Introduction

Good morning my fellow steemians in @steem4bloggers,I must say I'm very happy to be here all thanks to @waqarahmadshah for organizing such amazing contest for my fellow steemians to participate.

A cryptocurrency wallet is a device, physical, program or an online service which enables the crypto traders to stores their cryptocurrency with the use of the public and private keys provided for cryptocurrency transactions.

Crypto wallet can also be referred to as a user interface which allow yiu to send and receive cryptocurrency and manage the assets you are storing on the blockchain, and this is possible by storing your private keys and public keys.

In the crypto lines they're several types of crypto wallet which i will be listing below on how it works.

Hardware wallet: An hardware wallets are physical devices designed specifically for storing cryptocurrencies in a safe and secure manner ,they include biometric locks and they actually look like USB drives.

Mobile wallet:A mobile wallet are smartphone designed applications that provided for crypto traders to manage their cryptocurrency,anf it provides a convenient way to traders enabling them on sending and receiving cryptocurrencies.

The mobile wallet are the common wallet that traders are use to cause they are easy to navigate and they're installed in the mobile phone which is actually ease to carry along,some e.g are Binance wallet,Roque wallet,Trust walle etc.

Desktop wallet:A Desktop Wallet is a common type of crypto wallet used to securely store and manage your private keys on a computer hard drive. The desktop wallet is exactly the same as a mobile wallet with one exception, the private key is stored on a desktop application rather than a smartphone application.

Paper wallet:A paper wallet is a physical document that contains a printed version of our public and private keys. It's considered one of the most secure source of storing of public and private keys.

Brain Wallet:A brain wallet is a type of wallet where the private key is derived from a passphrase or a sequence of words that the user chooses and in his or her brain or rather store it in jotting it down for future reference.

They're several reasons behind why crypto traders in particular needs crypto wallet , But the main reasons is because cryptocurrency is a digital currency which can not be access physically but with the use of crypto wallet to enable the the traders to send and receive the cryptocurrency .

The crypto wallet also enable the traders to be able to store their cryptocoins by storing the private key and public keys. Some wallet also enables traders to trade their cryptocurrency.

A private key is a large, randomly generated string of alphanumeric characters with hundreds of digits. This secret number acts as a password to protect a cryptocurrency holder and is the key to unlocking access to the virtual vault that holds your cryptocurrency.

I will like to invite my friends to participate in this wonderful contest:@jozzie90,@jeph001,tripsy

CC:@patjewell,@goodybest

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