Difference between revisions of "Cryptocurrency wallet"
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A hardware wallet is a physical device for storing your cryptocurrency. They are considered to be the most secure way to store cryptocurrency because it is protected by a pin code and the device can be stored offline. Some top examples include: | A hardware wallet is a physical device for storing your cryptocurrency. They are considered to be the most secure way to store cryptocurrency because it is protected by a pin code and the device can be stored offline. Some top examples include: | ||
* [[Ledger Nano S]] | * [[Ledger Nano S]] | ||
Revision as of 17:06, 7 February 2018
A cryptocurrency wallet is used to store the private keys and the public keys of an user to allow them to access the blockchain and make transactions.
Wallet Types
Hardware Wallet
A hardware wallet is a physical device for storing your cryptocurrency. They are considered to be the most secure way to store cryptocurrency because it is protected by a pin code and the device can be stored offline. Some top examples include:
Software Wallet
Software wallets utilize desktop, mobile or cloud-based programs to store your private keys and to access the blockchain. This method is often considered to be the least secure way of the three to store your cryptocurrency. Some wallet examples are:
Paper Wallet
Paper Wallets store your private keys on a paper document. They generally have a QR code on the front to help speed up the process of transferring funds to your software wallet. Since the paper wallet is not connected to the internet, it is one of the safest ways to store your cryptocurrency.
