Ethereum Wallets Explained Simply (Smart Contracts, Gas, Transactions)

Start trading Ethereum here:

Ethereum wallets allow you to hold Ether as well as to write smart contracts. Beginners will be better off using wallets that do not allow smart wallet functionality as they are much simpler to use.

The best Ethereum wallets for beginners are:
Ledger
TREZOR
MyEtherWallet (MEW)
Exodus
Edge

If you are looking for a smart contract wallet (also known as a full node) take a look at Mist.

Gas is the unit used to measure how much transaction fee you’ll need to pay. It is calculated according to the complexity of your requested action and the traffic across the Ethereum network.

00:33 – Ethereum wallets in a nutshell
01:03 – Ethereum vs. Bitcoin
01:40 – Ethereum accounts
02:58 – Ethereum transactions
3:55 – Ethereum wallet types
07:11 – Ethereum units
07:52 – Gas and fees
11:52 – Ethereum fees summary
12:10 – Conclusion

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