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Wallet

Mr. Fomo
Last updated: February 6, 2025 01:36
Mr. Fomo
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A wallet is a digital tool used to store, manage, and transact cryptocurrencies. Wallets can be software-based (hot wallets) or hardware-based (cold storage), each offering a different balance of convenience and security.

They hold the cryptographic keys—both private and public—that are necessary to access and control the digital assets, ensuring that users can safely manage their funds.

Choosing the right wallet depends on individual needs, with options ranging from mobile applications to dedicated hardware devices.

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  • Glossary: Private Key
    A secret code that provides access to your wallet.
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    Holding cryptocurrencies to earn rewards from network operations.
  • Glossary: Ledger
    A record of all transactions on a blockchain; also a brand of hardware wallets.
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