Crypto 101: How To Use A Crypto Wallet (Episode 5)

 

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Welcome to Episode 5 of the Crypto 101 series. In Episode 4, we covered investing in crypto using the FTX exchange. Now that you’ve learned how to purchase and trade crypto on a centralized exchange, and are now a proud crypto owner, you need a place to store your coins or tokens. I know what you’re probably thinking right now. “My crypto is already in my wallet on the exchange, right?” Wrong: While the exchange owes you the amount displayed in your account, technically, you have no possession of your coins.

This is where crypto wallets come into play – which has to be protected, guarded, cared for, and looked after as if your life depended on it. So what exactly are crypto wallets, and how are they used? That is the main focus of this video.

#nft #ethereum #defi #blockchain #crypto #cryptocurrency #bitcoin #btc #eth #news #protocols #sidechain #altcoin #nftmarketplace #opensea #cryptoart #protocol #altcoins #nonfungibletoken #dao #sidechain #layer2 #erc20 #erc-20 #token #coin

DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR

Crypto 101: How To Use A Crypto Wallet (Episode 5)

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Created by Sara Bauer and Richard Abermann

12 comments

  1. As a dedicated long-term subscriber I love the informative content format for helping us understand wallets and emphasizing the importance of securing your crypto. Thank you Ellio, great idea to focus on education during the bear market.

  2. Hey @elliotrades! Got into fantom blockchain and other layer 1s because of your videos. Can you cover SuperNova Token? $SNT. Want to know your thoughts on this layer 1 as well

  3. Hi Ellio, could you please explain how to store tokens like PYR and other gaming crypto in nano ledger if it does not support such tokens? That would be awesome…

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