21 views
in Cryptocurrency by (10.6k points)
What is a wallet in the context of cryptocurrency?

Please log in or register to answer this question.

1 Answer

0 votes
by (16.6k points)
A cryptocurrency wallet is a digital tool that allows users to securely store, send, and receive digital currencies like Bitcoin, Ethereum, and others. It consists of a pair of cryptographic keys: a public key, which is the wallet address where others can send cryptocurrencies to, and a private key, which is used to access and manage the funds stored in the wallet. There are different types of cryptocurrency wallets, including hardware wallets, software wallets, and online wallets, each offering varying levels of security and convenience for users.

Related questions

2 answers
2 answers
2 answers
asked Jun 9, 2024 in Cryptocurrency by Kelvindhope (16.6k points)
1 answer
...