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)


Memberships are $10 monthly, $20 quarterly, or $65 annually. The cost of two premium coffees per month. Every membership helps finance the travel to write, photo, and film from interesting places and share the experiences with you.


  1. fearless on November 10, 2017 at 08:24

    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.

    • Richard Nikoley on November 11, 2017 at 06:49

      Well, I had posted this to Facebook earlier yesterday, before hearing this latest news. I see he’s denying it.

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