Okay, Now what?!
If you’ve completed all chapters in this course, I realize there’s a good chance you are overwhelmed by how many wallet choices are out there.
Here are my recommendations…
… to help you get started …
… choosing the right wallet.
Buy crypto from an online exchange. Start with Coinbase.
This means after you purchase some bitcoin or other crypto, your asset will be held in your online exchange wallet. As you’ve already learned in Chapter 2, exchange wallets are hot wallets, so only keep assets there for a short period of time or only keep a small amount there.
To help you get comfortable with wallets and moving crypto assets around, send your crypto from your Coinbase exchange wallet to a desktop or mobile wallet.
For desktop users, I recommend the Exodus desktop wallet.
Exodus is easy to use and also has a separate mobile wallet should you need that flexibility.
For mobile only users, I recommend Coinbase wallet, Guarda wallet, or Trust wallet. There are other good wallets too, like Exodus. It partly depends on what cryptocoins you want to hold.
If you’re more comfortable using your mobile phone, these are available for both iPhone and Android devices.
For long-term storage, I recommend the Ledger Nano or Trezor.
Once you’ve amassed a significant amount of crypto assets into your desktop wallet, you’ll want to move a good chunk of it to a more secure long-term storage solution, like a hardware wallet.
There’s a little bit of a learning curve getting comfortable with a hardware wallet, so I suggest taking our course on how to setup and use the Ledger Nano wallet.