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Digital Wallets Made Simple

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Manage episode 321204450 series 3318552
Content provided by Mark Savant & Dr. JC Doornick, Mark Savant, and Dr. JC Doornick. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Savant & Dr. JC Doornick, Mark Savant, and Dr. JC Doornick or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The beauty of crypto and NFTs is they don't require bank accounts. So if this is the case, where do you save your assets? In a digital wallet.
A digital wallet is an app that allows cryptocurrency holders to store and retrieve their digital assets. When a user acquires cryptocurrency (or NFT), you store it in a wallet. You then can make transactions, such as the purchasing a NFT.
There are Hot and Cold wallets. Both with pros and cons.
A hot wallet lives online and makes it easier to transact with others, but it is less secure. A cold wallet lives offline (similar to a USB drive), which makes it more secure, but more difficult to transfer to others.
Regardless, in order to transact with a blockchain, you'll need to understand some basic wallet concepts. That's what this episode is all about!
Topics:
➡️ What is a cryptocurrency wallet?
➡️ Do you need one and why?
➡️ Is my cryptocurrency safer in a wallet then not?
➡️ What is the difference between a hot and cold wallet?
➡️ If I move my Cryptocurrency to a wallet, what's the cost?
➡️ How do I connect my wallet to an NFT marketplace?
Get your FREE NFT Cheat sheet
👉 www.nftsmadesimple.com 👈
This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

  continue reading

47 episodes

Artwork

Digital Wallets Made Simple

NFTs Made Simple

12 subscribers

published

iconShare
 
Manage episode 321204450 series 3318552
Content provided by Mark Savant & Dr. JC Doornick, Mark Savant, and Dr. JC Doornick. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Savant & Dr. JC Doornick, Mark Savant, and Dr. JC Doornick or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The beauty of crypto and NFTs is they don't require bank accounts. So if this is the case, where do you save your assets? In a digital wallet.
A digital wallet is an app that allows cryptocurrency holders to store and retrieve their digital assets. When a user acquires cryptocurrency (or NFT), you store it in a wallet. You then can make transactions, such as the purchasing a NFT.
There are Hot and Cold wallets. Both with pros and cons.
A hot wallet lives online and makes it easier to transact with others, but it is less secure. A cold wallet lives offline (similar to a USB drive), which makes it more secure, but more difficult to transfer to others.
Regardless, in order to transact with a blockchain, you'll need to understand some basic wallet concepts. That's what this episode is all about!
Topics:
➡️ What is a cryptocurrency wallet?
➡️ Do you need one and why?
➡️ Is my cryptocurrency safer in a wallet then not?
➡️ What is the difference between a hot and cold wallet?
➡️ If I move my Cryptocurrency to a wallet, what's the cost?
➡️ How do I connect my wallet to an NFT marketplace?
Get your FREE NFT Cheat sheet
👉 www.nftsmadesimple.com 👈
This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!

  continue reading

47 episodes

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