obiora

BY GRACE THROUGH FAITH 😇/
/FOREX & CRYPTO TRADER📉📈, TUTOR /.

[obiora @__obiora]

THIS IS ALL YOU NEED TO KNOW ABOUT WALLETS. Most beginners lose crypto because they don't understand wallets. Here's all you need to know about Hot and Cold wallets.

A wallet in general does not store your crypto for you, a wallet lets you send, receive and manage crypto, a wallets is similar to your bank apps, where you can send money, and see your balance, so a wallet does this all these in crypto space, it stores your passwords or keys (phrases), so if you lose your password or keys, you lose your crypto.

Hot wallets- These are wallets in form of apps in your phone, PC, or browser extensions. They are connected to the Internet so they are very easy to use, but stands higher risks to hacks if not careful, E.g  Trustwallet, metamusk, phantom, binance, bybit, coinbase wallet, Exodu and so on.
Cold wallets- These wallets are not connected online but in physical devices, no risks of hacks so they are safer for large quantity holding. E.g Ledger series (ledger Nano X, Ledger flex )
Trezor series ( Trezor model T, Trezor safe 3)
Safepal series-( safepal S1 ) and so on.
These are few things you need to know about the types of wallets to avoid losing your crypto, I encourage you start with Hot wallets as a beginner, so you can properly understand how crypto works.

I will explain how to actually set up your Hot and Cold  wallets for you and how to store your keys properly on my next posts. Follow me for more information.

[obiora @__obiora]

Hook- Crypto feels confusing because most people explain it badly.
Everyone now posts trade screenshots without explaining the basics of Cryptocurrencies and how it works.
  Here's a detailed explanation of what Crypto is and everything you need to know.

Cryptocurrency (crypto) is a digital money that exists purely online,it has no physical coins or paper notes like naira, dollars, or euros,Pounds.
Think of it as internet money that can be sent directly from one person to another anywhere in the world without needing banks, governments, or middlemen to approve or process the transaction,
Instead of a bank keeping records, a blockchain does.
A blockchain ( a series of block connected by chains)  is like a digital record book (ledger) that stores all the transactions happening in the crypto space.
*It's Shared across thousands of computers worldwide,anyone can view it but no one can secretly change it.
*Every transaction is recorded forever.
That’s the foundation of crypto.
WHY DOES CRYPTO EXIST ?
* During the year 2008–2009, Bitcoin was  created right after the global financial crisis when trust in banks and central banks was at rock bottom. The mysterious creator(s) called  Satoshi Nakamoto published a simple 9-page paper titled:
"Bitcoin: A Peer-to-Peer Electronic Cash System"
In that paper, Satoshi basically said:
"We need electronic money that allows online payments to be sent directly from one party to another without going through a financial institution." So people wanted ( and will always want) a fundamentally different kind of money, that isn't controlled by governments, banks, or any single powerful entity.
*Imagine you needed money urgently to solve an emergency and the only person who can send it for you is in another country, crypto is the only payment method you can use to receive money from cross borders without wasting time.
*Traditional methods(moneygram, ria) are slow, expensive and is controlled by middlemen.
But Crypto allows peer-to-peer(persons to persons) transactions globally.

There are three (3) core concepts every beginner must understand.
*BLOCKCHAIN
*WALLETS
*COINS AND TOKENS.
Don't miss these, they are very important so you don't see as gambling 😉. 
WALLETS. Just like your mobile apps that lets you access your money in the bank,
A wallet stores your keys(phrases) or password that gives you access to your crypto.
It doesn't store your crypto for you,  blockchain does that like I explained earlier at the beginning.
There are 2 types of WALLETS.
*Hot wallets
*Cold wallets
I will explain these further on my next post, so make sure to follow me.
COINS- These are the NATIVE MONEY, they have their own blockchain network, so they exists independently as they are built on their own e.g, BITCOIN, ETHEREUM, SOLANA, BNB(binance coin).
TOKENS- They exists on other independent blockchains like Bitcoin, solana, Ethereum, and so on, they don't have their own blockchain, think of it as someone living under another person's house, the hosts( blockchain gives them rules, provides security and infrastructures they run on.

These are few basics you need to know about crypto to avoid loosing money as a beginner.
Crypto is all about education so pay close attention to everything.
I'm documenting crypto from basics, scratch, step by step guide to make sure you understand everything 😀.
Follow me if you are new and want to know more about crypto as I will be posting more informations to enlighten you.

[Gaozu Zaman💰 @GaozuX]

Universal Alignment 😇💡

[obiora @__obiora]

@WatcherGuru Wow

[MrBanks💰 @Mrbankstips]

I attract money 🍀
I attract wealth 🍀
I attract security and stability 🍀
The universe pours money into my life
Wealth is my birthright 🍀
I was born to be abundant 🍀
Money is always available to me 🍀
I place no limits on the amount of money I can make 🍀
I am a master at attracting money into my life 🍀
The universe is on my side 🍀

I Affirm 🍀

[obiora @__obiora]

@AnshFutbol @GBarca_ 😂😂

[obiora @__obiora]

@GBarca_ This is why he's a humble human, Most Coaches would be afraid to talk to him, but messi is always coachable,

[obiora @__obiora]

Rooting heavily for Spain to win this world Cup because of Yamal, pedri, Cubarsi,Garcia,Gave,Olmo,Ferran, Who are you rooting for and why ?

[obiora @__obiora]

@thebutrous Crypto

[MrBanks💰 @Mrbankstips]

Worst case scenario I’ll make it. Best case scenario I’ll make it big.

[obiora @__obiora]

@Mrbankstips 90m.
I think they don't want him gone, they are about to sell sorloth

[MrBanks💰 @Mrbankstips]

Everything works to my favor. Even in moments of uncertainty, I know the universe is guiding me toward the best possible outcomes.

Every delay, every detour, every challenge is a setup for something greater.

I attract blessings, opportunities and breakthroughs effortlessly.

What is meant for me will always find me and I trust that all things both seen and unseen are aligning perfectly for my success, peace and abundance.

I affirm.

[obiora @__obiora]

@ChuksEricE Amen to his prayers to Tinubu, but he might be doped though

[obiora @__obiora]

@James333555 Jabi Abuja

[obiora @__obiora]

@steezecityng is this a real account or fake, cos I need it.

[obiora @__obiora]

@officialABAT Give them enough reasons to keep going, supports, latest guns and supports, protection and equipment to keep going.

[obiora @__obiora]

@Feeztm Make una stop they pocket watch person weh never start life na, why Nigerians deh like this ?
Na wetin una do this borniface be this gan..

[obiora @__obiora]

@A_U_K_J @damibillions_ Lol, I'm not, you're ignorance Is keeping you naive.

[obiora @__obiora]

@O_Ikechukwu018 @damibillions_ If you don't know how to trade, close ur mouth,

[obiora @__obiora]

@tobi01_tes @damibillions_ Why are you daft, I said live account.

[obiora @__obiora]

@FabrizioRomano Chelsea 150m bid by 2028

[obiora @__obiora]

@Lexxo80401145 @damibillions_ I've learnt the hard way, so I can do it.