🪙If you’re new to crypto and planning to buy, trade, or invest in cryptocurrencies, you’ll need crypto wallets to store them. But which crypto is better for you?
👛A Crypto wallet is not the same as a regular wallet. Unlike a regular wallet where you can store physical coins and bills, a crypto wallet is either a physical or digital storage device for the proof of the cryptocurrency you own. It keeps and stores the public and private keys needed to authenticate and make transactions on your cryptocurrencies.
🔎When choosing a wallet, you should know that there are several different types of crypto wallets, but the two main types can be categorized as "Custodial wallets" and "Non-custodial wallets".
🔐A custodial wallet, it's a wallet service offered by a centralized business that will keep your private key, they are the third-party responsible for safeguarding your crypto assets. A non-custodial wallet, on the other hand, gives users complete control over their private keys and is the only one responsible for protecting their holdings.
👨💼If you are going to use a non-custodial wallet, you have to determine if you better get a “Hot wallet” or “Cold wallet”.
🔥 A hot wallet is a web-based wallet, connected to the internet. Mobile wallets and desktop wallets are all commonly hot wallets.
❄ A cold wallet is normally not connected to the internet. Most hardware wallets are cold wallets. Hardware devices that look like small to medium-sized USB sticks.
Read the full article "Which Crypto Wallet Is Better for You?" here: https://bit.ly/3CAH8kD
Now that you have this guide, you'll have a better idea of what crypto wallet is better for you. To learn more about crypto, join Coinswap Space!
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