What Is Wallet (Crypto)?
Definition and plain-English explanation of "Wallet (Crypto)"
A crypto wallet stores the private keys that prove ownership of cryptocurrency on the blockchain. Hot wallets are connected to the internet (exchange accounts, browser extensions like MetaMask) — convenient but less secure. Cold wallets are offline hardware devices (Ledger, Trezor) — much more secure for storing large amounts. Your seed phrase is the master key to all your funds.
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