How to use a crypto wallet?

Download the necessary software from the crypto wallet company. Set up your account. Use the digital address or QR code provided by the wallet to start accepting asset transfers. Some wallets can also integrate directly with major crypto exchanges. Follow the wallet’s process for transferring over your assets.

What is a cryptocurrency wallet?

Digital security background. Crypto wallets are like online bank accounts for your cryptocurrencies but with a few key differences: cryptocurrency wallets are not backed by government deposit schemes, they only hold cryptocurrencies (no regular money here) and, crucially, you are in control of your funds at all times.

Do crypto wallets hold cryptocurrencies?

Contrary to popular belief, crypto wallets do not physically hold cryptocurrencies like the wallet in someone’s pocket. Crypto wallets store the public and private keys required to buy cryptocurrencies and provide digital signatures that authorise each transaction.