What is a crypto wallet?

A crypto wallet, also known as a digital wallet, is a software program that stores private and public keys used to interact with a blockchain network and manage cryptocurrency. It allows users to send, receive, and store digital assets such as Bitcoin, Ethereum, and other cryptocurrencies.

How to choose a cryptocurrency wallet?

The main factor in choosing a cryptocurrency wallet is security. The safest crypto wallet should be reliable and protected from cyberattacks and theft. If you don’t plan on actively using your assets, then a cold wallet crypto is the best option for storage. The cost of the cryptocurrency wallet is also an essential factor for most users.

Do digital wallets store cryptocurrency?

Contrary to popular belief, digital wallets don't actually store any cryptocurrency. Cryptocurrencies are entirely digital, which means you can send or receive them with a corresponding digital wallet on a computer or smartphone.

What is a cold wallet?

Cold wallets are either hardware devices like USB sticks, or paper wallets that store private and public keys to your crypto via non-electronic means. Either way, your private keys are kept completely offline and secure from any online threats.