What is a Crypto Wallet?
Cyrpto Wallet : Crypto Wallet
A wallet that stores a user's crypto coins and allows users to send and receive coins to other users. There are many forms.
Hot Wallets and Cold Wallets
Hot Wallet is a crypto wallet that can connect to the internet. Emphasis on easy access Suitable for traders who need quick access to their wallets.
Cold Wallets are crypto wallets in the form of hardware wallets that store keys. therefore has high security and no risk of being hacked Suitable for investors who want to hold coins for a long time.
Types of crypto wallets
Software Wallet
- Desktop Wallet is storing coins in a wallet file downloaded to the Desktop file name “wallet.dat” with a password to access the file.
- Mobile Wallet is a crypto wallet on a mobile phone. By using an application to collect coins that emphasize ease of use
- Web Wallet is a crypto wallet that is located on the web browser. Emphasis on easy access that just enters the web page, can access the bag straight away. So there are security disadvantages.
Hardware Wallet
It is a digital wallet that is considered highly secure. and can collect any number of coins It can also be implemented without the use of specific software.
Paper Wallet
This involves writing down or copying your Private Key on paper instead of storing it online. To prevent hacking or malware attacks
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