Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: Goldlife on May 02, 2021, 03:24:20 PM
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To purchase Bitcoin or other cryptocurrencies, you need an online or hardware wallet to trade and store your digital currency.
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Want to trade Bitcoin or other cryptocurrencies, but don’t know where to begin? One thing you’ll need is a cryptocurrency wallet. Here are the answers to some commonly asked questions, and how to find the best cryptocurrency wallet for you.
What is a cryptocurrency wallet?
A cryptocurrency wallet — also known as a Bitcoin wallet or crypto wallet — functions like a traditional wallet, but instead of paper currency, it holds proof of your digital cash.
A cryptocurrency wallet stores the public and private keys required to buy Bitcoin or other cryptocurrencies, and provides digital signatures authorizing each transaction. These digital wallets can be a device, a program on an app or online website, or a service offered by crypto exchanges.
You’ll need to keep safe and secure your private key that allows you to unlock your crypto wallet in order to trade or spend your cryptocurrency.
More info: https://www.nerdwallet.com/article/investing/best-bitcoin-cryptocurrency-wallet#:~:text=A%20cryptocurrency%20wallet%20stores%20the,service%20offered%20by%20crypto%20exchanges.