What is a Crypto Wallets? Definition
Cryptocurrency Wallets is the safest way for all digital investor [ Cryptocurrency,] can use to protect their investment, meaning If you are serious about creating wealth with Cryptocurrency you CANNOT leave your digital assets on exchanges.
it is a must that you store and secure your crypto. Protecting your digital assets and validating your transactions should be done RIGHT! crypto wallet provides you with Key phrase and public key.
Always reminder, as Cryptocurrency Investor, your main duty or goal is to secure your investment by any means, to do so, you must learn everything before fomo in with your money to any digital investment.
Remember this phrase: NOT YOUR KEYS, NOT YOUR CYPTO!
Types of Cryptocurrency Wallet
The most common question that a lot of Cryptocurrencies investor be wondering is how many or what types of cryptocurrency wallets exist? well, at firstcryptoetf, we trying to break it down for better understanding, the answer to that question, is we got 2 type of Cryptocurrency wallet, you have software and hardware wallets, also called hot and cold storage.
What is a key phrase in Crypto Wallet
the key phrase in cryptocurrency wallets, simply defines as password given to investor to access their funds 24/7 when investor setting up a wallet, meaning the first time digital or cryptocurrency investor setting up a wallet, the software will automatically generate password, it called 24 -Word recovery phrase or Key phrase, the main goal of key phrase, first to identify who’s trying to access your investment also it help investor to recover their cryptocurrency in case of losing their wallet or cellphone been stolen.
What is a public Key in Crypto wallet
the public Key in cryptocurrency wallet is compare like home address, in order for your friend to come visit in your house, he or she will need your house address, well is the same way with cryptocurrency, public key, is a way of one investor to another buying selling and receiving funds, tokens, world wild 24/7
What is the Difference between Private Key and Public Key Cryptocurrency Wallet
The main difference between private key and public key Cryptocurrency wallet is, public key is considered like home address that you can share with anybody relative, meaning friends, family or someone you are doing business with it, but private key is considered like apartments key or house key, only you have access to your house or appartement.
Remember this phrase: NOT YOUR KEYS, NOT YOUR CYPTO!
Why is it important to have a Crypto Wallet?
The main goal for all digital investor or Cryptocurrency investor must have a Wallet, because is the smartest way to secure, buy, exchange, and grow your crypto assets securely and 24/7.
Does Your Crypto Can Grow in a Wallet?
the Answer to that question is yes, your Crypto can be stack to your wallet while holding your private key and Earn high APY from it, that is one of best way some cryptocurrency investors generate passive income by stacking their crypto via Wallet.
What is a Cold Wallet
The Cold wallet is the smartest way for Cryptocurrency investor to secure, buy, exchange, and grow their crypto assets offline, most of cold wallet stay offline.
Remember this phrase: NOT YOUR KEYS, NOT YOUR CYPTO!
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