Which Wallet?! THE ULTIMATE CRYPTO COIN QUESTION. Answered Mega Quickly!

in #cryptocurrency7 years ago (edited)

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If you're new to cryptocurrency, and Steemit then you may be uncertain how to store your money safely. Of course your Steemit account comes with a Wallet, but what if you want to move your rewards into other coins? Or what if you have great british queens head papers, or dollar$, and you want to invest them into something smarter, that will actually grow in value, without the govern-mind governing your money? Well, get over feeling daunted and confused coz @sebcam is here to explain the very first simple step you will wanna take. You're gonna need a Wallet, to put your money in.

I've already written about these guys...

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Vaultoro - https://www.vaultoro.com

You can read what I wrote and watch the video, by clicking here they are the most secure and safe Wallet I know of. This is the most simple straight forward secure option, just enter email & password, stick some money in there and do nothing much more than watch it grow to $70,000 per Bitcoin : ) Consider this your "savings".

After all that, if you're still feeling adventurous, and want to invest in other coins, other than Bitcoin, sign up for this Wallet...

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Bittrex - https://bittrex.com

Opening a Bittrex Wallet with these guys will open up the whole world of "all the coins" in existence! It's one Wallet, which will store ALL types of coins, with news updates on the homepage as new coins are released and trending.

It's an exchange, think of it like a currency bureau de change. And they link very well with Steemit; enabling you to transfer your STEEM or SDB into your Bittrex Wallet. They have an account on steemit, @bittrex

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My only warning and concern with any trading exchanges is sometimes an exchange goes down, closed by the FBIIII, or something happens beyond our control & you cannot access your do$h, which would be heart breaking. It's a bit of a gamble. Be aware of this. Many people lost all their money when Mount Gox (an exchange) disappeared, with everyone's Wallets. We never know. So I suggest using these for trading, and then move your "savings" somewhere safe. The advice is "dont keep your money in exchanges", it's like trusting the bureau de change on the local high street corner to always be there.

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There is always the option to export your Bitcoins as paper codes and also store them yourself, and/or USB harddrives like the Ledger Wallet. I will share more info on this later. For now, just signing up a Wallet is a huge step in the right direction if you're new to all this "online currency", it will take less than 5 minutes, and dissolves the confusion-illusion for you.

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If you're still baffled by bitcoins, blockchains, forks, mining and all these computers generating value out of thin air, fear not. Before we ride a rollercoaster, or an airplane, we do not "have to" understand the detailed engineering that makes it work. We don't even have to read the instructions. If we had to understand how everything worked, before we did it, we would never do it. Im not sure Alton Towers or Six Flags would be as much fun either. Please watch this video from my mate Mark, he explains it rather effortlessly, so even my Mum can understand! He is here on Steemit too, and his user name is @Waykiwayki and I suggest you go Follow him.
(WAKEY WAKEY!!! ;)
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Step 1. Do what u LOVE. Do what EXCITES you.
Step 2. Share with Steemit to monetize Dream$.
Step 3. Remember BOREDOM is the Enemy...
(NOT some abstract "failure")

FOLLOW my Steemit Friends:

@samstonehill, @kenistyles @iamjamie, @ned, @firepower, @heimindanger, @xaero1, @aggroed, @ausbitbank, @blueorgy, @clayop, @curie, @thecryptodrive, @followbtcnews, @furion, @fyrst-witness, @good-karma, @gtg, @jerrybanfield, @klye, @krnel, @pfunk, @pharesim, @jesta, @blocktrades, @someguy123, @teamsteem, @themarkymark, @timcliff, @dannyshine, @jockey, @chron, @tedcarr, @acidyo, @waykiwayki, @ravegirl, @shonariver, @daio, @budgetbucketlist, @ballinconscious, @the-alien, @darthvegan, @lukewearechange, @jrcornel, @donkeypong, @damarth, @doitvoluntarily, @cryptohustlin, @originalworks, @stephenkendal, @sirwinchester

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Nice write up. There are a tons more wallets that can be used like Trezor.

Yeah, "I'll get to that"... don't wanna confuse the newbies who cant even sign up with an email..... yet ;)

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