sunnyego
New member
CRYPTOCURRENCY WALLETS
Wallets are applications that are used to store cryptocurrencies.
There basically two types of wallets
1) Software wallet
2) Hardware wallet
Software wallets are divided into two; the exchange wallets and the private wallets.
The exchange wallets are those ones that trades crypto that is the buy and sell cryptocurrencies. Examples are binance, roqqu, busha, coinbase etc but the private wallet are particularly those wallets that are used to store coins and they are very safe.
Hardware wallets are devices that can also be used to store coins, just as we store things with our Flash drive. Examples are Ledger Nano, trezor T etc.
Trust wallet is a perfect example of a private wallet, others include
Klever Wallet, safepal etc.
It is good to store your coins in a private wallet because there's no third party involved so your Cryptos are 100% safe in a private wallet.
But it's quite risky leaving your Cryptos in an exchanger wallets... They could get hacked or frozen... So take note.
Subsequently we move to the trading part of cryptocurrency as well other scope in the Crypto space
Crypto has actually moved from period where you have to wait for a long period of time before it profits you
Wallets are applications that are used to store cryptocurrencies.
There basically two types of wallets
1) Software wallet
2) Hardware wallet
Software wallets are divided into two; the exchange wallets and the private wallets.
The exchange wallets are those ones that trades crypto that is the buy and sell cryptocurrencies. Examples are binance, roqqu, busha, coinbase etc but the private wallet are particularly those wallets that are used to store coins and they are very safe.
Hardware wallets are devices that can also be used to store coins, just as we store things with our Flash drive. Examples are Ledger Nano, trezor T etc.
Trust wallet is a perfect example of a private wallet, others include
Klever Wallet, safepal etc.
It is good to store your coins in a private wallet because there's no third party involved so your Cryptos are 100% safe in a private wallet.
But it's quite risky leaving your Cryptos in an exchanger wallets... They could get hacked or frozen... So take note.
Subsequently we move to the trading part of cryptocurrency as well other scope in the Crypto space
Crypto has actually moved from period where you have to wait for a long period of time before it profits you
