Whether you are a shopper or a seller it is important to know what the tech requirements are for you to be able to use crypto. Crypto and blockchain gadgets are all the rage and you shouldn’t buy anything that you don’t really need. Having a basic understanding of the tech aspects that you really need is a great start to any crypto adventure.
Here are 5 essential tech that you need for crypto.
1. A Crypto Wallet
A crypto wallet is one of the first steps in the process of engaging in crypto. It is either software or hardware based and used to check your crypto balance, send and receive transactions, connect to essential decentralized apps and store your private encryption keys. There are generally only two types of crypto wallet, a hot or a cold one. The cold one is the most secure type of crypto wallet, in that it is not connected to the internet at all times. This can be a USB device or even a piece of paper on which the key code is written. A hot wallet can be web based or on your mobile device. Both these should be well protected and always of the highest quality. The crypto wallet is an essential, without which you will not be able to engage in the Web 3.0 digital economy, nor trade and own crypto or digital assets.
2. An Appropriate Smartphone
Most of our engagement in the online world is now done using our mobile devices, it’s just more convenient and they have the necessary computing power. The fact that crypto and blockchain are becoming more widespread has seen the development of smartphones specifically designed for crypto and blockchain usage. Your current smartphone is probably safe and secure enough for your everyday e-commerce interactions, but you may want to consider the blockchain smartphones if you are looking to make crypto investment your thing. However, you will only need a Blockchain smartphone if you intend to use it as your e-wallet, store crypto key codes and process a number of crypto trades.
3. A Really Smart Watch
Crypto is one of the most volatile investments in the world and as such, it is one of those that people need to check on a regular basis. The easiest way to do this is ensure that you have the latest live crypto price indexes such as those offered at OKX.com and are able to see them as they change in real time. It has been argued that the best way to do this is with a smart watch. Some of the top watch makers have also introduced NFT enabled smart watches that will allow transfer and display of NFT’s. Either still images or animated GIFs can thus be interacted with on your smart watch.
4. A VPN Connection
Using a Virtual Private Network (VPN) when using cryptocurrency can provide additional security and privacy by hiding your IP address and location, encrypting your internet connection, helping you bypass government restrictions, and avoiding geo-restrictions. However, it's important to remember that a VPN is not a guarantee of complete anonymity and it's still important to take additional security measures to keep your cryptocurrency transactions and private keys secure.
5. Security Software
Security software can help protect your cryptocurrency investments from malware, unauthorized access, and phishing attacks. Examples of security software that can be useful in this context include antivirus software, firewalls, two-factor authentication, password managers, encryption software, and anti-phishing software. However, it's important to use these security measures in combination with other best practices, such as securing your private keys and using reputable wallets and exchanges.
Before you rush headlong into crypto, you would be well advised to have the right tech at hand. Be it hardware or software there can be no successful crypto investment or usage without the tech as discussed in this article.