The interest in purchasing cryptocurrencies would subsequently lead you to cryptocurrency FAQs related to crypto wallets.
Crypto wallets are basically platforms for the secure storage of digital assets in comparison to exchanges.
Users could hold a wallet through an exchange account or a custody wallet and even from outside the exchange.
As a matter of fact, cryptocurrency wallets help in storing the private keys to your cryptocurrency on the blockchain.
You can find two distinct variants of crypto wallets such as hot wallets and cold wallets. Users can access the hot wallets with connectivity to the internet through their desktops, mobile phones, or tablets.
On the other hand, cold wallets store private keys to the cryptocurrency of users in offline storage, thereby ensuring better security.
However, you have to focus on the security of the cold wallet itself, which might be in the form of a USB device or paper.
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