Episode 6: Cryptocurrency Wallets


Manage episode 206218958 series 2167982
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

How do I choose a cryptocurrency walloet?

In this Episode I talk about

  • Terms and Definitions to understand crypto wallets
    • Public vs. Private Keys
    • Public key vs. Addresses
    • Mnemonic Device/Recover seeds
    • Hot vs. Cold Wallet
    • Custodial vs. Non Custodial Wallets
  • Mobile (app based) lite wallets
  • Hardware wallets
  • Multi-signature wallets
  • Paper Wallets
    • How to set up a bitcoin paper wallet
  • Best practices for keeping your private keys safe


My first wallets were the bitcoin and litecoin desktop wallets. You can still download these and they function fine, they do however look all the part of a function over design 2013 wallet 🙂

In 2013 there was no commercial hardware wallet available, trezor was crowdfunding and finally launched in 2014. If you had any significant amount of any cryptocurrency you would hold it in a paper wallet. Paper wallets are still the gold standard as far as “near to perfect” security is concerned however a hardware wallet is the next best thing if you are unwilling to take the necessary precautions to ensure the safety of your funds.

Remember that Crypto is about YOU being in charge of your wealth.

If you have any comments or suggestions please do so via social media, which can see below or Click Here.

If you would like to support me please click here to find out how or just do your amazon shopping through this link. Costs you nothing, but helps keep the lights on and my coffee cup filled.

Listen to Stitcher

The post Episode 6: Cryptocurrency Wallets appeared first on .

12 episodes available. A new episode about every 15 days averaging 45 mins duration .