Are you someone that has a rough idea of what cryptocurrencys are, and you want to invest into them? Are you having problems with it? If so this is the guide for you. I will not be telling you what cryptocurrencys are, since I assume you already know that if you are reading this guide. So let's get started!

This guide is primarily about the types of wallets there are, which are best for what, and some basic terms.

First thing you need to know about it, there are different types of wallets. First there are paper wallet, but they are way too complicated for someone that is just learning to use crypto. Then there are cold wallets, wallets that you put on a separate hard drive not connected to the internet, which is mainly used for large sums of money. Then there are wallets that you will actually be using now. Regular wallets like "Bitcoin Core", lite wallets like "MultiDoge"(for dogecoin), and wallets that keep blockchain on the internet like "Bitcoin.com" or "Electrum".

First of all you need to know about synchronization. A lot of wallets need to be synchronized with the blockchain before you can start using them. A good example would be "Bitcoin Core".

This wallet first need to synchronize with the entire blockchain before being used. How long it might take depends on your computer and connection, might take a few hours or a few days.

Then there are lite wallets, like MultiDoge that just need to skim through the blockchain, they don't actually downlaod all of it. It is much much faster than normal synchronization, but these wallets aren't suitable for mining.

Now my favorite type of wallets is wallets that don't need to be synchronized, like Bitcoin.com, Jaxx, Electrum. They access the blockchain online, but you still have the key to your money.

Now that you have a wallet, you should also back it up!

Somewhere in the setting(in almost every wallet)there is an option to back up your wallet. To show everyone how it's done I made a wallet just for tutorial.



as you can see my wallet is not backed up

I press on the "wallet not backed up" button.

I get a bunch of random words, this is called a "seed". Never tell your seed to anyone or they might take your wallet.

I am only showing this because it's my wallet made only for the tutorial, but you should write it down(screenshots not secure, write it down on paper).



after that you will be asked to confirm that you have written your seed down.

Now let's hop over to my phone!

Press add wallet.



Type in your seed



Press ok and you have your wallet on your phone!



This should be used when you want to transfer your wallet to other devices, or if you lost your device with that wallet. Seeds exist on almost all wallets, just search through the menu and you will find it.

Now there are also some other things you need to know!

Fees for transactions depend on the size of your transactionas and cryptocurrency you are using. The bigger the transaction the smaller % goes to the fees. Bitcoin has one of the biggest fees from all cryptos.

Each time you receive a transaction you get a new btc address, but you still own your old addresses.

List of wallets that I know:

PC

Jaxx(multicurrency, almost all cryptos are on this one)

Bitcoin.com(Bitcoin and Bitcoin Cash, don't need to sync)

Bitcoin Core(you need to sync this one).

MultiDoge(lite dogecoin wallet)

Electrum(bitcoin wallet that doesn't need sync, has a litecoin version as well)

Android:

Coinomi(multicurrency)

Dash(walled for Dash cryptocurrency)

Monerujo(Monero wallet, need to skim through the blockchain)

Dogecoin Wallet(by langerhans, needs to sync a little bit, has bad reviews on google play by people who don't know what they are talking about).

There are a bunch more like breadwallet, mycelium etc. but I don't use them and don't know much about them.

I didn't mention any Mac, Linux or IOS wallets because I don't own any of those devices, but there are plenty of wallets for those systems too, many the same as for Android and Windows.

AVOID all wallets by "Freewallet" company, you don't get the keys to your money, really sketchy backround and there are reports from people that their money is gone. Might very well be a scam, don't use it!!!

This is it, info that I wish I got when I was starting to use cryptocurrency. Hope this helps you, worked really hard on it! :)

I would really appreciate any donations!

Bitcoin: 16yQLR6cBTG2c3H3MLHUaPeiqJ6pvwAr7S

Bitcoin Cash: 17J15TicMinUSseVZgA39i3q88ovkoTZQe

Dogecoin: DF6sNoA6Uwv2czCq2hiTHgZiwMCFxJGsCQ

Litecoin: LR5VxAww1GU5WfBgKZK9qq7jmeFxUMMqXM

Dash: XixkXCGEfUQLeiYQf1tAKbY6em9KrodTKh

Etherium: 0x4e333cc5864bdef1c35b2f372eb690493c795ebe