What is a crypto wallet
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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.
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Why you need a wallet, how types differ and how to store funds safely.
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