Crypto Talk Basics Wallets & Top Cryptos for Long Term

The Beach Trader goes over the top long term cryptos and explains how a wallet works and which type will suit you best. Q&A answers a lot of questions that new people ask about crypto and how to move forward investing in different type of crypto.
Crypto wallets are like online bank accounts for your cryptocurrencies but with a few key differences: cryptocurrency wallets are not backed by government deposit schemes, they only hold cryptocurrencies (no regular money here) and, crucially, you are in control of your funds at all times.
Non-custodial is the term given to cryptocurrency wallets, like MetaMask, Rainbow Wallet or Trust Wallet, that are separate from the accounts you may have on cryptocurrency exchanges. When you hold money on a crypto exchange, like Binance, Kraken or Coinbase, those companies are in control of your cryptocurrencies. But when you move your crypto to a non-custodial wallet, you hold the keys to your wallet.
These wallets are the key to the decentralized web and serve as the primary way to interface with decentralized finance protocols, like lending protocols, decentralized exchanges or non-fungible token (NFT) marketplaces. Crypto wallets are so foundational to decentralized finance that some people on Twitter or Discord refer to themselves solely by their cryptocurrency wallet addresses – anyone who introduces themselves with a username that starts with “0x” is referring to their Ethereum address.
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