What is a crypto wallet
Updated:
⚡ Quick answer
Why you need a wallet, how types differ and how to store funds safely.
Payments · By Denis Satoshi
Why you need a wallet, how types differ and how to store funds safely.
A crypto wallet stores the keys that control your funds on the blockchain. "Hot" wallets (apps, exchanges) are handy for frequent transactions but are internet-connected; "cold" (hardware) wallets are safer for long-term storage of larger sums. For crypto-casino play, it is practical to keep a working amount in a hot wallet and main savings in cold storage. Never share your private key or seed phrase.
★ Promo-code bonus
Start playing on Stake
Crypto, provably-fair games and instant withdrawals
Promo codeAIGAME
- Provably-fair games
- Instant crypto withdrawals
- 35,000+ games
- 24/7 support
18+ · Play responsibly. Geo-restrictions apply.
Related resources
Guides, tools and sections to go deeper
Related guides
FAQ — What is a crypto wallet
In short, what is a crypto wallet?
Why you need a wallet, how types differ and how to store funds safely.
Does this affect my odds?
Remember: the casino has a mathematical edge over time, and provably-fair results are random. Any strategy manages risk but does not change expected value. 18+.
18+ · Geo-restrictions apply. Stake.com is not available in all jurisdictions.