The cryptocurrency wallet allows you to store, send and receive cryptocurrency, which is essentially a digital bank account of cryptocurrency. More specifically, cryptocurrency wallet is a software that stores public keys and private keys, enabling you to manage your digital currency and interact with the blockchain network. Cryptographic currency wallets are now generally divided into software wallets and hardware wallets.

Software wallet:

Software wallet allows users to use cryptocurrency on any browser and mobile device, and usually it also provides some extra functions, which makes it more convenient for users to use cryptocurrency. However, the choice of software wallet must be cautious, because its security is affected by service providers. In fact, most people's requirements are not so high, and under normal circumstances, service providers will not affect the asset safety of individual users, just use software wallets.

Hardware wallet:

Hardware wallet refers to storing the private key of digital assets in a single chip, which is isolated from the Internet and plug and play. Hardware wallet cannot guarantee the security of 100%. For example, if a geek gets your hardware wallet and doesn't know your private key immediately, it may be cracked by violence. It is just one of the safest storage methods compared with other storage methods.

Hot wallets:

A hot wallet is a wallet connected to the Internet. The mobile wallet and PC wallet we use are both popular wallets. The private key is stored in the program. When trading, you usually only need to enter your own password, and the program will automatically call the private key signature to complete the transfer. Generally speaking, hot wallet refers to software wallet.