How To Send Crypto Using Your Wallet with Amith Nirgunarthy

“Block Explorer lets you see every Bitcoin that exists and where it exists. It lets you see every public address on the network. It lets you see how much money was sent back and forth every 10 minutes. You can see everything.” - Amith Nirgunarthy

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Storing and sending cryptocurrency can get confusing.

What wallet should you use? Is it safe online or do you need to purchase a cold storage option? When sending Bitcoin to other people, what is the best practice for keeping your crypto as private as possible? These questions are at the heart of most of our crypto conversations, so today we seek out an expert to answer them.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Amith Nirgunarthy, the Founder and CEO of the cryptocurrency research institution Blockstreet. He is also the former Director of Marketing of Bitcoin IRA. Amith specializes in understanding all things crypto-related, so today we listen to his insights regarding wallets and sending cryptocurrency. Tune in to bring his best practices to your crypto game.

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“Realistically, every transaction you do should be a different wallet address.” - Amith Nirgunarthy

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Points to Keep In Mind Whoever has access to the private key can use the Bitcoin Send to another wallet, sign transaction, import wallet into Electrum Don’t print private keys over your WiFi network Copy and paste the shorter access key and send through Whatsapp, Telegram, or email Every transaction you do should be a different wallet address Put your coins in physical wallets like Trezor Some wallets create different public keys every single time so you don’t expose your private key Use blockchain.info or blockexplorer.com to see Bitcoin transactions