CRYPTO WALLET - WHAT IS IT?
Crypto wallet, is a form of an app or a system that allows users to store, receive and send cryptocurrency. The wallet can be 'hot' - connected to the internet, online and more vulnerable to fishing and hacking, but also easily accessible - or 'cold' - a form of an USB, physical device that is very safe and impossible to hack but also less accessible. No matter in what wallet you want to hold your crypto firstly you have to set up your hot wallet. Some wallets are free to use and some are paid - those ones are of course more invulnerable to hackers, etc. Wallets are of course very good protected, and the protection works very simple, it requires a password and a puzzle from 25 randomly generated english words that are set up in exact order. Every time you want to use the wallet or just see how much crytpo you have on it you need to log into it. It doesn't work like Facebook - you connect to it once for a device and don't have to do it twice - crypto wallets ar...