Software or hardware that stores private keys allowing access to cryptocurrency.
Hot wallets (online — MetaMask, Phantom): convenient but vulnerable to hacks. Cold wallets (offline — Ledger, Trezor): much safer for large holdings. "Not your keys, not your coins" — leaving crypto on exchanges carries counterparty risk.
Software or hardware that stores private keys allowing access to cryptocurrency. Hot wallets (online — MetaMask, Phantom): convenient but vulnerable to hacks. Cold wallets (offline — Ledger, Trezor): much safer for large holdings. "Not your keys, not your coins" — leaving crypto on exchanges carries counterparty risk.
In crypto, Wallet (Crypto) is one of the building blocks investors use to compare opportunities and assess risk. Understanding it helps you read research notes, earnings reports, and market commentary without getting lost in jargon.
Hot wallets (online — MetaMask, Phantom): convenient but vulnerable to hacks. Cold wallets (offline — Ledger, Trezor): much safer for large holdings.
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