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Wallets For Cryptocurrency: An Overview:

Introduction

  • Used to exchange crypto with other users
  • Storage medium for private and public keys
  • Helps maintain account balance

    • Types of wallets

  • Numerous types based on users’ needs
  • Based on internet connectivity - hot and cold wallets

    • Hot wallets

  • Requires an internet connection to store private and public keys
  • Used on smartphones, laptops or other devices
  • Easily accessible
  • Perfect for regular transaction use
  • Can be vulnerable to online hackers

    • Cold wallets

  • Function offline
  • Access keys are stored safe from hackers
  • Hardware wallets - store keys in devices (USB)
  • Paper wallets - printout of public and private keys

    • Wallet development

  • Numerous development companies available
  • Infinite Block Tech is reputed
  • They develop cost-effective and seamlessly working wallets
  • Build your own Whitelabel cryptocurrency wallet in no time!