HOT AND COLD WALLET SIMPLIFY: STEP BY STEP BEGINNERS GUIDE TO CHOOSE THE BEST CRYPTO WALLETS

WELCOME TO THE CHANNEL IN THIS EPISODE I WILL COVER CRYPTOCURRENCY WALLETS. WHY IS IT IMPORTANT? WELL, YOU SEE LET'S SAY YOU HAVE BOUGHT SOME BITCOIN OR SEVERAL OTHER CRYPTOS FROM AN EXCHANGE YOUR CRYPTOS ARE VULNERABLE TO HACKERS. YES, YOU HEARD ME. MEANING YOUR ASSET IS NOT SECURE IN ANY EXCHANGE AND THIS IS WHY THIS VIDEO IS IMPORTANT I WILL DO MY BEST TO BREAK IT DOWN I MEAN I WILL SHOW YOU SOME OF THE RELIABLE AND SECURE WALLETS AND THE STEPS TO TAKE TO SECURE YOUR BITCOIN AND CRYPTOS
Meanwhile, before I soldier on do not confuse digital wallets for cryptocurrencies wallets because many often think they are the same thing. Digital wallets are online payment tools, usually in the form of an app. The wallet securely stores virtual versions of debit and credit cards, so you don't need to enter your card details or carry a physical card at all to make payments. And Cryptocurrency digital wallet is a software program that stores private and public keys and interacts with various blockchains to enable users to send and receive digital currency and monitor their balance. Essentially crypto wallet does not exist in a physical location, rather cryptocurrency activities like transactions are all embedded in blockchain technology. And a Blockchain is a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems. it is immutable and very secure, Meaning it is a decentralised ledger of all transactions across a peer-to-peer network
That said, now let us examine how the crypto wallet works, in doing so let me explain the principle or mechanism of a cryptocurrencies wallet
Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchains so users can monitor their balance, send money and conduct other operations. How? okay let me explain