Cryptocurrency Wallets Course: Secure Your Cryptos Safely

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, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps like Coinbase Wallet, 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 like Coinbase.

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 as digital money it 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 any 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. (Because your private info is online, your protection against hackers is only as good as your wallet provider’s security – so make sure you look for features like two-factor verification.)

As Cryptocurrency becomes more popular, from 2017 onwards, it becomes under greater threat from hackers. Every day there is another attack on an individuals holdings, and it’s imperative you know your options to prevent similar happening to you. Cryptocurrency is where the money is, and yet the infrastructure is not yet strong enough to keep you and your money 100% secure from threats and attacks.

In this course, I will be providing a full and thorough guide to the four main Cryptocurrency wallets – Paper, Desktop, Mobile and Hardware wallets.

You will learn:

• Everything you need to know about Wallets and how they work
• What the benefits and risks of each wallet type are
• How to create each of the wallets
• How to send and receive money from the wallets