In this episode of Understanding Crypto, you will learn how to set up a crypto wallet. Essentially, your digital wallet is much like your real-world wallet, it is a place to store and protect assets. In the web 3.0 world it also acts as your digital ID. As Paul and James discuss in this episode, having a store of digital assets has its own benefits and challenges, including the much debated issues with security and protection.
Decentralised finance (or DeFi as the cool kids are calling it!) removes the need - and reliance - of centralised banking institutions but, that being the case, there’s also no calling up somebody else when it goes wrong, your digital assets - and their protection - will be your own responsibility.
There’s so much to learn about the various types of wallets and in this episode, we will help you understand everything you need to know about crypto wallets.
In the show you will learn:
- What is a crypto wallet
- What is an asset
- The importance of a digital ID
- How can you secure your crypto wallet
Understanding Crypto is the podcast created to help you work out what is happening in the world of Web 3.0 and the impact this digital revolution could make to your brand, business and life.
In this show your hosts Paul Abercrombie and James Burtt will be discussing, distilling and massively simplifying subjects such as how blockchain works, what is metaverse real estate all about, what are you actually buying when you purchase an NFT, how do DOA's work, which direction is Bitcoin heading in, how to use a digital wallet, what steps you need to take to onramp from fiat currency into digital assets and lots, lots more.
Plus, via specific episodes of the podcast, Paul and James will actually pull back the iron curtain to share what on-chain projects they are involved with and document - in real time - the processes they grow and go through in order to make Web 3.0 as valuable for real-world realtime businesses and brands as possible.