A wallet is an application for storing cryptocurrency. It allows users to access digital assets, transfer them to other addresses, use them for payment and other purposes.

There are several types of wallets. Cold or hardware wallets are wallets in the form of a separate device, similar to a flash drive. They are considered the safest, since you can use cryptocurrency only with direct access to the wallet and knowing the password for it.

Browser wallets are wallets that are built into the browser as an extension.

Desktop wallets are special applications installed on a computer.

Exchange wallets are wallets that users receive when opening accounts on exchanges for trading cryptocurrency. This method of storing funds is considered the most unsafe.