Tuesday, 09 February 2021 16:34

Cryptocurrency Primer: Wallet Strategy

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Cryptocurrency Primer: Wallet Strategy

General Strategy: Multiple "Wallets"

Your day-to-day wallet will probably be tied to a centralized bitcoin exchange, like a Coinbase account. With Coinbase, you can create multiple wallet addresses under a single account (suppose you have 3 or 4 businesses, each could have their own Wallet Address that gets used for receiving payments). I think of Coinbase as your starting point: you'll most likely be using Coinbase to convert your $USD-based checking account funds into Bitcoin (or whichever cryptocurrency you choose).

Create your free Coinbase account now!
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Your second wallet should be created manually, not connected with Coinbase. 

Continue reading this article on my blog...

Read 84 times Last modified on Tuesday, 09 February 2021 16:37

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