Once you’ve purchased cryptocurrency, you need to decide how you want to store it. Here, we break down crypto wallets. Summary Owning cryptocurrency requires using a crypto wallet to store your funds. There are many different types of crypto wallets. A crypto wallet can be hosted online, or it can be software downloaded on your phone or computer or a specialized piece of hardware, among other options. Regardless of the crypto wallet type, they all store public and private keys which control the associated crypto and allow you to send and receive cryptocurrency. Transactions are then completed on the blockchain using the keys held in your wallet. Contents Understanding Crypto Wallets Hot Wallet, Cold Wallet, or Both? Custodial vs. Non-Custodial Wallets Different Types of Crypto Wallets Wallet Security Best Practices Choose the Best Crypto Wallet For Your Needs Understanding Crypto Wallets There is no perfect crypto wallet , each different type of crypto wallet has pros and c...
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