Getting Started in Crypto Currency Lesson 1: Wallets

Getting Started in Crypto Currency Lesson 1: Wallets

By BlockchainJane | BlockchainJane Blog | 14 Sep 2020


Crypto currency is a form of asset that is created digitally through algorithms. These algorithms run on a system called the blockchain. To store your crypto currency, you need a wallet. A wallet is exactly what it sounds like somewhere to store your currency. In this case it is a digital asset of some sort.  

Starting off you need at least 2 wallets. The reason for this approach is because Hackers are constantly out to steal your assets so you need to devise a way to keep them safe. One wallet for transactions and one for storage.  The first wallet I use is guarda.com. This is my online transaction wallet. I like this wallet because I can use it on my computer or cell phone, so I can access it regarding what device I am making my transactions on. If I want to buy something, I transfer the coins needed to this wallet. If I am using a faucet or retrieving my coins from mining, I use this wallet. My storage wallet is Nexo Bank https://bit.ly/3233yrf . The reason I use Nexo is because I can earn interest on my assets up to 10% and I hold Nexo tokens which earn 30%, interest compounds daily so that is some great earnings. Now that you have learned about wallets, I suggest you go and take a look at them So you will be ready to start earning with tomorrows lesson. Go download guarda.com to your devices and take a look around at how it works. Same thing, with Nexo go take a look at how it operates. 


BlockchainJane
BlockchainJane

Hey everybody I am here to introduce Cryptocurrency and Blockchain to the newbies. I have been earning and learning for a couple years now and think I can get away with talking about it and sharing my knowledge.


BlockchainJane Blog
BlockchainJane Blog

Hey everybody I am here to introduce Cryptocurrency and Blockchain to the newbies. I have been earning and learning for a couple years now and think I can get away with talking about it and sharing my knowledge. I spend most of my days interacting with other crypto enthusiast and finding alternative ways to earn cryptocurrency. I like eating good food, spending time with good people, nature, and most of all earning free crypto.

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