Most important elements in choosing a crypto wallet for yourself

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Avatar for Debotri
3 years ago

The most important roles that you should follow in choosing your personal crypto wallet are many in numbers so I will explain it to you step by step.

As a beginner in this field you may have a little problems that is about choosing crypto wallet where you can store your crypto currency safe.

What is a wallet?

Wallet is a place where you can store your crypto currency safely. Wallets are of mainly two types software wallets and hardware wallets. In hardware wallets you may sorir your currency more safely than that of a software wallet. Because here the whole currency is stored not in online but in offline way. In the field of online we all know that there's many problems regarding money like scam or theft of money or crypto. So I will prefer you the hardware wallet most. There are many other wallets too like paper wallet, desktop wallet and mobile wallet.

Paper wallet- it is a document that contains public adrees and private keys. Public address is used for acceptance of bitcoins whereas the private keys are used for accessing bitcoins in that address.

Desktop wallet- it is a kind of wallets for those who install or download the wallet and storing their private keys in hard drive.

Mobile wallet- it is for those users of crypto who use the currency daily or frequently.

In case of securing your wallets you must follow-

Do not share your price keys to other.

Use multi factor authentication. This is a meeting in which you can keep your currency safe. Here you have to enter something like pin, password etc that you only know.

If you are choosing a crypto wallet make sure that the wallet is non- custodial.

Thank you to all.

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