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Bullish
🎓 Lesson 7 – What Is a Web3 Wallet? 🔐 Understand it – or risk losing everything.
📌 1. CORE CONCEPT
A Web3 Wallet is your digital key to the blockchain. It lets you: - Store crypto, tokens, NFTs - Access DApps, DeFi, GameFi - Sign transactions & verify identity
🧠 When you hold the seed phrase, you own the wallet. 🚫 No seed = no access. Share seed = get drained.
🧠 2. HOW IT WORKS 🔑 Private Key: Secret – never share it 🌍 Public Key: Wallet address – okay to share 🧾 Seed Phrase: 12–24 words to restore your wallet
⚠️ Anyone with your seed owns your crypto
🧱 3. TYPES OF WALLETS - 📱 Mobile Wallet – convenient, user-friendly - 🌐 Browser Wallet – great for DEXs and NFTs - 🧊 Hardware Wallet – top-tier long-term safety - 🤖 Smart Wallet – programmable, extra security
⚔️ 4. CUSTODIAL vs NON-CUSTODIAL - Custodial: A platform holds your keys – convenient, but risky - Non-Custodial: You hold the keys – full freedom, full responsibility
🎯 True Web3 begins when you own your wallet
🔒 5. SECURITY RULES
✅ Write your seed down – don’t screenshot it ✅ Always double-check DApp links ✅ Don’t sign random transactions ✅ Keep a bit of BNB/ETH for gas