Before I can start buying Bitcoin or Cryptocurrencies I will need a wallet? Why a wallet?... A wallet is like your bank account. You need to open a bank account first to put money in right? With cryptocurrencies you will need a wallet to put money in your wallet to purchase cryptocurrencies/cryptos/Bitcoin/other coins.
Remember NEVERnleave cryptocurrencies on an Exchange and ALWAYS put them in your wallet.
Reminder to me: Store Bitcoins/Cryptocurrencies offline away from Exchanges and off the Internet.
What kind of wallets are there and what kind will I need?...
These are the different kinds of wallets...
FYI: I signed up for several different types of wallets based on which coins I was looking to get.
NOTE to Self:
Wallets to Sign Up with...
These are wallets. I signed up with the different wallets because Bitcoin or the type of coins I could acquire using their wallet services.
Reminder to self: Purchase and keep my hard wallet / thumb drive near to backup up my wallet information and never leave it on the exchange.
Did I mention I think of my wallets as my personal bank account only I am now the bank and it is my responsibility of handling all the transactions and being responsible or knowing I could LOOSE EVERYTHING if I am not super careful and double check all my activity so I am not scammed.
I signed up with Coinbase. This is my 1st wallet to start with and purchase my cryptos. CLICK HERE
When I signed up with Coinbase there will was lots of information on cryptocurrencies and how to get started.
I signed up with Exodus as my second wallet because of the ease of use. Purchase your cryptocurrencies first before using Exodus. It is Very, very user friendly in my opinion with lots of features.
Credit Sources for information: Top 5 Best Cryptocurrency Wallets by Ameer Rosic
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