EPISODE · Dec 11, 2023 · 20 MIN
How Do Bitcoin Wallets Work? | Protecting Your BITCOIN | Public Key Vs. Private Key
from Control and Compound with Darren Mitchell · host Control and Compound Financial | BNV Media
On today's episode, Darren and Christina are back for part 4 of their Bitcoin series. They compare how bitcoin works in comparison to online banking as well as the difference between a cold wallet and a hot wallet, and of course the steps you need to take to make sure your bitcoin is protected and secure. Tune in now! Show notes: 00:00 - Introduction 3:00 - Bitcoin vs. online banking 6:45 - Hot wallet vs. cold wallet 15:20 - How secure are cold wallets compared to hot wallets? 16:05 - What happens if hardware becomes obsolete? 17:10 - Can a cold wallet be used for daily transactions? 17:35 - How do you recover funds if you use a cold wallet? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=e FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound
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How Do Bitcoin Wallets Work? | Protecting Your BITCOIN | Public Key Vs. Private Key
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