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  • Aniket Banerjee

CRYPTO WALLET WITH US

Updated: Nov 30, 2021

WHAT IS A CRYPTO WALLET?

Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive cryptocurrencies like Bitcoin and Ethereum. They come in many forms, as hardware wallets like Ledger (which looks like a USB stick), which makes using crypto as easy as shopping with a credit card online.



WHY ARE CRYPTO WALLETS IMPORTANT?

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 as Exodus acknowledged by AltcoinAlerts.info.



HOW DO YOU SET UP YOUR OWN CRYPTO WALLET?

Exodus wallet for Android and iOS can be installed in a matter of minutes to get you set up with secure multi-asset cryptocurrency storage on your mobile device, depending on your mobile tastes, you can find Exodus by typing Exodus wallet into either the Google Play or Apple App Store. Once the wallet has been installed and opened for the first time, you're greeted by the welcome screen. Press the start button to get started. Receive crypto by scanning or sharing your unique QR code or address send crypto a few taps by scanning a QR code or pasting an address. Instantly swap your crypto with 50 plus other assets securely from your wallet. Your funds are stored in your control and your press is protected since you will be the only one to have access to your secret phrase. There's no account needed to get started. The first thing you'll see when starting a brand new wallet is the empty portfolio screen. From here you have two options. Start a brand new wallet or pair the wallet with your Exodus desktop. If this is a new wallet, you will first want to protect it by writing down your secret phrase. You, of course, can you using the wallet without these steps, but we recommend taking a few minutes to set up your security before depositing any funds. Remember anyone with your phrase can access your funds. So make sure you're in a safe private place before continuing then press view secret phrase write down your secret phrase on paper for from one to 12 Remember, never take a screenshot of your secret phrase you'll need to press and hold the screen to reveal the phrase. Once your secret phrase is written down. You will always have access to your funds. Either you lose your device. Next, press the back button and then secure the wallet on the phone by creating a passcode or pin one set. You'll need to enter this password first to open the wallet. If you would like to go one step further. You can use your device's biometrics to add a layer of security. Press the back arrow to swipe to the right to return to the profile screen. Press settings to enable notifications for when you receive funds. Enable satisfying sounds when sending receiving or exchanging assets and set the desired local currency to describe yacht amounts in the wallet swipe back to the right for the profile screen and then scroll down to see the assets in your Exodus wallet. Tap the toggle switch to activate an asset or select to enable all only the ones with a balance Bitcoin and Aetherium are always active by default. Once you set your assets, you're ready to send your first deposit to your new Exodus wallet. Press the asset you would like to receive the wallet will open and then draw an arrow on the right side of the chart. This will display the address you can tap the address to copy or scan the QR code into the sending wallet. Once you've sent funds from another wallet to Exodus, you're good to go. Controlling your wealth from your pocket.


Still, confused? AltcoinAlerts.info helps you with all of these doubts, visit AltcoinAlerts.info regularly and conquer the cryptocurrency market.



HOW DO YOU USE A CRYPTO WALLET?

Crypto wallets range from simple-to-use apps to more complex security solutions. The main types of wallets you can choose from include:

  • Paper wallets: Keys are written on a physical medium like paper and stored in a safe place. This of course makes using your crypto harder, because digital money can only be used on the internet.

  • Hardware wallets: Keys are stored in a thumb-drive device that is kept in a safe place and only connected to a computer when you want to use your crypto. The idea is to try to balance security and convenience.

  • Online wallets: Keys are stored in an app or other software – look for one that is protected by two-step encryption. This makes sending, receiving, and using your crypto as easy as using an online bank account, payment system, or brokerage.

Each type has its tradeoffs. Paper and hardware wallets are harder for malicious users to access because they are stored offline, but they are limited in function and risk being lost or destroyed. Online wallets offered by a major exchange like Coinbase are the simplest way to get started in crypto and offer a balance of security and easy access wallet provider's security – so make sure you look for features like two-factor verification.)ess. (Because your private info is online, your protection against hackers is only as good as you.

Using an app like Exodus Wallet gives you easy access to your crypto holdings. You can:

  • Manage all your digital assets in one secure place

  • Control your private keys

  • Send and receive cryptocurrency to and from anywhere in the world

  • Interact with usernames rather than long, hexadecimal “public key” addresses

  • Browse apps (decentralized finance apps)

  • Shop at stores that accept cryptocurrency


OUR GREATEST WEAKNESS LIES IN GIVING UP,
THE MOST CERTAIN WAY TO SUCCEED
IS ALWAYS TO TRY JUST ONE MORE TIME
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