What cryptocurrency wallet should you use and how do you use it?
You should actually have several different types of cryptocurrency wallets based on how you plan on using your cryptocurrency. You should also consider having a software wallet, a hardware wallet, and possibly a paper wallet. As I was getting started using cryptocurrency, the topic of wallets were one of the most confusing topics for me. The technology and user experience with cryptocurrency wallets are rapidly evolving and knowing the differences can be confusing. Here are a few things I have learned about wallets that may be helpful for you.
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I started my journey with cryptocurrency a little over a year ago and quickly found myself asking: "How can I actually use my cryptocurrency?"
There are three ways you can use your cryptocurrency. 1) Peer to Peer Transactions. 2) Consumer Purchases. 3) Investments. Recently a friend and I decided we wanted to make a transaction using cryptocurrency instead of using traditional paper money. It was fun being on the the cutting edge of using digital money to make a transaction with each other. Read below to see step by step example of how a transaction done in person works.
Yes...Cryptocurrency will be mainstream. But Not For The Reasons You Think...
Take a quick look at all the news articles on this topic and you will find arguments for both sides of the coin. Some "top experts" believe cryptocurrencies, like Bitcoin, are a scam and are useless compared to paper money. Other "top experts" can't stop singing their praises. It's pretty exhausting, and that is exactly what I find most interesting about it. There is so much intense emotion from both points of view, which only validates that there is at least some legitimacy. Otherwise why all the fuss? In this article, I want to discuss why I believe cryptocurrency will be mainstream and why that matters for you. |
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