Are you new to crypto world? Want to know more cryptocurrency wallet? No worries, you’re at the right place. In simple words, a crypto wallet is like your ordinary wallet where you store your cash. A crypto wallet is the advanced form of wallet whereby you can buy and sell cryptocurrencies online. It simply stores the private and public keys which you can use to purchase other crypto coins. You would be surprised to know that there’re over thirteen hundred crypto coins operating in the crypto market. Bitcoin is the most popular cryptocurrency that spawned a huge number of cryptocurrencies.
There’re different types of crypto wallets to facilitate different needs. These different types include Hardware Wallets, Paper Wallets, Desktop Wallets, Mobile Wallets and Web Wallets. Hardware Wallets are hardware devices aimed at handling public and private addresses. They are comprised of an OLED screen and some side buttons. You can connect them to your PC or mobile device to use them on the go. Paper wallets are not for everyone, since they require a lot of attention and care from the users. Desktop wallets, as their name suggests, are installable software packages that can be installed on a variety of desktop operating systems such as Windows, Mac, and Linux.
Mobile wallets are the most common type of crypto wallets that are used largely all over the world. It’s so because they’re designed especially for mobile users and are easy to use in comparison to other wallet types. Web wallets are always active and connected to the internet, and therefore they can be accessed through different internet browsers such as Firefox, Google Chrome, and IE.
Have something to say about crypto wallet? Please feel free to let us know your thoughts in the comment section below.
Martin has been following the crypto space since 2013. He is a passionate advocate for blockchain technology, and believes that it will have a profound impact on how people live their lives. In addition to being an avid blogger, Martin also enjoys writing about developments in the industry as well as providing useful guides to help those who are new to this exciting frontier of finance and technology.