Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

blockchain hardware wallet blockchain wallet cold wallet crypto hardware wallet crypto wallet hardware wallet ledger nano s ledger nano x

Cold Wallet Storage - What Are Crypto Hardware Wallets?

Written By Ivan on Tech

Jul 17, 2020

Hardware wallets are, hands down, the most convenient and popular wallets in the crypto market today. Blockchain wallet hardware are secure physical devices that store your private keys. The best part is that the wallet stores your coins offline, keeping them completely safe. On the other hand, when needed, you can simply log your wallet into the system and use your coins as required.

In this guide, we will: 

  • Give you an introduction to cryptocurrency wallets. 
  • Compare hardware wallet vs blockchain wallet.
  • Show you some of the more popular hardware wallets out there.
  • Tell you why blockchain hardware wallet should be high on your shopping list. 

What is a blockchain wallet hardware?

In the cryptocurrency world, acquiring a bitcoin wallet will be the first step that you take. Your wallet is like your bank account that stores your private key and your public address. As you may be aware, cryptocurrencies are based on public-key cryptography. Your public and private...

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bitcoin wallet blockchain wallet crypto wallet what is a blockchain wallet

What is A Blockchain Wallet - The Complete Guide

Written By Ivan on Tech

Jul 11, 2020

Blockchain wallets form the very core of the cryptocurrency ecosystem. The wallet stores your cryptocurrency, public address, and private key. While the concept itself is relatively straightforward, many little machinations are going on in the background that makes them fascinating. In this article, we will look into the following:

  • What is a blockchain wallet?
  • Best practices for bitcoin wallet safety.
  • Exchange wallets.
  • Desktop and mobile wallets.
  • Hardware wallets – Ledger Nano S and Trezor.
  • Paper wallets.
  • How to add money to blockchain wallet? 
  • How do I cash out my blockchain wallet?

Anyway, let’s get started!

What is a blockchain wallet? The inner workings

The first thing you need to do is unlearn everything you know about traditional wallets. You have to remember that:

  • You are not technically using your bitcoin wallet to store any coins.
  • These coins, in question, are all digital currencies.
  • Technically speaking, no one is actually sending you coins. You are...
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