Crypto Wallets

What is a Crypto Wallet?

To put it simply, a wallet is a means by which you may interact with the blockchain. Cryptocurrency wallets can be categorized into three broad categories: software, hardware, and paper. There are two types of wallets: hot wallets and cold wallets, depending on how they operate.

Software-based crypto wallet providers are more user-friendly than hardware-based ones. Hardware wallets, on the other hand, seem to be the most secure option. However, the use of paper wallets is today considered outmoded and untrustworthy because the "wallet" is printed out on a piece of paper.