Sunday, September 30, 2018

A Detailed Explanation of the Cryptocurrency Wallet

There are companies where you can store some more “mainstream” cryptocurrency, like Bitcoin, Litecoin, or Ethereum..that allow you to send your coins from your wallet, but they (for all intents and purposes) own the private keys…just allowing you to authenticate your transactions in a more familiar way (like a password you know well or using your fingerprint on the phone app). These are not bad companies, just not companies you’d want to use as wallets for the serious investor…more like pass through companies for easy movement of funds in a short term amount of time.

https://medium.com/utrum/a-beginners-guide-to-cryptocurrency-investing-part-2-im-my-own-bank-83fb52b6ca19



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