Wallets
Download a wallet and learn how to keep your funds safe
Where to store crypto
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Web, Mobile, Desktop, Hardware
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What is a cryptocurrency wallet?
- A wallet is an app (front-end or user interface) for managing your funds. You can swap wallet providers at any time.
- Wallets allow you to manage your account, like view your balance, send transactions, connect to applications and more.
- Wallets give access to your funds, therefore only you should have access to your wallet!
- Many wallets also let you manage several accounts from one application.
Accounts and addresses
- An account is an entity that can send transactions and has a balance.
- Most wallet products will let you generate an account. So you don't need one before you download a wallet.
- An account has an address. You can use this to send funds to an account.
A wallet is an app for managing your funds, shows balances, transaction history, gives you a way to send/receive funds and more. You can swap wallet providers at any time.
An account is an entity that has an address and a balance that you can use to make transactions like receive and send funds. Most wallets will let you generate and manage several accounts.
Wallets let you connect to many decentralized applications (dapps), that exist and run on a blockchain and are outside the purview and control of a single authority, using your account.
How to choose a cryptocurrency wallet
Best crypto wallets
Types of wallet
Software vs. Hardware wallets
Desktop
Desktop wallets are applications installed directly on your computer. You can use these wallets only when you are connected to the Internet. Since the keys are stored on the computer itself, there is a possibility of theft if the fraudster takes physical possession of your computer.
Mobile
Mobile applications make your funds accessible from anywhere, but you need to choose them carefully, paying attention to their security and authenticity. It is recommended to download applications from the developer’s site, so you will be protected from the possibility of downloading a fake application.
Web
Web wallets that let you interact with your account via a web browser and allow you to access your account from any device. All you need to enter is your private key. Non-custodial web wallets do not keep your keys, they are stored in your browser.
Multi-signature
Multi-signature wallets are designed to have increased security. Multi-signature wallets require multiple parties to agree before any transaction can occur (sign a transaction).
Hardware
Hardware wallets are also known as cold wallet or cold storage and are considered to be the most secure cryptocurrency storage solution because they let you keep your crypto offline. Since it is a physical device that keeps your cryptocurrency completely offline, there is a lesser risk of being compromised.
Custodial vs. non-custodial wallets
Custodial
Custodial wallets are usually software wallets or wallets in exchanges where the private keys are not owned by you. A centralized exchange is a likely target for hackers. The greatest risk of custodial wallet solutions is that if a hacker gains access, you could lose your funds. Therefore, if you plan to store large amounts of money, it is better to choose a non-custodial wallet.
Non-custodial
In a non-custodial wallet, only you have control of the wallet. This means that you own the private keys and, of course, if you lose them, you lose 100% to your funds. Non-custodial wallets vary by the blockchain, but most hardware and software wallets are non-custodial, as long as they provide the private keys to the wallet that’s not known by anyone else including them.
Keeping your funds safe
Protect your crypto in a wallet
Safest crypto wallet
How do I keep my funds safe?
Treat your sensitive data with care
- Never share your:
- SEED phrase
- Encoded SEED
- PRIVATE key
- PASSWORD
Don't lose access to your wallet
What can I share safely?
- PUBLIC wallet address i.e. 3PEMvwtN8d31RQVXqirX5Xux1om8kNNMaqA
- ALIAS - i.e. angry.panda
Your public wallet address
- 3PEMvwtN8d31RQVXqirX5Xux1om8kNNMaqA
Your aliases
- angry.panda