What are Crypto wallets ?

What are Crypto wallets ?

what are crypto wallets they are digitalized tools to secure and store cryptocurrencies like Bitcoin ethereum and others unlike traditional Banks they are decentralized the wallets come in many types software wallets like desktop mobile and web wallets mobile and desktop wallets are apps or software you download from the internet to trade crypto however web wallets are operated from a browser and are always connected to the internet receiving crypto is fairly easy each wallet user has a wallet address that you could share to receive and send crypto there is something called a private key that allows you to access and manage your funds this key should not be disclosed to anybody except you although web wallets are considered more prone to malware and hacking they are the easiest to access and operate a few ways of ensuring security are to choose wallets that have a proven track record of security using a robust password make sure your software is updated financial goals way of operations and risk tolerance are factors that should be taken into consideration before choosing the types of wallet people usually chose hot wallets for day-to-day trading and cold wallets for long-term storage or investment thanks for watching

Digital wallets

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a href=”https://www.flaticon.com/free-icons/password” title=”password icons”Password icons created by Those Icons – Flaticon/a

a href=”https://www.flaticon.com/free-icons/crypto” title=”crypto icons”Crypto icons created by Valter Bispo – Flaticon/a

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DISCLAIMER : In under NO Circumstances this is Financial advice, please do your due- diligence .( Research before you invest in any venture)