Category: 2. Security ,Wallets and Keys

Though it may seem like there is a lot of information to digest around securing and storing your crypto, the most common route for beginners is as follows: Download a non-custodial mobile wallet, putting you in control Get comfortable with backing up your Seed Open a separate web wallet via an Exchange Move funds between…

A hard wallet is a physical device that connects to a computer via USB and runs a software application within a Dashboard.. Hard wallets are non-custodial by default – you manage your private keys via a Seed. They provide the best security because most of the time they are offline, so cannot be hacked. If…

Mobile A mobile wallet is the direct crypto equivalent of an App. It  allows you to manage your crypto on your smartphone. If you search the Apple Store or Google Play Store you’ll find a huge number listed, differing in their design and features, but the approach to custody is the key distinction (introduced above).…

A crypto wallet is a device for storing, sending and receiving cryptocurrency. Let’s look at one. You’ll notice the wallet has some familiar features like a balance, currency symbols and the ability to Send/Receive funds via addresses – which we introduced earlier.  They are long alphanumeric strings, but for convenience there is usually a copy/paste…

Access Tools The  equivalent of your banking App or online account is a crypto wallet, that you can access on your laptop or smartphone. The different varieties are listed below. Access Credentials The credential that proves ownership of crypto funds associated with an address is called a Private Key, which can be stored in a wallet. It is…

To understand what cryptocurrency storage really means, let’s look at what you are used to and draw some useful comparisons: Digital banking Access Tools Your banking App/online account are tools to access your money. They don’t actually store any money, but are a representation of the amount of money your bank holds on your behalf. …

As already described, cryptocurrency is a new type of money, and like any other money, your top priority is keeping it safe. With the money you are familiar with there are a couple of ways of looking after it. Look after it yourself  Trust someone else to look after it on your behalf Option 1…

Storing & securing your crypto What you’ll learn How to store & secure your crypto What crypto storage really means What a Private key & Seed is Introduction to crypto wallets Cryptocurrency is a new form of internet money which you can spend and exchange like the money you are used to. It is also…