What is a crypto wallet?

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 (which looks like a USB stick) to mobile apps like Coinbase.

Why are crypto wallets important?

Unlike a normal wallet, which can hold actual cash, crypto wallets don’t store your crypto.

How do you use a crypto wallet?

Paper wallets

Difference between the Coinbase app and Coinbase Wallet

The main Coinbase app allows you to buy and sell crypto or exchange it for fiat currency and transfer it to a bank account.

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