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We use crypto wallets to keep crypto securely.
There are different types of crypto wallets. The most popular ones are
The right wallet for you depends on what you want to do with your crypto.
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A self-custody wallet puts you in control of your crypto. While non-custodial wallets provide the software necessary to store your crypto, you have to remember and keep your password, known as a "private key" or "seed phrase". If you lose it, you can't access your crypto.
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The hosted wallet is the easiest to set up. When you buy crypto using an app like Coinbase, your crypto is automatically held in a hosted wallet, where a third party keeps your crypto for you. The main benefit is that you won't lose your crypto if you forget your password. However, a hosted walle...
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This wallet is a physical device that stores the private keys to your crypto offline. Hardware wallets are more complex and expensive but have some added benefits, such as keeping your crypto secure even if your computer is hacked.
How to set up a hardware walle...
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The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets:
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