+1.78% Bitcoin (BTC) 99965.8 EUR
+3.20% Ethereum (ETH) 3186.15 EUR
+2.44% Litecoin (LTC) 96.35 EUR
+5.83% B-Cash (BCH) 477.54 EUR
+1.36% Ethereum (ETH) 0.0321887 BTC
+0.83% Litecoin (LTC) 0.00097364 BTC
+3.97% B-Cash (BCH) 0.00477932 BTC
+1.79% Bitcoin (BTC) 118616.0766 USDC
+0.02% USD Coin (USDC) 0.85 EUR
+5.10% Chainlink (LINK) 15.71 EUR
+3.03% Chainlink (LINK) 0.00015733 BTC
+5.06% Dogecoin (DOGE) 0.2 EUR
+3.55% Dogecoin (DOGE) 0.00000204 BTC
+4.68% Uniswap (UNI) 8.97 EUR
+2.89% Uniswap (UNI) 0.00008989 BTC
+3.61% Cardano (ADA) 0.7 EUR
+1.86% Cardano (ADA) 0.00000709 BTC
+1.07% Tron (TRX) 0.27 EUR
-0.72% Tron (TRX) 0.00000273 BTC
+5.59% Shiba Inu (SHIB) 0.00001207 EUR
+3.67% Zcash (ZEC) 34.86 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
+6.73% Arbitrum (ARB) 0.4469 USDC
+4.97% Chainlink (LINK) 18.27 USD
+5.22% Chainlink (LINK) 18.27435 USDC
+4.57% Uniswap (UNI) 10.438 USDC
+5.61% Ondo (ONDO) 0.88 EUR
+5.66% Ondo (ONDO) 1.0448 USDC
+4.33% Gala (GALA) 0.01 EUR
+4.83% Gala (GALA) 0.01753 USDC
+4.20% Wormhole Token (W) 0.07 EUR
+4.20% Wormhole Token (W) 0.0843 USDC
+5.15% Chiliz (CHZ) 0.03 EUR
+5.18% Chiliz (CHZ) 0.04243 USDC
+4.30% Sand (SAND) 0.25 EUR
+4.49% Sand (SAND) 0.3048 USDC
+4.42% Aave (AAVE) 253.67 EUR
+4.59% Aave (AAVE) 297.83 USDC
+4.79% Curve DAO (CRV) 0.91 EUR
+5.17% Curve DAO (CRV) 1.0722 USDC
+6.14% Immutable X (IMX) 0.48 EUR
+6.47% Immutable X (IMX) 0.5646 USDC
0.00% Skale (SKL) 0.07 USDC
+9.84% Beam (BEAM) 0 EUR
+10.49% Beam (BEAM) 0.00862 USDC
0.00% Axelar (AXL) 1.05 USDC
+4.93% Livepeer Token (LPT) 5.87 EUR
+4.56% Livepeer Token (LPT) 6.897 USDC
+4.32% Compound (COMP) 41.47 EUR
+4.37% Compound (COMP) 48.7 USDC
0.00% Coti (COTI) 0.05 EUR
0.00% Coti (COTI) 0.0595 USDC
0.00% Portal (PORTAL) 1.1 USDC
0.00% Sushi (SUSHI) 0.76 EUR
0.00% Sushi (SUSHI) 0.9026 USDC
0.00% Pepe (PEPE) 0 EUR
0.00% Pepe (PEPE) 0.00001283 USDC
0.00% Optimism (OP) 0.6 EUR
0.00% Polygon (MATIC) 0.2 EUR
0.00% Solana (SOL) 161.18 EUR
0.00% Solana (SOL) 0.0015908 BTC
0.00% Solana (SOL) 0.050551 ETH
0.00% 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.