What happens if you lose your phone with your crypto wallet?
bitcoin·@connecteconomy·
0.000 HBDWhat happens if you lose your phone with your crypto wallet?
The other day I got to give a wallet installation workshop again. I've been doing this on and off since 2018. This was my second workshop in Bansko, Bulgaria, where I helped a few #digitalnomads install their first #crypto wallet and send some $Dash to each other. https://www.youtube.com/watch?v=sEa6tIMKWw8 **Crypto Safety & Security is my main focus when I teach beginners about Bitcoin**, so in this workshop we discussed: * The difference between cold storage and hot storage * How to install a non-custodial wallet on a phone * What private keys are and what the 12-word mnemonic seed is for * How to send and receive cryptocurrency After the workshop the participants had a full understanding of what it's like to be 100% responsible for their coins and how to recover them should they ever lock themselves out of their wallets or lose their phones. If you ever give a workshop like this, I highly recommend allowing the participants to send actual coins back and forth, so they can get some practical experience with that and lose the fear of doing something wrong. The [Exodus wallet](https://exodus.com) in particular makes this a lot of fun, with their special *SEND* and *RECEIVE* sounds. Check out the short clip above to see how much fun the participants had. Exodus is also a fantastic wallet for beginners in general - not only because of their user-friendly UI, but also because of their exceptional customer service. **** <center> [](https://anjaschuetz.net/free-crypto) </center> **** ### <center>Become a Conscious Crypto Investor [Join Anja's Movers & Stakers Club on Patreon](https://patreon.com/consciouscrypto).</center> [](https://patreon.com/consciouscrypto) [//]:# (!pinmapple 41.840209 lat 23.484855 long d3scr)
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