What is a Crypto Wallet?
A crypto wallet stores the private keys needed to access and manage your cryptocurrency. It doesn't actually store coins. Those exist on the blockchain.
Wallet Types
- Hot wallets: Connected to internet (MetaMask, Phantom)
- Cold wallets: Offline storage (Ledger, Trezor)
- Smart contract wallets: Programmable (Safe)
Security Best Practices
- Never share your seed phrase
- Use hardware wallets for large holdings
- Verify transaction details before signing