What is a Crypto Wallet?

A **crypto wallet** is a tool that allows you to store, send, and receive cryptocurrencies. Unlike traditional wallets, it does not store physical money but instead holds **private keys** that give you access to your funds on the blockchain.

Types of Crypto Wallets

• 🔥 **Hot Wallets** – Always connected to the internet, providing **quick access but less security**. Learn More ➜
• ❄️ **Cold Wallets** – Offline storage offering **higher security against hacks**. Learn More ➜

Popular Crypto Wallets

• 📱 **Software Wallets** (Hot Wallets):
  • 🔹 MetaMask – Popular for Ethereum & Web3.
  • 🔹 Trust Wallet – Multi-chain wallet with user-friendly features.
• 💾 **Hardware Wallets** (Cold Wallets):
  • 🔹 Trezor – Secure offline storage solution.

Step-by-Step Guide to Setting Up a Wallet

1. 🔹 **Choose a Wallet** – Decide between **hot or cold wallets** based on security needs.
2. 🔹 **Download & Install** – Get the official wallet app from the provider’s website.
3. 🔹 **Create a New Wallet** – Follow the setup instructions and generate a wallet address.
4. 🔹 **Secure Your Seed Phrase** – Write down your **12-24 word recovery phrase** and store it safely offline.
5. 🔹 **Enable Security Features** – Activate **2FA, PIN codes, or biometric authentication**.

Start Using Your Crypto Wallet

Now that your wallet is set up, you can **send, receive, and store cryptocurrencies** securely. Always double-check wallet addresses before transactions.

Next: Create an Exchange Account ➜