Wallets: Safeguarding Your Cryptocurrency
Wallet is a place where cryptocurrency users can store, send and receive digital assets.
What is Wallet?
Physical wallets are physical devices that can store cryptocurrency private keys – but as an alternative, you can use wallets located online or in mobile apps, and even written down on paper.
It’s also important to distinguish between hot and cold wallets. Hot wallets are connected to the Internet, while cold wallets are not.
As you might guess, desktop wallets are often installed on PCs and Macs, while mobile wallets pave the way for cryptocurrency transactions on the go. Hardware wallets are often considered the most secure and least susceptible to virus attacks.