What are CryptoWallets?

[Suba]

Crypto wallet is a platform for storing, receiving, and sending cryptocurrency, but currently there are many crypto wallets that have been updated or added features such as swap and stake features. There are two types of cryto wallets that we know, namely hot wallets and cold wallets. The first time you create a crypto wallet you will get a private key and a public key.

 

[Magnus2022]

You have answered your question perfectly. Now, many cryptocurrency exchange use to have wallets embedded into their site. I have other wallets but I prefer to use exchange wallets because they don't require private and public keys.

 

[nomad]

You should be using cold wallet instead of hot wallet if you want to safeguard your assets, but sadly a lot of us end up using hot wallets.

 

[Shavkat]

Speaking of this term, it is obvious that this an online wallet for cryptocurrency. The other features follow if using transactions, transfer, receiving, etc.

 

[cherry123]

You should be using cold wallet instead of hot wallet if you want to safeguard your assets, but sadly a lot of us end up using hot wallets.

Please what's the difference between the two cold and hot wallets I'm not really into crypto

 

[hastral45]

Crypto wallet is just like your account no through which you can send and receive financial payments to/from another person.

 

[Imran Noori]

You should be using cold wallet instead of hot wallet if you want to safeguard your assets, but sadly a lot of us end up using hot wallets.

Definitely, cold wallets are more secure than hot wallets.

 

[SHAHID987]

When I started working in noise.cash the site guided me to open bitcoin wallet so I opened it and now it is working till date the money which I am getting from here are directly transfered to my wallet.

 

[Golden9]

I only use trust wallet online. If I had up to one Bitcoin or an equivalent of that, I would surely get a cold wallet especially after watching how people lost their money on FTX.

 

[nomad]

Definitely, cold wallets are more secure than hot wallets.

But sadly, not many people can afford to have a cold wallet. Hor wallets are free to use.

 

[Blessed19]

Crypto wallet is a platform for storing, receiving, and sending cryptocurrency, but currently there are many crypto wallets that have been updated or added features such as swap and stake features. There are two types of cryto wallets that we know, namely hot wallets and cold wallets. The first time you create a crypto wallet you will get a private key and a public key.

As you have said already that crypto wallets are places where we store up crypto coins online as it is and it provides on with the platform to trade their coin, send and receive from third parties. Crypto wallets are even more than just storing and trading crypto coins but also you can mine, swap coins etc.

 

[relcap23]

When I started working in noise.cash the site guided me to open bitcoin wallet so I opened it and now it is working till date the money which I am getting from here are directly transfered to my wallet.

I also have that Wallet address in BCH created relative to noise.cash but it cannot receive from coinpayu. By the way are you still on noise? they have reformatted and I don't know how to earn in the new format.

 

[cherry123]

You can use crypto wallets to store up crypto coins online. you can use them on the platforms where you can trade their coin, send and receive from different people

 

[Suba]

As you have said already that crypto wallets are places where we store up crypto coins online as it is and it provides on with the platform to trade their coin, send and receive from third parties. Crypto wallets are even more than just storing and trading crypto coins but also you can mine, swap coins etc.

You are right, currently there are many uses for crypto wallets such as crypto staking, as well as a bridge between blockchains so that we as users will find it easier to use a crypto wallet that has more complete features.

 

[uptrendfinancialsignal]

The crypto wallet is used for storing your cryptocurrency assets.

 

[Shavkat]

As you have said already that crypto wallets are places where we store up crypto coins online as it is and it provides on with the platform to trade their coin, send and receive from third parties. Crypto wallets are even more than just storing and trading crypto coins but also you can mine, swap coins etc.

I only use coins.ph for local purposes and coinbase for international. The downside is that I do not use them often. I am more on having my payment through PayPal. At some point, my salary can only be received through GCash.

 

[Smalto]

Absolutely correct, this is just a true meaning and definition of a crypto wallet, you're also given some key phrases, should incase your wallet has issues or get missing, you can always get back your assets with the help of providing your phrase, everything will be restored, but those phrases should be kept secret.

 

[Suba]

In fact, crypto wallets do not physically store crypto but crypto remains in the blockchain, so that when a user creates a new wallet they will get access to the blockchain through that wallet, so what is stored in the wallet is the public address, private key and signature of the transaction.

 

[Hate2Wait]

The wallet should be safe and has lower fee and should have the option through which we can swap to any currency we want

 

[Suba]

The wallet should be safe and has lower fee and should have the option through which we can swap to any currency we want

Currently, there are many crypto wallets that update or add to their features so that they can meet user needs, are transparent and have low fees, and are also safe from hacker attacks.