How to invest in cryptocurrencies and decentralized finance (DeFi)
Part 4: Crypto Wallet & Private Keys
What is a crypto wallet, what are private keys, and how is a Bitcoin wallet different from an Ethereum wallet?
This is part 4 of an introductory series about investing in cryptocurrencies and DeFi. To navigate back to the table of contents, please click here.
DISCLAIMER: At the end of this article I have included links to buy several items on Amazon in different countries, as well as a link to Stephen Grider’s course on Ethereum and Solidity. The links contain my affiliate ID and if you purchase any items using my links, I will receive a commission for your purchase.
By now you should understand what is blockchain, what is Bitcoin, and what is Ethereum.
In parts 1, 2 and 3, we repeatedly mentioned tokens that are stored in addresses but we haven’t really explained what addresses, and the wallets to which they belong, are. So let’s get down to it!
What is a Bitcoin wallet?
A Bitcoin wallet is a digital record, identified in the blockchain by a set of codes like its private key, a Bitcoin address or a transaction hash.
