What is crypto wallet?

Cryptocurrency wallets (or crypto wallets) are an essential tool for anyone interested in using, investing, or trading cryptocurrencies such as Bitcoin or Ethereum.

It is a program installed on your computer or mobile device that stores private and public keys and interacts with various blockchain networks, allowing users to send, receive, and manage their digital assets.

Although they are called “wallets,” crypto wallets don’t actually store cryptocurrencies like a physical wallet holds cash. Instead, they read the public ledger to show your balance, and hold your private keys that allow you to make transactions.