What is a crypto wallet?

A crypto wallet, also known as a digital wallet, is a software program that stores private and public keys used to interact with a blockchain network and manage cryptocurrency. It allows users to send, receive, and store digital assets such as Bitcoin, Ethereum, and other cryptocurrencies.

What is a desktop wallet?

A desktop wallet is a type of software wallet that is usually non-custodial. This means no central platform or third party has custody of cryptocurrencies belonging to a particular wallet. Only the end-user has the ability to move funds using private keys.

What is the difference between mobile and desktop crypto wallets?

Mobile and desktop crypto wallets are nearly identical from a design standpoint; the only difference is one is on your phone, the other is on your computer. They’re both generally non-custodial hot wallets with a PIN or password and a recovery phrase that allows you to regenerate your crypto wallet.

Do you need a wallet for cryptocurrencies?

Wallets create your public address so you can receive coins and securely store your private key so you can send coins. Another fun fact: you don’t actually need a wallet to store your cryptocurrency, whether it's Bitcoin, Ethereum, Dogecoin or any other of the top cryptocurrencies.