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
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