what is Crypto Wallet.

General concepts of crypto wallets

A crypto wallet is a special software or hardware tool for storing, sending and receiving cryptocurrencies.

Unlike traditional bank accounts, crypto wallets do not contain the cryptocurrency itself, but only store the keys to access it. Private keys provide full access to your assets, while public keys are used to receive funds.

💬 It is important to understand that losing your private key means losing access to your cryptocurrency, so wallet security is critical.

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