Getting Started with Cryptocurrency and NFTs - Self Custody

Name: Getting Started with Cryptocurrency and NFTs - Self Custody
Rating: 4.2 (11 reviews)

Cryptocurrency NFTs & Self-Custody: Learn to Secure & Manage Your Digital Assets

Created byPaula Guilfoyle CPA, Niamh Aughney

Last updated 1/2023

English

English [Auto],

What you'll learn

Understand the basics of self-custody and why it is important in the world of cryptocurrency
Learn the risks associated with using and not using self-custody, and the differences between custodial and non-custodial systems.
Understand the basics of public and private keys, wallets, and how to select the right wallet for you.
Learn how to keep your seed phrase safe and the tools you can use to track your digital assets.
Gain the ability to securely manage and track your own cryptocurrency assets.

Course content

1 section • 23 lectures • 48m total length

Introduction - self custody of NFTs and Cryptocurrency1:52
Learn the fundamentals of self custody for crypto and NFTs, choose wallets, protect keys and seed phrases, and store assets securely.
Why self custody of digital assets is important2:00
Understand the risks of centralized exchanges and the importance of self custody for digital assets, emphasizing 'not your keys, not your coins' and moving funds from hot to cold wallets.
The basics of Self Custody2:33
Discover how to self-custody cryptocurrency with a hardware wallet, securely storing private keys and assets, and strengthen protection with strong passwords, two-factor authentication, firmware updates, and safe storage.
Task 10:03
Shout out to sponsor Revoke.Cash0:09
Celebrate our sponsor Revoke.Cash for prioritizing web3 education in cryptocurrency and NFTs for this course.
Custodial VS Non Custodial wallets1:42
Compare custodial and non custodial wallets to understand safety and why exchanges are risky. Choose self custody with a ledger and trusted cards from Binance, Crypto.com, or Coinbase.
CEX VS DEX3:00
Compare centralized exchanges and decentralized exchanges, noting that centralized platforms control assets and require know-your-customer verification and sanctions screening, while decentralized platforms use smart contracts and may have liquidity limits.
Keys and Wallets5:34
Explore how private keys and public keys enable secure access to crypto wallets, using secret phrases and wallet addresses derived from hashing to sign and verify transactions.
Popular Hardware Wallets1:18
Selecting a wallet3:35
Choose a token-compatible wallet and balance hot and cold options, ensuring you hold private keys for non-custodial control, remember not your keys, not your wallet, and heed exchange custodial risks.
How many wallets should you have?2:44
Use a burner wallet for each mint with a new seed phrase, and maintain a hot wallet for daily use alongside a cold wallet for valuables, plus backups.
Storing Seeds3:14
Store private keys and secret phrases securely by writing them down in the correct order, creating multiple physical backups kept in separate safe locations, and avoiding online storage.
Tips from Niamh on storing seeds1:31
Learn the difference between a seed phrase and a password and store seed phrases safely with fireproof copies, never sharing seeds or screenshots.
Why should you care about NFTs1:31
Understand why NFTs matter by exploring value and bartering origins. See how blockchain provenance and 100% traceability on permissionless networks like Ethereum and Bitcoin enable anonymous, decentralized ownership.
Tips to store NFTs0:29
Learn self custody basics for NFTs by using a ledger purchased from the direct site, storing across marketplaces with bookmarks, and avoiding scams and ads.
Risks involved with Self Custody of digital assets4:34
Explore the risks of self-custody for digital assets, including hacking, human error, and no recovery authority, and learn best practices such as hardware wallets, backups, and NFT ownership basics.
Staying safe signing blockchain transactions2:29
Learn to safely sign blockchain transactions by verifying sites, avoiding ice fishing scams, reading transaction details and authority, and using a hardware wallet with hot and cold offline signing.
Wallet Guardian3:17
Install the Wallet Guardian desktop extension to scan token contracts and exchange interactions in seconds without wallet connections, providing go-ahead or warning prompts to help you decide.
The importance of keeping track of your digital assets1:36
Learn how self-custody relies on tracking digital assets to manage wallets, addresses, and market values, enabling informed buy, sell, and transfer decisions while enhancing security.
How to use Revoke.cash to reduce your risks2:07
Learn how to use revoke.cash to reduce crypto risk by revoking unlimited token allowances, checking token balances across chains, verifying wallets and NFTs, and disconnecting from sites.
Optional Activities1:03
Are you ready to learn more?0:18
Conclusion1:57
Master self custody for NFTs and cryptocurrency by distinguishing wallets and keys. Apply best practices to stay safe and manage a self custody wallet across decentralized and centralized exchanges.

Requirements

No experience in self custody is necessary. You will learn everything you need to know
A basic understanding of crypto or digital assets would be of benefit
A desire to take control of your digital assets
A computer and access to the internet

Description

Unlock the world of NFTs and take control of your own cryptocurrency assets with our comprehensive course, "NFTs and Cryptocurrency for Beginners: Getting Started with Self Custody." This course is designed to give you a solid foundation in the world of NFTs and cryptocurrency and how to use self-custody to manage your digital assets.

You'll learn about the importance of self-custody in the world of cryptocurrency and the risks associated with not using it. We'll cover the differences between custodial and non-custodial systems and help you understand how to select the right wallet for you. We'll guide you through the basics of public and private keys, wallets, and how to keep your seed phrase safe.

In addition, we'll dive into the exciting world of non-fungible tokens and give you tips on how to store and manage your NFTs.

The course is designed to be easy to understand and follow, with clear explanations and examples. You'll have the opportunity to practice what you've learned through exercises and quizzes. By the end of the course, you'll have a solid understanding of self-custody and the basics of managing your NFTs.

Whether you're new to the world of NFTs and cryptocurrency or you're looking to deepen your knowledge and skills, this course is for you. Join us and take the first step towards mastering the world of digital assets and becoming an NFT pro. Sign up now and take control of your own cryptocurrency assets today!

Who this course is for:

this course is suitable for anyone who wants to learn the basics of NFTs and cryptocurrency and how to use self-custody to manage their digital assets. It's designed to be accessible and easy to understand, so no prior knowledge of NFTs or cryptocurrency is required
This course is ideal for artists, musicians, and other creatives who want to learn how to use NFTs to monetize their work, as well as investors and traders who want to learn how to safely manage their digital assets
This course is perfect for anyone interested in getting started with NFTs and cryptocurrency but is not sure where to begin.
This course is designed for beginners who want to learn about the basics of self-custody and how to secure and manage their digital assets. The course is suitable for anyone who wants to understand the risks associated with using and not using self-custody, and the differences between custodial and non-custodial systems. It is also suitable for people who are not familiar with the technical aspects of NFTs and cryptocurrency but want to learn more.