The Crypto Quest

Where do you actually have crypto? Where is it held and how does it move? The answer is Wallets! Here we'll explore the different types of wallets and how to make some. Remember from the cheat sheet I posted that a crypto wallet is similar to a physical wallet in that it holds your currency, but unlike a physical wallet that can hold multiple currencies all at once, Cryptocurrency wallets can only hold the currency they are designed for. If you send coins the wallet can not take, they are gone forever . For example, if you try to send Bitcoin to an Ethereum wallet, the coins will go into the abyss. There are several different styles of wallets with their own individual pros and cons. Also from the cheat sheet, I go over public and private keys and addresses, make sure you understand those (especially private keys) before tackling wallets! It's also a good habit to practice sending small amounts with new wallets until you get the hang of it. To start, wallets are d...

Today I'm going to show you what a friend taught me about how to use some easy tools to buy Bitcoin and some altcoins WITH NO FEES! You're probably already using most of these tools anyways! At this point, you should at least be familiar with wallets, addresses, and exchanges. If not, Check out my blog post on Crypto Vocab Basics to get familiar. Until then, you begin the process with Coinbase, the most popular Bitcoin exchange. If you're not already on Coinbase, they have a free Bitcoin incentive if you use this link! This is just a referral link that will support us both with $10 in bonus Bitcoin when you spend your first $100 (instant 10% return), and to let me know that you appreciate learning the fee-free way of doing things! Probably a good time for a note: ALWAYS check the URL when you click on a link and make sure that you are securely connected with "https://" in the address bar. Get some practice making sure everything is accurate! For more sec...