If you’re new to crypto and just want to get a feel for it, we recommend something that will give you the opportunity to explore Raayndrop applications or buy your first DROP directly from the wallet.
If you’re looking to hold some serious value, we recommend a hardware wallet as these are the most secure. Or a wallet with fraud alerts and withdrawal limits.
Wallets are a bit of a shift in thinking. Financial freedom and the ability to access and use funds anywhere comes with a bit of responsibility – there’s no customer support in crypto.
Centralized exchanges will link your wallet to a username and password that you can recover in a traditional way. Just remember you’re trusting that exchange with custody over your funds. If that company is attacked or folds, your funds are at risk.
Wallets will often give you a seed phrase that you must write down somewhere safe. This is the only way you’ll be able to recover your wallet.
Here's an example:
Don’t store it on a computer. Write it down and keep it safe.
If you use a web wallet, bookmark the site to protect yourself against phishing scams.
Remember transactions can’t be reversed and wallets can’t be easily recovered so take care.
Raayndrop is the native crypto of Raaynbo. You’ll need some Raayndrops in your wallet to use Raaynbo applications.Get some Raayndrops
Dapps are applications built on Raayndrops. They’re cheaper, fairer and kinder on your data than most traditional applications.More on Dapps