What Is A Cryptocurrency “Wallet” Really?
Since this post Sunday afternoon, my number of Patrons on Patreon has shot up by about 40, now over 270. Quite a ride. So, I decided to really dig deep into security, because I think a lot of folks worry about that, with good reason.
And so, I cover the gamut of security options, from holding your cryptocurrency on an exchange or web server, to feature-rich software wallets on your computer and mobile devices, to hardware wallets, and to primitive but very secure paper wallets completely removed from computer and the internet, locked securely in a safe. I cover everything about what a cryptocurrency wallet is not (they’re not actually a “wallet,” really) to what they actually are.
Curious about Bitcoin and the cryptocurrency phenomenon? Then check out my Patreon Profile.
TL;DR: If you’re a newbie or ‘nobie’ and this goes over your head or makes it spin, no worries. You can still reap all the benefits of being in crypto with reasonable assurance that your investments are secure by following just a few simple security precautions I’ll outline at the end. And, by just going through those procedures and allowing epiphanies to sink in naturally over time, the following will become increasingly clear to you. Welcome to the frontier, settler!
[You can access the whole post here on Patreon.]
Latest Primary Resources:
- How To Trade Cryptocurrencies (updated regularly)
- My Real-Time Crypto Portfolio
- My Latest Trade Notice (as of the date of this post)
- The Community Board (where Patrons post)
WHAT IT'S ABOUT AND HOW IT WORKS
Free The Animal is an eclectic writing project about everything since November 2003. 23 years, 5,500 posts, 5 million words.
It's a paid membership blog. Most posts are free and public, but only paid members can comment. What determines whether it's free or paid is when I publish. Monday through Friday, free and public. Saturday and Sunday, for paid members. That's it. Membership info here.
Ok, I previously said I would pay a buck a month for your Patreon content. However, based on your recent click baits, I have increased this to $2.50 a month. This is still short of your $5.00 but closer nonetheless.
Oh shit! George Takei: 9news.com.au/world/2017/11/11/15/45/star-trek-actor-george-takei-accused-of-drugging-and-sexually-as…
Well, I had posted this to Facebook earlier yesterday, before hearing this latest news. I see he’s denying it.