have their uses and benefits. Depending on the operation, wallets and exchanges have their pros and cons. A wallet is mostly storing of cryptocurrency assets and also sending and receiving of cryptocurrency assets from one wallet to another wallet. A wallet provides users with private keys or seed phrase which gives users the full control of their cryptocurrency assets. An exchange is mostly trading of cryptocurrency assets and exchanging or swapping from one cryptocurrency assets to another cryptocurrency assets. A wallet and exchange have their benefits, pros and cons. For holding cryptocurrency assets, wallet is better, for trading cryptocurrency assets, exchange is better.



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