What is a crypto wallet & how does it work?

Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money.

What is a hosted cryptocurrency wallet?

In addition to being in full control of the security of your crypto, you can also access more advanced crypto activities like yield farming, staking, lending, borrowing, and more. But if all you want to do is buy, sell, send, and receive crypto, a hosted wallet is the easiest solution. Download a wallet app. Popular options include Coinbase Wallet.

How do I create a cryptocurrency wallet?

But if all you want to do is buy, sell, send, and receive crypto, a hosted wallet is the easiest solution. Download a wallet app. Popular options include Coinbase Wallet. Create your account. Unlike a hosted wallet, you don’t need to share any personal info to create a non-custodial wallet. Not even an email address.

Do I need a public key to operate a crypto wallet?

You'll need to have an understanding of public and private keys to operate your crypto wallet. A public key is like your wallet's address, where other users can send you cryptocurrency.