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Crypto Wallets
What are Crypto Wallets and how Coin Nerds can help you get started with using them, online or in person.
What is a crypto wallet?
A crypto wallet is a device that stores public and private keys for crypto transactions.
Crypto wallets are public addresses on the blockchain that is assigned to your private key, allowing you to send and receive cryptocurrencies (e.g., Bitcoin, Ethereum). These wallets can come in many forms from digital platforms to physical ones, like Trezor, empowering users to participate in the Web3.0 economy with security.
What to consider when selecting a wallet
Hot vs. Cold Wallets
Hot wallets keep the crypto you own on a public address within the blockchain which is tied to a private key. This means that your wallet is on a centralized online server, making it easy to use, but vulnerable to hacking and online attacks.
Cold wallets are kept entirely offline as they are physical. This might be less convenient but much more secure than online, hot wallets, and are good for keeping large amounts of crypto with the lowest risk of complications.
Format of the wallet
Paper wallets are a method of keeping track of your crypto by writing keys on physical platforms like paper and storing them in safe spaces. Though this can ensure a high level of security, it makes it much harder to actually use or move your crypto.
Online wallets keep your keys on a software application, often with some form of two-factor authentication and encryption services to protect your crypto. Still, this is not always safe because your information is on a centralized platform.
Hardware wallets are thumb-drive or USB-like, physical devices with passwords where you keep your crypto keys on, and only connect to computers when you use the crypto. This method strikes a balance between security and convenience, especially for clients trading high volumes of crypto.
How Coin Nerds can help with your wallet
We are there with you for every step. Our team at Coin Nerds prioritizes our clients’ security and comfort. We want you to make well informed decisions. Get started with us to receive step-by-step guidance on the phone or in-person with your crypto wallet.
Buy a modern, secure, and verified hardware wallet through us. Coin Nerds is a authorized reseller of one of the most advance crypto hardware wallets on the market, Trezor.
Certified Reseller
If you are not comfortable with the risks of using an online wallet on centralized servers (like hacking or idle fees), physical wallets might be your solution. Using a physical crypto wallet takes away all outside factors interrupting your transactions, keeping your information and crypto as safe as possible. We care about protecting you and your money. Purchase Trezor wallet in a Coin Nerds store today.
Make your first crypto wallet truly yours, with our help.
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