TECHNICAL CONCEPTS
Wallet (Cryptocurrency Wallet)
Definition
A cryptocurrency wallet is a software or hardware tool that stores your private keys and allows you to send, receive, and manage your cryptocurrency. It doesn't actually store coins, but provides access to them on the blockchain.
Example
Example
MetaMask is a popular browser wallet that lets you interact with DeFi protocols, while Ledger is a hardware wallet for secure offline storage.
Risks to Consider
Risks
- Loss of access
- Hacking
- User error