DefiCast

New to Cryptocurrency? Guide to Buying, Selling, and Wallet Security

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DefiCast Episode 2 "New to Cryptocurrency? Guide to Buying, Selling, and Wallet Security"

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    • Episode Overview:
    • This is your walkthrough of technical details and ideas about how to get started in cryptocurrency including wallet setup and security.
      Key Points Discussed:
      • Differences between Centralized and Decentralized Exchanges 
      • Wallet creation - Differences between self-custody and custodial wallets / Hot wallets / Cold Wallets
      • Wallet security and how to stay safe
      • Buying your first crypto or Bitcoins
        • Notable Quotes:
        • "I could end the podcast here, write down your 24 seed phrase for your self-custody wallet hot or cold, and store it safely not digitally"
          Resources Mentioned / Links
          • https://www.ledger.com/ - Cold Storage Wallet (Self Cusdudy Cold Wallet)
          • https://phantom.com/ - Phantom Wallet (Self Cusdudy Hot Wallet)
          • https://crypto.com/ca - Example of a CEX Centralized Exchange for on-ramp and off-ramp for fiat
            • ...more
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