The wild Wild West Hey you, I assume you’re aware of the whole saga going on in crypto right now, lots of people have been hurt badly by the events that have been rolled out just this week. Even for me, it has been a rough week, but it helped to shine a light on the true adversarial world that is the cryptocurrency space. And so, for the small percentage of us crazy enough to stay, I want to give tips and tricks to help on your trustless and self-sovereignty journey. Wallets We can’t do without them in the crypto Wild West, but in order to prevent the risk of a central point of failure we have to learn to break it up into different wallets for different use cases since there are enough to literally give a wallet to where all your interactions come from one wallet alone yikes every atom in the universe. There are two main types of wallets, t which is one that always connected to the internet, and which only connects to the internet to say sign transactions the Hot walle the Cold wallet Before those two, let’s first look at ( ) the that interacts with trusted fiat gateways like exchanges to bring funds both in and out. It can either be a Cold or Hot wallet depending on the amount you’re transacting but boils down to personal preference. 1. MAIN wallet , hopefully, a hardware wallet that hodl your long-term assets in. So you don’t go leaving your net worth on an exchange somewhere 2? VAULT wallet or worse on a hot wallet in your browser - double yikes. The Hot wallet used for the crypto degens out there, interacting with any should be with a separate wallet with all new seed phrases to make as many as you need. 3? for Whitelists untrusted(yet) project or protocol child wallets A hot wallet to interact with trusted dexes with, 4? Burner hot wallet for high-risk interactions like or something else on the unknown shadowy unknown spectrum 5? profile a degen mint or stealth mint 6? Lastly a wallet to store items you don’t want to keep short to medium-term projects Summary Main wallet for exchanges Vault wallet for long-term storage Trading wallet1 for untrusted Dapps Trading wallet2 for trusted Dapps Burner for high-risk interactions Wallet for Short to medium-term storage Treat your managing crypto security like a business because it actually is 🤝🏽

How to Crypto Wallet: A Quick Guide for Newbies

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