Glossary Term

Cryptocurrency Wallet

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Cryptocurrency wallets differ in type, functionality and hold different levels of security. Their main purpose is for users to send, receive and store their coins. Online wallets are essentially websites where you can log in through a browser and manage your cryptos. Software wallets are installed on your personal computer and you use them like you would use a traditional installable software. Hardware wallets usually come in the form of a USB that holds your private keys. Once you plug it in to your device, you’re able to safely sign transactions. Lastly, paper wallets are exactly what it says on the tin: printed pieces of paper that hold your private keys and are stored away in a safety/deposit box.

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what is the meaning of a cryptocurrency wallet

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