What is a Crypto Wallet?
The use of a crypto wallet is a crucial first step to using Bitcoin or any other cryptocurrency in circulation. Crypto wallets are a software program that stores the public and private keys necessary for trading various cryptocurrencies through the blockchain.
Think of a crypto wallet like you would a bank account as the two are very comparable. Just as how your bank account serves as an interface to the conventional monetary system, a crypto wallet operates in the same way.
The private and public keys stored within a crypto wallet serve as nodes that allow the wallet holder to send and receive crypto tokens along with monitoring account balances. What makes a crypto wallet different from a bank account is that it does not store currency at all, only records of transactions.