What is a crypto wallet?

In short, a crypto wallet is a tool that you can use to interact with a blockchain network. There are various crypto wallet types, which can be divided into three groups: software, hardware, and paper wallets. Depending on their working mechanisms, they may also be referred to as hot or cold wallets.

What happens if you move Crypto to a non-custodial wallet?

When you hold money on a crypto exchange, like Binance, Kraken or Coinbase, those companies are in control of your cryptocurrencies. But when you move your crypto to a non-custodial wallet, you hold the keys to your wallet.

What does 0x mean in a crypto wallet?

Crypto wallets are so foundational to decentralized finance that some people on Twitter or Discord refer to themselves solely by their cryptocurrency wallet addresses – anyone who introduces themselves with a username that starts with “0x” is referring to their Ethereum address. What is a crypto wallet for?

What is a paper wallet & how does it work?

A paper wallet is a piece of paper on which a crypto address and its private key are physically printed out in the form of QR codes. These codes can then be scanned to execute cryptocurrency transactions. Some paper wallet websites allow you to download their code to generate new addresses and keys while being offline.