Why are crypto wallets important?

oliverchloe
2022-10-21 09:53:20

Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider like Coinbase.

AndreasMAntonopoulos
2022-10-21 09:53:49

"Not your Key, Not your Cryptos" - everyone should remember this as it's the main factor for using any type of wallet. Article about crypto wallet from coinbase is great for newbies, but i won't recommend others to use that as it's a custodial wallet. Best way to use hardware wallet to keep our crypto safe, IMHO.