GeoSyn Mining Wallet Tutorial

Mark Hopkins: [00:00:06] Hello, my name is Mark Hopkins, I am the director of blockchain for Geosyn Mining, and today we’re going to be talking about your wallet device. So as a client of Geosyn Mining, we’re going to be providing you with a storage device for your cryptocurrency is going to look a little bit like this. And today I’m going to walk you through how to use it, what it’s used for and why you want it. I can cannot tell you how many times in the last 10 years of me supporting cryptocurrency clients, individuals interested in the space. How many times I’ve had to support somebody who’s lost their phone or lost their computer or lost their private keys? This is a device that’s going to help you store your non-trivial amount of cryptocurrency in some way. That’s going to be a little bit more secure than just keeping on your phone, walking around because you don’t want to leave it in Uber and then suddenly you’ve lost access to everything you’ve mined. This device comes pre-configured with a bunch of wallets that we vetted to be safe. And as long as you keep this device turned off when not use charged up and ready to go and kind of use team management best practices that we’re going to discuss here, you won’t ever have to worry about whether or not you’ve lost your cryptocurrency with with this device. So you’ll see when you load it up for the first time that you’ve we’ve got an app here called BitPay. That’s the first thing that you’re going to see. This is up in a category of apps that will allow you to easily spend your cryptocurrency with using just a debit card or other other ways while still maintaining private key control over your cryptocurrency. Below that, we’ve got some digital exchanges that have been pre-selected but have an app. One of them is called ShapeShift. Another one’s called Binance was a couple of others. Here they are varying types of exchanges that you can either use that log in with your name or in the case of ShapeShift, you can use it as a decentralized application. You don’t even have to log in anywhere, and you can convert your bitcoin to other types of cryptocurrency. This middle category of applications is where you’re going to spend probably most of your time using this device. These are your cryptocurrency wallets. The one that we recommend you use to get things started is one called coin only. What you’ll want to do is once it loads up, you’re going to create a new wallet. Now, if you’re here in the office while you’re signing up, we’ll walk you through some of this process. But if you’re doing this at home, pay attention. This is the part where you’re going to want to write down this passphrase, right? It’s going to be stored on this device, but you also want to write it down on a piece of paper in case for any reason you lose this device. This device fails and you can then restore your cryptocurrency wallet on any device in the world, not just the one that we give you. So after you’ve written this phrase down, not this phrase, but the one on your device, you’ll be asked to reenter it back in here and the correct order, and they’ll verify that you’ve done it correctly. You’ll pop into your the next screen where it’s going to ask you to select a password. Now on this screen, you don’t need to create something with a million letters, numbers, special characters, emojis, none of that. This is just going to be something easy to remember that you again, you’re going to have to retype in every time you do a transaction so you don’t want it to be too long and inconvenient. So you type in your password there and then. You’ll be selecting the coins off of this list. Obviously, you’re going to want to select bitcoin. Maybe you’re also interested in using a theory, or maybe bitcoin is the only one you want, but when you do that, it’ll say, you know, it’s generating your wallets, carrying the keys. And in just a moment, we will see what our wallet looks like inside of the app.

Mark Hopkins: [00:04:10] OK, there we go. I agree. And see, here we go, we have your wallet, your wallets listed. I selected bitcoin and Ethereum. You’ll be asked. Once you set up your wallet in your device to provide us with your public address so that we can send you your your your proceeds from your machines once it’s been. Once you, we want to block and we want some bitcoin for you. You’re going to want to select the compatibility address and then either send us a screenshot of this or send us an exact copy of this. Or you want to hit this little copy button up here and send it to us via email and or some other device. Don’t try to write it down because these are case sensitive. You’re going to want to actually just use the copy function and send it to us via some other email application. And then then you’re all set. Now that passphrase that I had you write down just a moment ago. You can then imported into any of these other wallets that we have listed here Samurai Mycelium Trust. You won’t be able to use it in Coinbase, but we have this app installed just in the case that you do need to sell your bitcoin and you’ve already got a Coinbase account. But we do want you to store your bitcoin in the Coin Omi wallet or in one of these other non-custodial wallets. This one here in the middle is called Monero. That is a Monero wallet. We don’t necessarily suggest that you have to use this, but if you do use the Monero cryptocurrency wallet, we we we suggest that this is the only one that you want to to use with this device. Down here, we’ve got a couple of multifactor authentication tools. If you’re signing in to a third party service like one of the exchanges listed up here or maybe Coinbase, they’re going to require you to use one of these multifactor authentication services like Google or Offie. So these are the ones here that you will use for that. And these are the approved browsers. We don’t recommend you install anything other than we have currently on this device. If you do want to install something else, maybe contact us and we’ll tell you it’s a vetted application. But in general, this is the device that needs to stay locked, as is. You want to do software updates to the Play Store, but don’t ever install new applications if you want to keep your device secure. That’s it. That’s that’s pretty much all you need to know about the owning and operation of this thing. Just make sure you turn it on once every few months. Make sure the battery is charged up, but otherwise keep it locked away in a safe or in a in a box somewhere where you keep your important documents and don’t leave it out for anybody else to grab because this is little literally the keys to your kingdom. So again, my name is Mark Hopkins. I’m the director of blockchain here at Juice and Mining. We appreciate you coming on board with us and we look forward to mining some bitcoin together.