In the world of Digital Asset investing right now, it is important that you hold the private keys to your own assets. To do this, I personally use a Ledge Nano S to store my assets. If you plan on doing the same, make sure you really understand the below.
1) What is an account?
2) What is a wallet?
3) What is a public key?
4) What is a private key?
5) What happens if my ledger/trezor etc breaks? How do I recover?
6) What happens if someone gets a hold of my private key?
We are getting close to the time when these questions become less relevant as banks/fi begin to provide custodial services. But, for the next 12-18 months they still matter and you need to understand what they are. I plan to put together a short tutorial for each of these questions and post them here. In general these posts will be applicable to any wallet, but I've only ever personally used a Ledger or Atomic wallet.
Join the 'Digital Assets' group if you are interested in learning some of the basics of their care and feeding. gab.com/groups/4617
1 Timothy 6:10(NKJV)
For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.
Having money is not a sin, beware of loving it though.
