Crossing The Chain Ep.002 - Show Me The Wallets!

in #dsound • 6 years ago (edited)

Episode 002 is all about the crypto wallets!

We start with the difference between Hot Wallets for active users and Cold Wallets for more passive users.
Coinbase is considered by most to be the gold standard of hot wallets (available in 33 countries) and Gemini founded by the Winklevoss twins is a rising competitor.
Exchange wallets such as Bittrex, Poloniex, Binance, etc., allow you to trade with hundreds of other crypto trading pairs but are not the best for long term storage.
While technically still a Hot Wallet, desktop wallets such as Jaxx and Exodus offer much greater security on the storage front for passive users who don’t trade much.
Finally, Cold Wallets such as Ledger Nano S and Trezor offer the greatest security for long term storage of your crypto stash. They are mini hard drives and roughly the size and shape of a thumb drive.


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6 years ago in #dsound by
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