Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: Mahindra on March 16, 2021, 11:11:02 AM
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Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider like Coinbase.
Source: https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet
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"Not your Key, Not your Cryptos" - everyone should remember this as it's the main factor for using any type of wallet. Article about crypto wallet from coinbase is great for newbies, but i won't recommend others to use that as it's a custodial wallet. Best way to use hardware wallet to keep our crypto safe, IMHO.
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Crypto Wallet is very important for all of us who are connected with cryptocurrency. Because without a crypto wallet we can't accept or reject any tokens.There are various types of cryptocurrency wallets that people use today as a means of transacting. So cryptocurrency is very important for those who are connected to cryptocurrency.
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Cryptocurrencies wallets are most important and secured systems of researving cryptocurrencies. But when your wallets more secure then you can easily stores your cryptocurrencies as safety.
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Thank you so much brother for discussing the important aspects of crypto wallet with us in such a beautiful way. The crypto wallet of all of us who are connected to cryptocurrency plays a very important role. The subject is very useful for everyone.
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Private keys are the most important to protect because if we lose our private keys then we will lose access to our wallets and we will lose our money! But for me, I prefer using Trazor wallet and not Coinbase wallet.
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Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider like Coinbase.
Source: https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet
Of course, the importance of crypto wallet for working in cryptocurrency is immense.You cannot accept a token if you do not have a wallet.Suppose you join a bounty project where you work according to their rules then you are given a token. But if you do not have a wallet, you can receive those tokens So you need a wallet to work in cryptocurrency.
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Satisfaction wallet is very important for all of us who are connected with cryptocurrency. Because our cryptocurrencies are very good at keeping the tokens that we get from cryptocurrency.Plays an important role. That's why crypto wallets are so important.
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Crypto Wallet is very important for everyone related to crypto. We need a wallet when we receive tokens from an Airdrop or Bounty campaign. The wallet in which we receive the tokens is the crypto wallet. I think this wallet is a very important issue for everyone related to crypto. It is impossible to work in crypto-currency without crypto wallet.