Overview Of Cryptocurrency Wallets Training Ppt

Slide 1

The slide showcases types of cryptocurrency wallets, such as software wallets, hardware wallets (which you connect to your USB drive;) and paper wallets (wherein you print your public key and private key on paper and keep these secure).

Slide 2

The slide states that a software wallet is a program downloaded onto a device, which can be a desktop or mobile device, or it can be a web-based wallet that is available online.

Slide 3

The slide describes that desktop wallets are cold wallets that store private keys on cold servers (on your desktop). You can disconnect the wallet from the Internet, conduct offline transactions, and reconnect it. If the primary server fails, a cold server, essentially your PC, is used as a server for backup.

Instructor Notes: 

These wallets can be downloaded on any desktop but can only be accessed from the system on which they are installed, so ensure that the desktop or machine on that you are downloading the desktop wallet is safe (has a backup and is in a safe place) and that you are maintaining the hardware , in general, ensuring that your machine stays secure as it contains financial assets now

Slide 4

The slide documents that online wallets are types of Internet-based hot wallets. Users have the advantage of accessing their wallets from any device. It may be a tablet or a desktop, or even a mobile browser. A third party handles the private keys, which are handled online.

Instructor Notes:

Metamask and Coinbase are examples of online wallets

Slide 5

The slide lists that Mobile wallets are online wallets designed for usage and accessibility exclusively on mobile phones. These wallets provide an easy-to-use interface that allows transactions to be conducted quickly. Mycelium is an example of mobile wallets.

Slide 6

The slide states that a hardware wallet is a cold storage device, similar to a USB drive, that holds the user's private key in a protected hardware device. These wallets resemble portable gadgets that may be linked to a computer (plugged in). As previously stated, they are less vulnerable to malicious cyber-attacks and are hack-proof. Some leading hardware wallets in the market are Ledger, Trezor, and KeepKey.

Slide 7

The slide states that a paper wallet that stores cryptocurrency offline. This wallet is a printed piece of paper that includes both your private and public keys, which can be accessed using a QR code. Due to their safety, these are frequently used to hold large amounts of cryptocurrency. Bitcoin Paper Wallet and MyEtherWallet are two popular paper wallets.