S0 E8: What is a Crypto Wallet? & Best Practices for Storing Your Crypto (Carolyn Reckhow)

DAOn the Rabbit Hole

In this episode of DAOn the Rabbit Hole, we’re talking to Carolyn Reckhow, Head of Business Development and Strategy at Thesis, a Web 3.0 wallet. We’re going to talk all about crypto wallets, the various types, and everything you should know about them.

Carolyn talks about getting into blockchain from her background as a social scientist and therapist, with a particular interest in how blockchain could impact civil society. She explains what crypto is on a basic level, and how wallets work.

Does every crypto wallet support every cryptocurrency, or do you need specific wallets for different coins? Carolyn dives into this, along with the difference between public and private keys, custodial and non-custodial wallets, and private keys and seed phrases.

Carolyn also gives some guidance for newcomers to crypto on how to choose a wallet and get started with it. Is it best to use multiple accounts for security? Is a hardware wallet better than a hot wallet? We also explore some of the different privacy options on blockchains.

Carolyn shares her thoughts on the biggest challenges in blockchain today and who is solving them. Finally, she walks through the easiest ways to get started with your own blockchain wallet.

To continue this conversation and stay up to date on all things DAOn the Rabbit Hole, you can follow Diana on Twitter @ddwchen and RabbitHole @rabbithole_gg. You can follow our guest, Carolyn Reckhow, on Twitter @CReckhow

—

TIMESTAMPS:

1:49 Carolyn's background and how she fell down the crypto rabbit hole
4:41 What is cryptocurrency?
5:23 What is a crypto wallet?
6:28 Do you need a different crypto wallet to buy different cryptocurrencies?
8:39 Public key vs private key vs seed phrase
12:56 Custodial vs non-custodial wallets
17:30 Best practices for storing crypto
23:19 How to maintain privacy on a public blockchain
25:38 What are some of the main problems with crypto wallets today?
34:40 Which crypto wallet should I get?
36:14 Follow Carolyn!

—

If you enjoyed this episode, please rate, subscribe, and share with your friends and family so we can keep taking you down the rabbit hole with us.