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Questions tagged [locked wallet]

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Emanuele Emanuele Mon Mar 24 2025 | 6 answers 1063

What is a locked wallet?

I'm trying to understand what a locked wallet is. I've heard of crypto wallets, but I'm not sure how a locked wallet differs or what its purpose is. Can someone explain this concept to me?

What is a locked wallet?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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