Well done on this beginners guide! You have pretty much grasped the basics of it and used nice clear diagrams!
The one bit that I think you over did was about keys because even I started getting confused about how you described it. You can probably trim it down.
As with banks, there are two components to owning your crypto wallet. The public details/key that are needed to receive money and the private details which you need to access your wallet to send money.
Public Key - in the UK banks, account number and sort code are needed if you want to receive funds. This is called public key in the crypto industry and is a long sequence of numbers and letters.
Private Key - This is akin to your PIN number (or signature or private info) needed to access your bank account so you can send money. The private key (or "seed phrase", depending on the wallet you use) is a long sequence of numbers and letters (or a sequence of 12/24 words).
Don't give your private key to anyone as this is like giving someone your PIN number!
If you wanted more reading material or inspiration, I did a whole blog series like you called Bluffer's Guide To Cryptocurrency but going to be revamping this on a new website soon. I think it would be great to have some articles from you if you'd be interested in doing a few guest blogs?
Thank you! I was a bit nervous that I was getting something wrong, so glad you feel I've grasped the basics.
Is it alright if I edit that in and credit you for your explanation? I appreciate the help and improvements.
I'd love to read your Bluffer's Guide, and I'd be honored to contribute an article or two to your new site. Please keep me posted! 🙏
Yeah man, no worries, feel free to edit as you see fit!
I'll keep you posted about that, still waiting for my website guru to get back to me with an update on the site! Still a way to go to build it but you can't rush awesomeness! The Bluffer's Guide will be re-written a little and the last one I did was quite a few months, maybe a year ago so I can't find it on my profile - I'll keep you posted. Are you on Twitter? Will reach out to you on there.
Edits made :)
And I totally agree. Everything at it's correct pace. Yes, I'm @ryzeonline on Twitter (and just about everywhere else, lol.)