March 2019
Intermediate to advanced
352 pages
8h 24m
English
Content preview from Cryptocurrency Investing For Dummies
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Chapter 7
Using Cryptocurrency Wallets
IN THIS CHAPTER
Understanding how crypto wallets work
Distinguishing different types of crypto wallets
Selecting the best crypto wallet for you
Upping the security on your crypto wallet
A traditional wallet is where you keep your valuable personal items such as cash, credit cards, and identification cards. But now that you’re using the most advanced, futuristic form of money (cryptos, baby!), you’re gonna need a brand-new type of wallet to go with it: a cryptocurrency wallet.
With a cryptocurrency wallet, you can not only store the value of your digital money but also send and receive currencies. Additionally, you can monitor your balance the way you’d do with your banking account. In this chapter, I walk you step-by-step through understanding and choosing your very first cryptocurrency wallet.
Defining Cryptocurrency Wallets
A cryptocurrency wallet is a software program that helps you manage your digital money. Though you may be the type of person who doesn’t like to carry around traditional wallets and would rather put your cash and credit ...
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