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How To Create A Crypto Wallet App PowerPoint Presentation

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How To Create A Crypto Wallet App Presentation Transcript

Slide 1 - HOW TO CREATE A CRYPTO WALLET APP? Everything you need to know! 1
Slide 2 - INTRODUCTION Crypto wallet app are the gateway to creating a solid footprint in Web3 & the crypto investing world. But here’s the catch: just like one shoe size does not fit all, the crypto wallet that is right for you depends on what you want to do with your cryptocurrency and the type of safety net you want to have. 2
Slide 3 - 2 Are you only using Bitcoin? 3 Do you need enhanced privacy features? How much cryptocurrency are you planning to store in the wallet? 1 THINGS TO CONSIDER WHEN SELECTING A CRYPTOCURRENCY WALLET Note that security should be your top priority before you set up a crypto wallet as this software (or hardware) will be in control of your private keys. 3
Slide 4 - WHAT ARE PRIVATE KEYS? These are the passwords to your cryptocurrency funds, which allows those funds to be sent to other users. Thus, control over the private keys means control over the money. 4
Slide 5 - GET TO KNOW ABOUT ALL TYPES OF CRYPTO WALLETS. Decide upon the kind of wallet you want to use. Buy or download the wallet & install the software. Set up your account & security features. Deposit your cryptocurrency. AN OVERVIEW: 5
Slide 6 - A mobile wallet is much easier to set up. The first step is to choose a mobile cryptocurrency wallet from your device’s associated app store. Two examples are Edge and BRD. The thing about most mobile wallets is that you can instantly accept cryptocurrency payments. But ensure that during the setup process, you keep a backup of your private keys on physical paper. Such a backup generally comes in the form of a 12 to 24 letter passphrase, also called your recovery phrase. Though not all crypto wallets require this step, it’s a best practice to follow. Otherwise, if you lose your phone or your mobile device simply stops working properly, you may permanently lose access to your funds. Remember, in the cryptocurrency industry, no third party can come to your rescue once you’ve lost your password. MOBILE CRYPTO WALLET APP SET UP 6
Slide 7 - 2 Launch the mobile wallet app on your phone. For Apple and Samsung, click on the “+” symbol or add button to add a new card and then select “Continue”. For android users, the app will show cards that are already linked to the account. Select one of the linked cards or select add another card. The app will either let you take a picture of the card or enter the card digits manually. Make sure to “Review the Terms and Conditions” and tap on “Agree”. Enjoy the convenience of paying with the wave of your phone. HOW TO SET UP A MOBILE WALLET ON APPLE PAY, SAMSUNG PAY, AND GOOGLE PAY? 7
Slide 8 - TIPS TO KEEP YOUR CRYPTO WALLET SAFE Yes, the safest option in terms of cryptocurrency wallets is a hardware wallet. But this does not mean that a hardware wallet is the perfect choice for everyone using cryptocurrency. Consider the value of your cryptocurrency holdings to gauge the level of security needed. For instance, it doesn’t make much sense to purchase a $100 hardware wallet to protect $50 worth of cryptocurrency. That said, you can take certain steps to improve the security of your cryptocurrency holdings without splurging on a Ledger or Trezor. HOT WALLETS VS. COLD WALLETS 8
Slide 9 - So, now that you have set up a crypto wallet, you also need to keep these things in mind: Besides the cryptocurrency software specifically, you also need to think more deeply about computer security. If a nefarious hacker gains access to your desktop or mobile phone, they’ll also likely be able to steal your cryptocurrency. 1 3 4 2 5 Ensure that your personal device is upgraded with the latest virus definitions to defend against newly-discovered vulnerabilities. Last but not least, remember to always backup your private keys. This is because you won’t be able to recover your funds if you lose access to these keys. When making crypto transactions or trading, avoid public Wi-Fi networks and use only a secure internet connection. Even when accessing your home network, use a VPN for additional security. Keep your backup in a physical form. As you are in full control of your cryptocurrency holdings, no one will be able to help you if you lose your private keys. Take Note 9
Slide 10 - Blocktech Brew THANK YOU Connect With Us: Website: www.blocktechbrew.com Email: business@blocktechbrew.com Call: +971554738790 Headquater: Level- 26, World Trade Centre, Sheikh Rashid Tower, Sheikh Zayed Rd, Dubai, UAE 10
 

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