What is a multicurrency wallet and why do you need it?

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A multicurrency wallet is a program responsible for storing one’s public and private keys and carrying out operations with numerous owned crypto assets. It allows you to send, receive, and check the available balance of your cryptocurrencies. Why are they important? They are totally necessary if we want to have any cryptocurrency since it is used to store and carry out transactions. Making a simple comparison one could say that it is similar to a bank account. Usually, in our day-to-day, we carry out a series of actions when we use traditional money (fiat): collect payroll at the bank, make bank transfers, shop in stores, etc. When we talk about crypto, all the previous steps can be done with your cryptocurrency digital wallet.
When you are new to this world of cryptocurrencies, owning the best multi-coin wallet that fits your needs and stores multiple currencies on top of that becomes essential. However, the fear of the unknown can stop you from choosing one out of so many options. It is natural to fall into this dilemma. That’s why it is important to familiarize yourself with their use and here are some of the best multicurrency wallets to choose from.
Source: https://swapspaceco.medium.com/top-7-multicurrency-wallets-2020-703889f5bd3b