What is a Crypto Wallet?

what is a crypto wallet

What is a crypto wallet? Understanding the software that allows you to store and transfer crypto securely

You can’t fold up a bitcoin and put it in your wallet. Yet you can hold the keys to your crypto by using a crypto wallet of your own.

A crypto wallet is a software program or physical device that allows you to store your crypto and allow for the sending and receiving of crypto transactions. A crypto wallet consists of two key pairs: private keys and public keys. A public key is derived from the private key and serves as the address used to send crypto to the wallet.

Read more on Insider: https://www.businessinsider.com/crypto-wallet


Posted on

April 6, 2023

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