Crypto wallet: the wallet of the new digital economy.
A safe place for
Bitcoin and cryptocurrencies.
Crypto wallets were conceived for a very simple need: provide a digital tool to allow users to buy, manage and exchange new digital currencies.
The cryptocurrencies, such as Bitcoin, Ethereum, Binance Coin or Dash, to name a few, are exclusively digital assets, linked to various Blockchain ecosystems and without a material equivalent.
A crypto wallet is a wallet that allows you to store, receive and send cryptocurrencies via the web, more or less like we do with a normal home banking service.
Every crypto wallet has its own unique address, the equivalent of the IBAN code, and each transaction is protected by encryption. Most of the cryptocurrencies have a crypto wallet, but there are also multi-platform wallets that allow you to store and manage multiple digital currencies in a single wallet.
How does a
crypto wallet work?
Exactly as it happens for the portal of a bank, at the base of the functioning of a crypto wallet there are codes, called keys: the public key and the private key.
It is mainly used for receiving cryptocurrency and must be sent to the person making the payment. With only the public key, no one can access our crypto wallet or take its contents, so it can be disclosed without any risk.
It is the equivalent of a password or a PIN code and gives access to the crypto wallet, allowing you to spend your cryptocurrencies. For this reason, unlike the public one, the private key must never be shared with anyone and must be kept with extreme care, as the owner of the key is in fact also the owner of all the digital assets contained.
A tailor-made wallet.
When the need is not simply to trade cryptocurrency but to manage tokens and complex digital assets or those linked to specific projects, it is clear that even the wallet must be studied and customized down to the smallest detail.
Personalization allows you to adapt the technology of the crypto wallet, simplifying or expanding certain functions, in order to make the tool easier and more pleasant to use, taking advantage of a full benefits offered by the Blockchain.
Where do I place my
There are basically two types of digital wallets: those that rely on the internet (hot wallet) and those linked to physical media (cold wallet).
This category of crypto wallet uses web tools to archive and store public and private keys. Hot wallets can be online services or software and apps that can be downloaded to a computer, tablet or smartphone. It is a rather secure technology, but being always connected to the internet they are exposed to a higher risk than cold wallets.
Cold wallet means a series of solutions and technologies that allow you to keep keys offline, safe from malwares, hacking attempts and theft. It can be hardware supports similar to pen drives or hard disks, or real paper wallets (paper wallets). Of course, in this case it is necessary to keep the media in a safe place, as if it were cash or valuables.