What is a Crypto Wallet?

Lesson 2

WHAT IS A Crypto Wallet?

Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive cryptocurrencies like Bitcoin and Ethereum. They come in many forms, from hardware wallets like Ledger (A cold srorage wallet) to mobile apps like Metamask Using an app like Metamask gives you easy access to your crypto holdings. Note that Cold storage wallets are a safer option than hot wallets (Metamask) as they are offline and are more difficult to acess thus removing the risk of lost funds. You can Manage, Control Send and receive cryptocurrency to and from anywhere in the world. All you need is the wallet addres of the recipient, also some wallets require you to pay a transaction fee, this varies from different blockchains