How do I create a crypto wallet?

Creating a crypto wallet is as easy as installing software on your mobile device or laptop/desktop. When you install the app, your crypto wallet is automatically created. You can then receive cryptocurrencies and digital assets to your wallet immediately, store them safely, and use them as you please. Which crypto wallet should I choose?

What is a cryptocurrency wallet?

So, the term ‘wallet’ is somewhat of a misnomer, as crypto wallets don’t actually store cryptocurrency in the same way physical wallets hold cash. Instead, they read the public ledger to show the balances in a user’s addresses, as well as hold the private keys that enable the user to make transactions. Not Sure What a Public or Private Key Is?

Why should crypto wallets be kept secret?

Instead, crypto wallets hold private keys that are used to access cryptocurrency. The keys are used to generate public keys and wallet addresses, which can be shared with others to safely receive cryptos. Private keys should always be kept secret because they give someone full control of the crypto.

Should you use a desktop wallet for cryptocurrency?

Desktop wallets are convenient for crypto users as you don’t have to visit a website to access and interact with your coins. Also, most desktop wallets support multiple platforms, meaning that you can access your cryptocurrency holdings from mobile, tablet, and other devices as well.