+0.10% Bitcoin (BTC) 91930 EUR
+0.37% Ethereum (ETH) 2139.18 EUR
+0.70% Litecoin (LTC) 74.33 EUR
+0.80% B-Cash (BCH) 419.66 EUR
+0.21% Ethereum (ETH) 0.0234926 BTC
+0.74% Litecoin (LTC) 0.00081709 BTC
+0.55% B-Cash (BCH) 0.00456924 BTC
+0.16% Bitcoin (BTC) 109340.7315 USDC
+0.01% USD Coin (USDC) 0.84 EUR
+0.35% Chainlink (LINK) 11.34 EUR
+0.46% Chainlink (LINK) 0.00012368 BTC
+0.93% Dogecoin (DOGE) 0.14 EUR
+0.65% Dogecoin (DOGE) 0.00000153 BTC
+4.11% Uniswap (UNI) 6.32 EUR
+5.43% Uniswap (UNI) 0.00006837 BTC
+0.62% Cardano (ADA) 0.49 EUR
+0.37% Cardano (ADA) 0.00000538 BTC
+0.44% Tron (TRX) 0.24 EUR
+0.38% Tron (TRX) 0.00000264 BTC
+0.30% Shiba Inu (SHIB) 0.00000984 EUR
-1.73% Zcash (ZEC) 33.78 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
+0.98% Arbitrum (ARB) 0.3279 USDC
+0.57% Chainlink (LINK) 13.23 USD
+0.57% Chainlink (LINK) 13.25948 USDC
+4.34% Uniswap (UNI) 7.324 USDC
+1.15% Ondo (ONDO) 0.66 EUR
+1.12% Ondo (ONDO) 0.78175 USDC
+0.59% Gala (GALA) 0.01 EUR
+0.21% Gala (GALA) 0.01391 USDC
+0.88% Wormhole Token (W) 0.05 EUR
+0.45% Wormhole Token (W) 0.0665 USDC
+0.77% Chiliz (CHZ) 0.02 EUR
+0.51% Chiliz (CHZ) 0.03506 USDC
+0.09% Sand (SAND) 0.2 EUR
0.00% Sand (SAND) 0.2412 USDC
+2.93% Aave (AAVE) 232.9 EUR
+3.07% Aave (AAVE) 273.81 USDC
-1.11% Curve DAO (CRV) 0.42 EUR
-1.09% Curve DAO (CRV) 0.4981 USDC
-1.74% Immutable X (IMX) 0.36 EUR
-2.01% Immutable X (IMX) 0.4236 USDC
0.00% Skale (SKL) 0.07 USDC
-3.35% Beam (BEAM) 0 EUR
-1.36% Beam (BEAM) 0.00577 USDC
0.00% Axelar (AXL) 1.05 USDC
+3.64% Livepeer Token (LPT) 5.28 EUR
+4.16% Livepeer Token (LPT) 6.227 USDC
+0.62% Compound (COMP) 35.18 EUR
-0.04% Compound (COMP) 41.1 USDC
-0.23% Coti (COTI) 0.04 EUR
-0.40% Coti (COTI) 0.0494 USDC
0.00% Portal (PORTAL) 1.1 USDC
-0.25% Sushi (SUSHI) 0.5 EUR
-0.06% Sushi (SUSHI) 0.5886 USDC
+0.24% Pepe (PEPE) 0 EUR
+0.20% Pepe (PEPE) 0.00000966 USDC
+0.08% Optimism (OP) 0.45 EUR
0.00% Polygon (MATIC) 0.2 EUR
-0.36% Solana (SOL) 125.11 EUR
-0.29% Solana (SOL) 0.001363 BTC
-0.42% Solana (SOL) 0.058595 ETH
+0.43% USD Coin (USDC) 0.73 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

What is a crypto wallet?

What is a crypto wallet?

 

If you’re a new trader in a crypto world and want to invest safely, the first thing you need is a place to collect your crypto. The best place to store your funds as a trader is a crypto wallet. This is where you’ll organize your crypto portfolio. When you already have this wallet, you will have a private key that gives you access to your funds. (Important: Only you have this private key, no one else!) 

 

Let's make a comparison with the national banks and the accounts in them. When we are a customer of a bank, we have an account (IBAN) in which we keep our money. Similarly, when we are clients of a crypto exchange, we must have a place to store our coins, this is exactly a crypto wallet. It is not a physical wallet; it is also called a digital wallet.

 

How does a crypto wallet work?

 

Generally, crypto wallets are designed to allow you to securely collect your cryptocurrencies and to have access to them. Technically, crypto wallets don’t store users’ crypto. User’s holdings live on the blockchain but can only be accessed using a private key. This key is the proof of ownership of digital money and only with this key, a user can make transactions.

 

What happens if you lose your key?

 

You need to be careful and avoid losing your key. In case you lose your key, you are no longer able to access your crypto wallet. But if your key is stolen, someone else will have access to your funds. 



Wallets are essential tools for:

  • Manage assets
  • To have control on keys
  • Send and receive cryptocurrencies
  • Shop at stores that accept cryptocurrencies 

 

There are different types of wallets. Which one of them is best for you depends on your personal situation, here are some common types:

 

  • Software Wallet

A Software wallet is software used on your desktop or mobile phone.

 

  • Web Wallet

Web wallets are “hot wallets” basically, it is connected to the internet while a cold wallet is not. But you need a hot wallet to download bitcoins into a portable cold wallet.

 

  • Cold Wallet

A “cold wallet” is any type of wallet that is not connected to the internet, such as a paper wallet or a USB drive.

 

  • Hardware Wallet

This wallet is probably the safest and the best way to store funds.

 

As with any other institution, where you invest and hold your funds, using a crypto wallet is important for your security and safety.