Cryptocurrency Wallets and Exchanges
In this video I talk about Cryptocurrency Wallets and Exchanges. I use the website www.cryptocompare.com because I find it has allot of really good info on it if you are looking to find out more info on Cryptocurrency Wallets and Exchanges.
Once you find the Wallets menu on the site have a look through at the different types of wallets you can find.
The ones I talk about and use is Exodus.
The good thing about Exodus is that is supports a wide range of Cryptos. Bitcoin Ethereum Litecoin and other.
These wallets allow you to send and receive directly from your Computer. I use this wallet on my Windows computer. Also the wallet has a backup feature which is really cool.
Down side with the Exodus wallet is that it only works on one computer at once.
The tabs across the top of the Cyrptocompare website which allows you to filter the types of wallets. So for example if you wanted a wallet that was highly secure you would click the Secure tab.
Bitfinex exchange is the next thing I talk about. Once you have mined Cryptocurrency the next thing you can do with it is trade it on an Exchange. In this video I use Bitfinex as an example, see the picture below.
This is a good way to make extra coins but it also requires allot of patience. Which is something I struggle with! Also the other really good thing about exchanges is that you can trade your mined Crypto for different types of alt coins. Let say you have a good feeling about EOS then you would be able to Trade your mined earnings for the coin EOS.
So I show you how to setup your account and deposit your first coins into Bitfinex. I use it to mine my coins directly to the exchange saves me allot of hassle with gas fees from the myetherwallet wallet.
Well thanks for watching and reading guys I hope this one helps you out.