WHAT IS: Crypto Wallet
Have you ever wondered how you hold your crypto? The cryptocurrency wallet is the key!
More often than not, people find themselves lost in the allure of holding money, splurging on different products even when it’s not needed. But what happens when the money isn’t in your pocket or bank account, but in crypto?
That’s where a crypto wallet comes in. Think of it as the digital version of your regular wallet. But instead of cash or credit cards, it holds your Bitcoin, Ethereum, or whatever crypto tokens you own. They basically help you to store, manage, and interact with the cryptocurrencies you own. And unlike a bank, there’s no customer support line to call; if you lose access, you're fully in control.
What is a Crypto Wallet?
A Crypto Wallet is a safe tool that allows you to manage your digital assets. Whether you’re buying NFTs, sending tokens to a friend, or just holding for the long term, you need a wallet to do any of that.
In this explainer video, you will learn what a crypto wallet is, its operation, the main differences between hot and cold wallets, and its benefits.
Video Script & Editing: Kelechi Edeh & David Adubiina / Techloy.com
