What is a crypto currency wallet?
Now that you’ve learned what a crypto currency is, how do you go about getting some? First you’ll need a place to store your crypto currency which is known as a wallet. Each wallet is specific to a currency and cannot store multiple types of currencies in the same wallet. So, if you have different types you’ll need a different wallet for each one. The wallet can be downloaded from the specific crypto currency's website.
Online & Offline
Wallets mainly fall into two categories, online (also known as a hot wallet) which are always connected to the internet and offline (also known as cold storage) that is not connected to the internet. The difference between the two are mainly for security against theft.
The great thing crypto currency is that you are in control of your own money and with this responsibility you are also responsible for protecting it by using best practices to keep your crypto currency secure.
Last update on March 28, 3:13 pm by Crypto-city.