How to keep your crypto safe | School of Block

A crypto wallet is a place where you can securely keep your crypto. 

The most popular and easy to set up crypto wallet is a hosted wallet. 

1. Create an account on a crypto platform or exchange. 

2. Buy crypto using a bank account or a debit card.  

Most hosted wallets allow you to send and receive crypto and some even let

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Why should we put the onus on new users to know the difference between various blockchains/Layer 2s and know what their wallet can and can't support? It's already hard enough to explain how to safely backup a seed phrase. This lets the people use whatever web3 service they want with minimal overhead.

Building defensibility is tricky. Because crypto wallets pull data from the blockchain, there is no user lock-in. In a matter of minutes, a user can switch from one wallet provider to another with no loss of data. That means providers have to find other ways to build defensibility. Winning over developers is one.