THE BEST BITCOIN WALLET: How to store your Bitcoin and what's THE BEST cryptocurrency wallet for you

There's no best cryptocurrency wallet. It depends on your needs. Some are safer, others are more convenient.

Mobile and desktop wallets have medium security, medium ease of use, and are designed for medium-frequency of transactions.

A mobile wallet like Atomic or Exodus is enough to get started.
https://atomicwallet.io/
https://www.exodus.io/

Hardware wallets like the Ledger offer the best security, they are not as convenient to use as mobile wallets and they are designed for a low frequency of transactions. If you are serious about investing in cryptocurrencies, you should consider such a wallet.

Ledger Wallet: https://cryptogrubber.com/ledgerwallet
Trezor: https://cryptogrubber.com/trezor/

Web wallets are the lowest security of them all, they are the easiest to use and are designed for a high frequency of transactions.

Join Coinbase Exchange and get $10 of Free Bitcoin: https://cryptogrubber.com/coinbase

⏰ Time Stamps ⏰

0:33 What is a Bitcoin Wallet
3:03 Best cryptocurrency wallet
3:30 Cold Wallets
3:43 Hardware Wallets
4:52 Paper Wallets
5:30 Hot Wallets
6:10 Mobile/Desktop Wallets
7:14 How to install a cryptocurrency wallet on your phone
9:27 Cloud Wallets
10:22 Conclusion

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Just like regular money, cryptocurrencies need to be stored somewhere. No matter when you choose to store your coins, it’s called a wallet. And there are different types of wallets, for different needs.

Your coins are ‘deposited’ on the Blockchain. The Blockchain is the public database that keeps track of the balances and transactions between the Bitcoin users. And this database it’s not stored on one single computer, it’s on all the computers of the Bitcoin network.

To get access to this database, where your coins are stored, you need a username and password. They are actually called public and private keys. The public key is your Bitcoin address and you share it when you want to receive Bitcoin. The private key is your ‘password’ which allows you to spend your Bitcoin.

A cryptocurrency wallet will store the public and private keys for you and allow you to interact with your coins. So, there are no coins in your wallet, the wallet it’s the key to access your coins on the Blockchain. Even if you lose your Bitcoin wallet, your coins will be safe on the Blockchain, as long as you have backups of your wallet.

You should always have at least 2 backups of your wallets, in different, secure locations.

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???? I'm a cryptocurrency enthusiast and I can't wait until everyone will use this technology. With this channel, I'm doing my part of making it easy for beginners to get into Bitcoin. Hopefully, we'll also earn some nice money as this technology develops and earn our freedom from the greedy banks.

⚠️⚠️⚠️ Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing.

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