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Blum

Trade, connect, grow and… farm Blum Points!

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CoinSpot

Trade Bitcoin and other digital currencies on CoinSpot. Use Code REFVRWMPH for $10 BTC!

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Bitget

Unlock a welcome gift worth up to 6200 USDT!

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Binance

Trade Bitcoin and other digital currencies on CoinSpot. Unlock a $10 BTC referral gift!

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PocketFi

Crosschain exchange for digital assets

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Spell Wallet

Unlock access to airdrops, earn MANA points, level up and create clans to maximize gains

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  • A cryptocurrency wallet is a secure digital tool that allows you to store, send, receive, and manage your cryptocurrencies. It doesn’t actually store the crypto itself but holds the cryptographic keys (public and private keys) needed to access and manage your assets on the blockchain.

  • Public Key: Similar to a bank account number. It is your wallet’s address that you can share with others to receive funds.

    Private Key: Similar to a password. It must be kept secret because it grants full control over your crypto assets.

    Example:
    If someone wants to send you Bitcoin, they use your public key (wallet address). To send Bitcoin to someone else, you must use your private key to authorize the transaction.

  • Hot Wallets (Online Wallets)

    Connected to the internet.
    Best for frequent trading or transactions.
    Examples: MetaMask, Trust Wallet, Coinbase Wallet.

    Cold Wallets (Offline Wallets)

    Not connected to the internet (more secure).
    Best for long-term storage of large funds.
    Examples: Hardware Wallets (Ledger, Trezor), Paper Wallets.

    Desktop Wallets

    Installed directly on your computer.

    Examples: Exodus, Electrum.

    Mobile Wallets

    Installed on your smartphone for on-the-go access.
    Examples: Trust Wallet, MetaMask (mobile version).

    Web Wallets

    Accessed directly through a web browser.
    Examples: MetaMask (browser extension), Binance Wallet.

  • Secure Your Private Keys: Never share your private keys or seed phrase.

    Use Two-Factor Authentication (2FA): Especially for hot wallets.

    Regular Backups: Make sure you back up your seed phrase (recovery phrase).

    Consider Multi-Signature Wallets: For extra security (requires multiple approvals).

  • A seed phrase (recovery phrase) is a series of random words (12-24) that allow you to restore your wallet if you lose access.

    Example: "globe apple river silver rocket shadow mirror bright"

    Pro Tip: Write your seed phrase down on paper and store it in a secure location (not online).

  • Yes, many crypto users use multiple wallets:

    Hot Wallet for daily use and small amounts.

    Cold Wallet for long-term storage and large amounts.

    Dedicated Wallets for different blockchains (Ethereum, Bitcoin, etc.).