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3. What is a Crypto Wallet?
Manage episode 316143843 series 3296131
In this episode, we talk through our experiences and the importance of having a crypto wallet. Tune in!
Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum.
Why are they so important?
Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe.
crypto wallet, blockchain, nft, cryptocurrency
13 에피소드
Manage episode 316143843 series 3296131
In this episode, we talk through our experiences and the importance of having a crypto wallet. Tune in!
Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum.
Why are they so important?
Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe.
crypto wallet, blockchain, nft, cryptocurrency
13 에피소드
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