Crypto wallets: how to safely store and use cryptocurrency?
From this module, you will understand what crypto wallets are, how they function, and how they are divided into two main categories. We will also cover the essential guidelines for secure interaction with crypto wallets, which will help safeguard your cryptocurrency.
4 min
A stores the keys to access on the : the and . The is available to everyone and serves as an account number, for instance, to receive from other users.
The is a secret phrase consisting of 12 or 24 words. Whoever knows the key has full access to the wallet and the cryptocurrency within it. Therefore, the private key should never be shared with other users.
are divided into custodial and non-custodial types. Custodial wallets are akin to bank accounts, where upon depositing cryptocurrency, the user entrusts it to the management of a company. This is not always secure. Non-custodial wallets exist within the itself and are more secure, as only the owners of the private keys have access to the cryptocurrency stored in them.
