I’m starting with crypto coins, ADA is my second investment. I’ve been reading about Cardano project and it looks very promising. Yesterday I installed the Daedalus wallet on my Mac, it took like 2h30m to sync the blocks, everything was pretty smooth (I’d read about the process and I was expecting to be slow).
Today I bought my ADA tokens at Binance, and after the transaction was done it took a few seconds to synchronize with the wallet, so I’m pretty happy with the whole process, everything worked smoothly. I’ve read in the roadmap that it will get better with time. Good to know.
I have 3 questions (please forgive my ignorance):
I understand that Daedalus is an online wallet, so the only thing that I need is to keep my password and recovery phrase safe and I don’t need any other backup. Am I right about this?
I’m investing long term, so it would be a good idea to delete the wallet from my computer to protect from possible attacks or do I need to update it from time to time to keep the blocks synced?
I invested before in GVT (Genesis Vision) and to my surprise I need-ed to buy ether to transfer my tokens from myetherwallet to Binance. Do I need gas if I want to move my ADA tokens from Daedalus to Binance? Sorry if this is a really stupid question -but- still don’t get it.
Thanks a lot, HODL Cardano 4 eveeer