Lesson 1: The tool that holds your keys — Baskin Logic Crypto Academy

A wallet here is not a purse. It is a tool that holds keys.

The keys prove who can move a record. If someone else has the keys, they can move it. If you lose the keys, the record does not come back.

That is the object. Not a shop. Not a list of apps. The school does not tell you which wallet to get. It does not tell you to buy anything.

Key terms

Crypto wallet: A crypto wallet is a tool that holds the keys that control your crypto.
Private key: A private key is a secret number that proves you own the crypto at an address and lets you sign payments from it.
Wallet address: A wallet address is a string of letters and numbers that works like an account number for receiving crypto.
Hot wallet vs. cold wallet: A hot wallet is connected to the internet, like a phone app or browser add-on.
Custodial vs. non-custodial wallet: A custodial wallet is one where a company holds the keys for you, like an account on an exchange.

Five questions from this lesson. Your score stays on this device.

Show the answers

The keys that prove who can move a record. A wallet is a tool that holds keys. The coins stay on the blockchain.
Move the record. Whoever holds the keys can move the record.
It does not come back. Lost keys mean the record does not come back. Nobody can reset them for you.
A keychain. A wallet works more like a keychain than a purse. It holds keys, not coins.
No, it teaches what a wallet is. The school teaches the object. It does not name products or tell you what to buy.