
[BEGINNER / LEARN] Bitcoin Wallets – Which, what, why? – NEBINION – NEBINION nebinion.com
Bitcoin Wallets – Which, What, Why? NEBINION Choosing the right Bitcoin wallet can be confusing, with so many options available. Hot or cold, custodial or non-custodial, hardware or software each type has its own purpose, security level, and use case. In this guide, we’ll break down different wallets, explain how they work, and help you decide which one suits your needs best. Whether you’re a beginner or an experienced user, understanding your wallet choices is key to keeping your Bitcoin safe and accessible.
2 Comments
Question: I’m currently looking for cold storage options for some of my altcoins.
Answer: Ledger Nano is a good option for cold storage.
Question: Do I need to back up my Ledger Nano S? I’m new to crypto.
Answer: Yes. When you set up your Ledger Nano S, you’ll receive a list of recovery words. Store them safely offline, as they allow you to restore your wallet if your device is lost, stolen, or stops working.
Very good for beginners and also for experts, you learn new things everyday !