All currencies have different denominations. A Dollar breaks down to 100 cents, the same with Euro; Cryptocurrency is no different. Bitcoin was designed to break down to eight decimal places, and features four denominations: 1 BTC 1,000 mBTC (millibitcoin) 1,000,000 μBTC (microbitcoin) 100,000,000 Sats (Satoshis) How you’d like the App to display the balance is… Continue reading Bitcoin Balance
Month: September 2022
Downloading your first crypto wallet
To download your Blockchain wallet use the button below which will take you to the Apple Store or Playstore. Once the App has successfully downloaded to your phone you’ll need to create an account. Creating An Account Though your Blockchain wallet is non-custodial and decentralised, you will still have an account for added security and… Continue reading Downloading your first crypto wallet
Setting up your first crypto wallet
A Mobile crypto wallet is nothing to be scared of. It is just an app that you download from the App Store or Play Store. There is a wide selection of wallets to choose from, and as with any other app that you are considering downloading, it is worth looking at the reviews with the… Continue reading Setting up your first crypto wallet
Sending & Receiving Crypto
What you’ll learn Setting up a mobile wallet Understand denominations Walk through send function Walk through receive function If you’ve read the previous article you’ll now be familiar with the basic concepts for safely storing cryptocurrency, and how a crypto wallet helps you do that. You’ll also understand some of things that differentiate wallet types… Continue reading Sending & Receiving Crypto
Getting Started
Though it may seem like there is a lot of information to digest around securing and storing your crypto, the most common route for beginners is as follows: Download a non-custodial mobile wallet, putting you in control Get comfortable with backing up your Seed Open a separate web wallet via an Exchange Move funds between… Continue reading Getting Started
Hard Wallet
A hard wallet is a physical device that connects to a computer via USB and runs a software application within a Dashboard.. Hard wallets are non-custodial by default – you manage your private keys via a Seed. They provide the best security because most of the time they are offline, so cannot be hacked. If… Continue reading Hard Wallet
Types of Soft Wallet
Mobile A mobile wallet is the direct crypto equivalent of an App. It allows you to manage your crypto on your smartphone. If you search the Apple Store or Google Play Store you’ll find a huge number listed, differing in their design and features, but the approach to custody is the key distinction (introduced above).… Continue reading Types of Soft Wallet
Introducing the crypto wallet
A crypto wallet is a device for storing, sending and receiving cryptocurrency. Let’s look at one. You’ll notice the wallet has some familiar features like a balance, currency symbols and the ability to Send/Receive funds via addresses – which we introduced earlier. They are long alphanumeric strings, but for convenience there is usually a copy/paste… Continue reading Introducing the crypto wallet
Crypto
Access Tools The equivalent of your banking App or online account is a crypto wallet, that you can access on your laptop or smartphone. The different varieties are listed below. Access Credentials The credential that proves ownership of crypto funds associated with an address is called a Private Key, which can be stored in a wallet. It is… Continue reading Crypto
What Crypto Storage Really Means
To understand what cryptocurrency storage really means, let’s look at what you are used to and draw some useful comparisons: Digital banking Access Tools Your banking App/online account are tools to access your money. They don’t actually store any money, but are a representation of the amount of money your bank holds on your behalf. … Continue reading What Crypto Storage Really Means