Crypto Wallets - How is a Cat Supposed to Manage with Four Feet?

in #cryptocurrency7 years ago

"Get a wallet"-They said. "It's the first step to becoming a Crypto Cat."
But, no one noticed that I don't have any hands. What am I supposed to do? Carry it with my mouth? That's for mice, rats, geckos, birds, and snakes! Not Wallets!
33994817_1015171051965520_5198555744231751680_n.jpg
After I calmed down, my Kittymama, @nabithecat, explained that they aren't "real" wallets that you have to carry in your hands.

A hot wallet, basically, is similar to your actual wallet. It is usually connected to your internet so it can be easily used. A cold wallet, is more like a bank account, you only ever connect it to the internet when you make a transaction, to prevent hackers.
The reason many people have cold wallets is because hot wallets are easier to be stolen from, like how a guy can just snatch away your wallet.
The great thing about cold wallets is that they don't need to be expensive. There are both "Paper Wallets" and "Hardware wallets"
If you want to learn more, check out this link :) https://www.blockchain-council.org/cryptocurrency/hot-wallet-vs-cold-wallet/

Kittymama's mom, we call her the Bosscat, has one of these: https://www.exodus.io/

If you wanna be a cool Crypto Cat, or Person, get yourself a wallet, follow me @nabithecat, and tell all your friends!!
Let's make money together!!

Sort:  

And of course @nabithecat already has his STEEM wallet getting fatter. Happy to see you both learning and making it easy for other young people to grasp and enjoy, #trailblazer