CryptoFx Enthusiasm

We’re proud to announce our first ever Pi Powered Commerce event, PiFest! This December 6-11, join Pioneers worldwide to shop local and support Pi-integrated businesses in your community. Learn about the global event and how to participate here: https://ow.ly/jPlE50QeBSW

Hot wallet (Soft wallet) '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' These are e.g. apps or web extensions. Your keys are protected with user-defined passwords. The advantages of hot wallets are that you can always have them with you (on your cell phone or your computer). The interface is mostly user-friendly and you can easily send and receive cryptos. Most wallets offer the ability to store multiple keys of different assets (paper wallets usually only 1 asset). However, you are an easy victim of viruses that are on your PC. If you ever lose your phone or your PC stops working -- you can restore your wallet with the words assigned at the beginning (most 12 or 24). Your cryptos will not be lost in this process! Well-known hot wallets are Exodus, Trust wallet or coinbase.

Hard Wallet '''''''''''''''''''''''''''''''''''''''''''' Hard wallets are also referred to by many simply as cold wallet. Most hard wallets have similarities to USB sticks. These combine the capabilities of the cold wallet and hot wallet. In addition to the hardware device, the app is also required. Transactions made via the app must be confirmed again on the stick. In principle, a hot wallet is one that stores the keys on your cold wallet. The best known hard wallet is a Ledger.

Cold wallet (Paper wallet) ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' A secure way to store your private keys is paper wallets. As the name suggests, they are made of paper. On the paper are the private key, public key and QR codes. Even though this type of wallets does not sound secure, it is more secure than hot wallets. Since there is no constant connection to the Internet and device, you are protected from viruses. However, there are several problems. In case of fire, the paper burns completely, it is also easy to lose and can be damaged quickly. Since it is not password protected, third parties can gain access to your assets on the spot. We recommend keeping your paper wallet in a safe or other secure places.

Different wallet types ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' There are different types of wallets, for example, the cold wallet, hot wallet and hard wallet. The difference is quite simple. The hot wallet (also called a soft wallet) is a wallet that has a constant connection to the internet (e.g. Exodus, coinbase) -- the cold wallet is usually one that is offline (e.g. paper wallet). Last but not least there are hard wallets (often called a cold wallet), which are mostly USB stick like hardware devices and combine the functions of hot and cold wallet.

How do wallets work? ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' Even though the name says it, a wallet is not directly a wallet in which you store your crypto assets. Your cryptos are stored on the blockchain and in order to perform transactions or access them in general - you need your private keys. These keys are stored and kept in your wallet. But not only the private key, also the public key is stored there. The public key is used to send and receive cryptocurrencies. 🚨CAUTION: Never give the private key to another person, the public key can be given to people at any time without hesitation.

Here is something very relevant to be alert for. Not the links, but what this post is showing us.

Remember the formular 🥊

ETH Gas price update

Top crypto exchanges

Our Kina is still falling hard.

When to withdraw Team members, see the dates.

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🔥 JUST IN: Lightning Labs releases the Taproot Assets protocol. This equips builders to make Bitcoin a scalable multi-asset network, Paving the way for global currencies as Taproot Assets enables instant settlement on LN 💪

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How do you cash out Pi cryptocurrency? How do I convert my PI coins to cash? The answer to this question is "You can't cash a Pi yet". But don't be disappointed. Pi cannot only be monetized "now", and if you wait patiently, the Pi will be a lot of money. Pi Network has no plans or announcements for an exchange listing yet. Also, since we're in the Testnet stage right now, we don't have the wallet we need to transfer the Pi yet. However, the Pi core team has announced that it will enter the Mainnet phase during the fourth quarter of 2021, and has launched a "test wallet", a preparatory stage for Pi transfers. And since this preparation process is so successful, it will take some time, but the Pi will eventually be monetizable and its value will be very high. This is not my personal opinion. Pi Network recruited 300 initial testers at the outset of launch, and they have the transfer rights of the Pi. They are still actively trading Pi and real commodities at this moment, some of which trade for about $100 per Pi. Therefore, we cannot cash out Pi yet, but it will be possible once the Mainnet is developed and a wallet that can hold real Pi is released. Personally, I predict it will be somewhere between 2022-2023.

📌 All the information about KYC, Pi Wallet, Pi Account, Pi Network ... including basic FAQ, bug and issue fixes, as well as the "STARTERPACK MESSAGES" (messages every new Pioneer should know and read) can be found here: ⬇️ ⭐️ All pinned messages ⭐️ 1. Most frequently asked questions part 1 2. Most frequently asked questions part 2 3. PHONE VERIFICATION 4. RECOVERING old Pi ACCOUNT / PASSWORD CHANGE 5. STARTER PACK PART 1 6. STARTER PACK PART 2 7. HOW TO GENERATE A PI WALLET? 8. Pi Lockup Help 9. Great example for everyone 10. PI EVIDENCES - proof that people are passing the Pi KYC 11. KYC (What it is and how it works) 12. KYC STEPS / EVENTUAL KYC HELP AND FIXES / BINANE PI INTERFACE - ✅ GROUP INFO ➡️ Please, refer to those messages before asking your questions to avoid spam in the group.

Pi Network 📌 All the information about KYC, Pi Wallet, Pi Account, Pi Network ... including basic FAQ, bug and issue fixes, as well as the "STARTERPACK MESSAGES" (messages every new Pioneer should know and read) can be found here: ⬇️ ⭐️ All pinned messages ⭐️ 1. Most frequently asked questions part 1 2. Most frequently asked questions part 2 3. PHONE VERIFICATION 4. RECOVERING old Pi ACCOUNT / PASSWORD CHANGE 5. STARTER PACK PART 1 6. STARTER PACK PART 2 7. HOW TO GENERATE A PI WALLET? 8. Pi Lockup Help 9. Great example for everyone 10. PI EVIDENCES - proof that people are passing the Pi KYC 11. KYC (What it is and how it works) 12. KYC STEPS / EVENTUAL KYC HELP AND FIXES / BINANE PI INTERFACE - ✅ GROUP INFO ➡️ Please, refer to those messages before asking your questions to avoid spam in the group.

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