Understanding And Choosing Cryptocurrency Wallets

A beginners guide to why there are so many cryptocurrency wallets and explaining the differences

What you'll learn

Understand why there are different types of crypto wallets

Learn about Bitcoin-only wallets

Understand Ethereum-based wallets

Gain an understanding of multi-crypto wallets

Lean what secure storage wallets are

How sending and receiving cryptocurrency works

Requirements

No experience needed, just approach with an open mind and you will learn everything you need to know.

Basic Computer Literacy: Familiarity with using a computer or smartphone.

Internet Access: A stable internet connection to access course materials and perform transactions.

This course is designed for absolute beginners, but experienced users will also find valuable insights.

Description

Entering the crypto space can be as disorientating as travelling to a foreign country. Everything feels different, and most importantly, everyone speaks a different language. Two related phrases newcomers are likely to hear and certain to be confused by, are hard wallets and cold storage. They may have a very unfamiliar ring but they relate to something that everyone should immediately understand - safely storing your wealth.Wallets in the traditional sense were originally designed to make carrying banknotes more convenient. Before the use of banknotes, their predecessor was the purse, designed to carry coins.As spending behaviour moved from cash to digital money, physical wallets more commonly carried the tools that connect us to our digital money - bank cards.But the term evolved to also describe software applications - eWallets like Paypal or Venmo or bank apps - that allow us to access and move money in digital form only.So wallets are really just a means to an end. They are a convenient method to store our wealth and enable us to spend it. There are other methods of storing wealth, which are less convenient, but more secure. Like a bank deposit box, a safe or a piggy bank.All methods of storing wealth are a trade-off between those two elements - security and convenience - and cryptocurrency is no different in that respect.Every good teacher will understand the importance of making any new idea relatable. In other words, using something the student already knows as a bridge to a new piece of knowledge.Though crypto can at times feel completely alien, there are many elements that are relatable to how we manage traditional money. Starting with wallets.  A crypto wallet is a device for storing, sending and receiving cryptocurrency.Everyone should know what a crypto wallet is and we are here to help you learn!

Overview

Section 1: What is a crypto wallet?

Lecture 1 Learn to use crypto wallets

Lecture 2 How public and private keys revolutionise transactions for crypto

Lecture 3 How sending and receiving cryptocurrency works

Lecture 4 Sending crypto example with Ethereum

Lecture 5 Basic Dos and Don'ts when sending and receiving cryptocurrency

Section 2: Choosing the right cryptocurrency wallet

Lecture 6 Different types of crypto wallet introduction

Lecture 7 Crypto wallets - how to choose

Lecture 8 The first type of crypto wallets we'll look at only support Bitcoin.

Lecture 9 Ethereum Based Wallets

Lecture 10 Multi-crypto wallets

Lecture 11 The what and why of secure storage wallets

Lecture 12 How crypto wallets have changed over time

Section 3: How to keep your crypto secure.

Lecture 13 Practise cautious behaviour online

Lecture 14 Back it up

Lecture 15 Use protection

Crypto Newbies: Individuals who are completely new to the world of cryptocurrencies and want to learn how to use crypto wallets from scratch.,Investors: Those who are looking to invest in cryptocurrencies and need to learn how to securely store and manage their investments.,Tech Enthusiasts: People who are interested in exploring new technologies and want to understand how to manage digital assets.