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Welcome to Episode 5 of the Crypto 101 series. In Episode 4, we covered investing in crypto using the FTX exchange. Now that you’ve learned how to purchase and trade crypto on a centralized exchange, and are now a proud crypto owner, you need a place to store your coins or tokens. I know what you’re probably thinking right now. “My crypto is already in my wallet on the exchange, right?” Wrong: While the exchange owes you the amount displayed in your account, technically, you have no possession of your coins.
This is where crypto wallets come into play – which has to be protected, guarded, cared for, and looked after as if your life depended on it. So what exactly are crypto wallets, and how are they used? That is the main focus of this video.
#nft #ethereum #defi #blockchain #crypto #cryptocurrency #bitcoin #btc #eth #news #protocols #sidechain #altcoin #nftmarketplace #opensea #cryptoart #protocol #altcoins #nonfungibletoken #dao #sidechain #layer2 #erc20 #erc-20 #token #coin
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
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