Choosing a Crypto Wallet... Understanding the differences. (Exchange, Software, Hardware, Full Node)

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Published May 6, 2020

Hardware Wallet Comparisons: https://cryptoguide.tips/hardware-wallet-comparisons/
Get Started on Coinbase: CoinBase: https://www.coinbase.com/join/5691c9d0a4c3a05dfa000151
Boost your security with a Ledger Nano X: https://shop.ledger.com/pages/ledger-nano-x?r=5243ecbb8427

A deep dive in to different types of crypto wallets, from exchanges like coinbase, crypto.com, binance and kraken, scams (cloud token wallet, plus token, stakedwallet) light wallets (software wallets like coinomi, jaxx, exodus, myetherwallet, edge, electrum) hardware wallets (ledger, trezor, keepkey, coldcard) and full nodes... (bitcoin core) Looking at what it means to control your own keys, to be able to verify your own balance. What are you taking responsibility for and what are you trusting someone else with? (To what extent are you prepared to be your own bank) Cryptocurrencies like Bitcoin, Ethereum, etc, are hard. Avoid the scams, stay safe, stay secure.

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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For Trading, just start with Binance: https://www.binance.com/?ref=18111926

By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: https://shop.ledger.com?r=5243ecbb8427
(If you are just starting out, I would just recommend a Ledger Nano S)

If this was helpful, feel free to send me a tip:
BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi
BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah
LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6
ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17
VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n
ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7

#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security