Tuesday, 09 February 2021 16:41

Cryptocurrency Primer: Basic 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!
(affiliate link)

 

Your second wallet should be created manually, not connected with Coinbase. 

Continue reading this article on my blog...

 

Looking for nearby Bitcoin ATM's?

Coinflip Bitcoin ATM
Uni-Mart
3577 PA-611, Bartonsville, PA 18321, USA
(link)

LibertyX Bitcoin ATM
2497 PA-611 Scotrun, PA 18355
(link)

CoinMe Bitcoin ATM
Mignosi's Super Foodtown
9 Fox Run Lane
East Stroudsburg, PA, 18302
(link)

Last modified on Tuesday, 09 February 2021 16:50
Nate

Disclaimer: The ideas are the personal thoughts and opinions of Nate Covington and do not necessarily reflect the position of Barrett Township or the Board of Auditors.

Email:
natecovington (at) protonmail (dot) com

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