Crypto Wallets:

A cryptocurrency wallet is a software program that stores the private and public keys of a user, which are used to conduct transactions on a blockchain network. A private key is a secret code that allows the owner of a wallet to access and manage their cryptocurrency, while a public key is a code that is used to identify a wallet address on the blockchain network and receive transactions.

A Cryptocurrency wallet enables users to:

• Send and receive digital assets: You can use your wallet to send and receive different types of cryptocurrency.
• Check the balance of your wallet: You can check the balance of your wallet at any time to see how much of a particular cryptocurrency you own.
• View transaction history: You can view the history of your past transactions, including the date, amount, and status of each transaction.
• Generate new addresses: Most wallets allow you to generate new addresses, which can be used to receive transactions.

Cryptocurrency wallets can be divided into two categories:

• Hot Wallet
• Cold Wallet

Overall, a crypto wallet is essentially a digital version of a physical wallet, that allows you to store, send, and receive digital assets, and it is important to choose a wallet that best suits your needs in terms of security, functionality, and ease of use.

<aside> 📢 Never give out your seed phrase or password to anyone.

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Wallets