Bitcoin
Bitcoin
BTC
$103,171.00
1d: -0.59%
7d: -0.08%
$103,171.00
-0.59%
Ethereum
Ethereum
ETH
$2,473.34
1d: -4.15%
7d: -1.04%
$2,473.34
-4.15%
Polkadot
Polkadot
DOT
$4.61
1d: -3.90%
7d: -9.13%
$4.61
-3.90%
Solana
Solana
SOL
$165.43
1d: -2.88%
7d: -3.96%
$165.43
-2.88%
XRP
XRP
XRP
$2.34
1d: -2.82%
7d: -3.20%
$2.34
-2.82%
Shiba Inu
Shiba Inu
SHIB
$0.00001412
1d: -4.58%
7d: -11.64%
$0.00001412
-4.58%

Wallet

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Table of contents
    1. 0.2. How Wallets Work
    2. 0.4. Why Wallets Matter

A wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It manages private and public keys and interacts with various blockchain networks.

How Wallets Work

Crypto wallets don’t store the actual coins but rather the keys that give access to blockchain-based assets. A private key proves ownership and authorizes transactions, while a public key receives funds. Wallets come in different forms, hot wallets (connected to the internet) and cold wallets (offline), with further categories like mobile, desktop, hardware, and paper wallets.

Why Wallets Matter

Without a wallet, users can’t access or control their crypto. Choosing the right type of wallet balances convenience and security. Hot wallets are user-friendly but more vulnerable to hacks, while cold wallets offer stronger protection for long-term storage. In decentralized finance (DeFi), wallets also serve as gateways to dApps, NFTs, and staking protocols.