Ready to participate in the world of crypto? A wallet is where you start. We’ll teach you how to get going safely and send money around. Featuring the mobile crypto wallet Valora!

Heard about the guy who lost millions in Bitcoin on an old hard drive? Learn how to not become him.

Which of the following gives anyone access to my entire wallet?

Why do wallets give me an option to print a recovery phrase during setup?

Which of these is the safest place to store my recovery phrase?

Remember the stories of people who lost millions of 💵dollars in Bitcoin because they lost their password? 
It’s estimated that 25% (or over 100bn Dollars) have been lost in Bitcoin alone. ​​🤯

A lot of money has been lost forever

… they lost that private key 🔑we were talking about in the previous lesson.
If you have that, you can always access your crypto.

They didn’t actually lose a “password” though…

… it’s frickin’ hard to remember! 
Why? Because it looks something like this: h23SHIO838SJKIasd223u89sud98u89ad2u89dao82au8dauo8a (just longer)
🤮right? So let’s learn how to safely store it.

There is one problem with that private key!

This happens during setup. DO NOT SKIP THAT!
It’s easy to print out or take a screenshot and print. Put it into a very safe place.
Don’t be that person who’ll lose access to millions!

Wallets will ask you to write down your “recovery phrase”

Your computer. Computers die.
Your mind. You will forget.
A photo on your iPhone. iPhones get lost.
A printout on your desk: Things get stolen.

What is NOT a safe place

Print it out and put it into a safe, away from the elements.
Get a hardware wallet (more on that later).

What’s a safe place?

Your private key gives you access to everything
If you lose it, you lose everything
Wallets let you print out “recovery phrases”
DO THAT! And put them into a safe place