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

Start trading Ethereum here: https://bit.ly/3brrhpFEthereum 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:LedgerTREZORMyEtherWallet (MEW) ExodusEdgeIf 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 nutshell01:03 - Ethereum vs. Bitcoin01:40 - Ethereum accounts02:58 - Ethereum transactions3:55 - Ethereum wallet types07:11 - Ethereum units07:52 - Gas and fees11:52 - Ethereum fees summary12:10 - ConclusionFor the full text version including wallet reviews visit our site:http://bit.ly/2RFOvOqJoin our 7-day Bitcoin crash course absolutely free:http://bit.ly/2pB4X5BLearn ANYTHING about Bitcoin and cryptocurrencies on our channel:http://bit.ly/2BVbxeFGet the latest news and prices on your phone:iOS - https://apple.co/2yf02LJAndroid - http://bit.ly/2NrMVw2See anything we haven't covered? Leave us a comment in the comment section below