• Crypto wallets protect your private keys — the passwords that allow you to send and receive cryptocurrencies like Bitcoin and Ethereum – safe and accessible. They come in a variety of shapes and sizes, from hardware wallets like the Ledger (which looks like a USB stick) to mobile apps like Coinbase Wallet, which makes using crypto as simple as purchasing online with a credit card.
• Crypto wallets, unlike traditional wallets, do not technically store your cryptocurrency. Your assets are stored on the blockchain, but only a private key can access them. Your keys prove that you control your digital currency and allow you to conduct transactions. You lose access to your money if you lose your private keys. That's why it's critical to safeguard your hardware wallet or utilise a reputable wallet service like Coinbase.

Read More: Why are there so many cryptocurrencies?