January 6, 2025 • 45 mins
DefiCast Episode 2 "New to Cryptocurrency? Guide to Buying, Selling, and Wallet Security"
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- This is your walkthrough of technical details and ideas about how to get started in cryptocurrency including wallet setup and security.
- Differences between Centralized and Decentralized Exchanges
- Wallet creation - Differences between self-custody and custodial wallets / Hot wallets / Cold Wallets
- Wallet security and how to stay safe
- Buying your first crypto or Bitcoins
- "I could end the podcast here, write down your 24 seed phrase for your self-custody wallet hot or cold, and store it safely not digitally"
- https://www.ledger.com/ - Cold Storage Wallet (Self Cusdudy Cold Wallet)
- https://phantom.com/ - Phantom Wallet (Self Cusdudy Hot Wallet)
- https://crypto.com/ca - Example of a CEX Centralized Exchange for on-ramp and off-ramp for fiat
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