What you need to know about crypto wallets, simplified 👇.
👜 Your crypto wallet is NOT like the wallet you carry your credit cards in – it’s digital and the proof that you in fact own those shiny digital coins.
🔑 When setting your wallet up, you will be given both a public and private key – your public is your wallet address, for transactional purposes, your private is for YOU and only you.
❌ NEVER share your private key.
👀 To keep your wallet safe, you need to understand the difference between hot and cold wallets.
🔥 Your hot wallet is online only – which means it can in fact be hacked (but for your sake lets hope not).
❄️ Your cold wallet is something which is offline, therefore anything from a pen and paper to a thumb drive (it disconnects from the metaverse and internet – therefore it’s cold).
🤫 Trust nobody.
Quick pointer; When getting started in the crypto verse, you will need to set yourself up with a wallet before connecting yourself to any platform.
Let us know what else you’re keen to understand about crypto or NFTs 👇