Popular options include Coinbase Wallet (a separate app from the hosted custodial exchange), Mycelium, and Trust Wallet (which is part of the top crypto exchange Binance). Some of these apps are non-hosted, meaning you'll be responsible for saving and managing your private key to access your cryptos. There are two basic types of blockchain wallets: software wallets and hardware wallets.Ī mobile wallet is software on a smartphone or tablet. What is a blockchain wallet?Ī blockchain or crypto wallet is a way to manage, secure, and use cryptocurrencies such as Bitcoin ( CRYPTO:BTC) and Ethereum ( CRYPTO:ETH) and other digital assets based on a blockchain (for example, an NFT). Here's what you need to know and some points to consider when choosing the type of blockchain or crypto wallet to use. With the rising adoption of cryptocurrencies as an investment asset class, digital payments option, and digital economy facilitator, people who own cryptos should be familiar with blockchain wallets and their uses. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.įollow as a physical wallet allows you to store your money, a blockchain wallet allows you to manage and use your cryptocurrencies and other blockchain-based digital assets. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA.
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors.
0 kommentar(er)
