What is a Crypto Wallet? (Simple with Examples)

📽️ This is video 3 of the course 'Seb Monty's Solana School - Beginner Level.'

📽️ In this video, we'll explore what a crypto wallet is and the role it plays in the world of cryptocurrency. Whether you're new to cryptocurrencies or an experienced investor, understanding the various types of wallets is crucial. We'll delve into the world of crypto wallets, discussing what they are, the associated risks, and the importance of safeguarding your assets.💰

My name is Seb Monty and this is part of the course to get you from Zero to Hero get all the blockchain skills needed so you can excel in the Solana ecosystem and hopefully make some profitable crypto trades.💰

The following topics are explained in simple terms with a walkthrough: 👇🏻

💼 What is a crypto wallet?
🔐 Custodial wallet
⚠️ Risks involved with Custodial wallets
🌍 Reason why Crypto was created
🔒 Non-Custodial wallets
📝 How to store Seed phrases & Private keys?
🛍️ Popular Solana wallets
📌 General recommendation to store your crypto
🚀 Advantages of Non-Custodial wallets
💡 Opportunities in the Crypto wallet industry

📅 Important 10 Aug 2023:
Every day for the next 6+ weeks, a new video will be uploaded to help you understand Solana & Crypto.
🔍 Keep an eye out for links to the full course so you can go from one video to another without waiting. Coming real soon & 100% FREE!

Link for the full course:
https://youtube.com/playlist?list=PL-NLevh5gXjkHH0PaeVamKM4gnGMhiG2h

Who am I?
☆ https://twitter.com/SebMontgomery

Who do I Stake my SOL with?
☆ https://twitter.com/Validatorcom

What is my Profile Picture?
☆ https://twitter.com/DegenApeAcademy

⏰Timestamps⏰
00:00 - Intro
00:36 - What is a crypto wallet?
00:51 - Custodial wallet
01:36 - Risks involved with Custodial wallets
02:32 - Reason why Crypto was created
02:41 - Non - Custodial wallets
03:14 - How to store Seed phrase & Private keys?
03:46 - Popular Solana wallets
04:19 - General recommendation to store your crypto
05:04 - Advantages of Non-Custodial wallets
05:27 - Opportunities in the Crypto Wallet industry
05:51- Outro

Links:
Phantom Crypto Wallet: https://phantom.app/
Walmart using blockchain to track the movement of goods: https://tinyurl.com/yn3fevcn
Estonia using blockchain to store medical records: https://tinyurl.com/8x3wzsph
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Disclaimer: I am not a financial advisor. This is an educational tutorial and guide.
Always DYOR (Do Your Own Research) and ensure you learn the pros, cons, risks, and rewards before you put your hard-earned money to work. Nothing is financial advice.

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