What is a wallet & how does it work?

Your wallet is a tool for interacting with your Ethereum account. That means you can swap wallet providers at any time. Many wallets also let you manage several Ethereum accounts from one application. Wallet providers don't have custody of your funds. They just provide you a window to see your assets on Ethereum and tools to easily manage them.

What is a crypto wallet?

This is where crypto wallets come in. They allow users to manage all of their cryptocurrency balances in one place and support easy transfers through the blockchain. Some wallets allow users to sell or buy assets, as well as interact with decentralized applications (dApps).

What is a digital wallet?

A digital “wallet” is a place to keep your cryptocurrency. If you want to own or use Bitcoin (or any other altcoin) you will need a wallet to keep them in. I will keep things simple and just go over the basics and then give some recommendations on my top wallets of 2017.

Why do I need a wallet?

This is used to identify your digital assets. A wallet is a tool that lets you interact with your account, using your keys. It allows you to view your account balance, send transactions, and more. Most wallet products will let you generate an Ethereum account. So you don't need one before you download a wallet.