Wallet
Software or hardware that stores the private keys controlling crypto assets. Hot wallets are connected to the internet; cold wallets are kept offline.
Also called crypto wallet · hot wallet · cold wallet
Software or hardware that stores the private keys controlling crypto assets. Hot wallets are connected to the internet; cold wallets are kept offline.
Why it matters
A wallet holds keys, not coins. Whoever has the keys controls the assets, and there is no recovery if they are lost.
Related terms
- Private Key
- Seed Phrase
- Self-Custody
Keep reading
Circulating Supply
The number of tokens currently available to trade, excluding those locked, reserved or not…
Smart Contract
A program stored on a blockchain that runs automatically when its conditions are met,…
Stablecoin
A token designed to hold a steady value against a reference, usually the US…
Bitcoin
The first cryptocurrency, launched in 2009, running on a proof-of-work blockchain with a supply…
Proof of Work
A consensus method in which participants compete to solve a computational puzzle to add…
Layer 2
A network built on top of a base blockchain that processes transactions separately and…