CRYPTO GLOSSARY · SECURITY

What is Wallet?

Software or device that stores cryptocurrency.

📖 Full Definition

A cryptocurrency wallet is a software program or hardware device that stores private keys and allows users to send, receive, and manage their cryptocurrencies. Wallets can be hot (online) or cold (offline) for varying security levels.

💡 Example

MetaMask is a popular hot wallet, while Ledger and Trezor are leading cold wallets.

🔗 Related Terms

Private Key

Secret code that controls cryptocurrency access.

Seed Phrase

Recovery words for restoring crypto wallets.

Cold Storage

Offline cryptocurrency storage for security.

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