What is a crypto wallet?

Cryptocurrency wallets don’t actually store cryptocurrency. Cryptocurrency wallet provides access to your cryptocurrency, that is stored in a blockchain. Crypto wallets also support transfers.

There are two main keys associated with the wallet:

• private

• public

Private key is a sequence of random characters. Never ever share the private key with anybody. Keep it in a safe place. Private key allows you to access your wallet.

Public key is like a bank account number, you use it to send and receive cryptocurrency.

There are two main types of crypto wallets:

• Hot wallets (software)

• Cold wallets (physical)

Cold wallets:

• Offline wallets. Can be a hardware wallet, paper wallet.

• Reduced probability of the online hacker attack

• Not so convenient to use on a daily basis

Hot wallets:

• Supported by TheCurated.app

• Online wallets, connected to the internet. Can be a mobile app, browser extension, desktop app.

• Can be a target for an online hacker attack.

• Easy to use on a daily basis