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A cryptocurrency wallet is a software program, online platform or a hardware device that holds the keys you use to send and receive various blockchain cryptocurrency tokens. It also lets you look at your cryptocurrency balances. The interface, the way the software looks, helps users to understand their cryptocurrency holdings how much they have in different cryptocurrencies like EthereumBitcoin or Ripple. This is the crucial difference between cryptocurrency wallets and other online money accounts.
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There are three types of Bitcoin wallets: hardware, software, and paper. Hardware wallets are physical wallets with your private keys encrypted in them, software wallets are programs that live either on your computer or on the Internet, and paper wallets are physical documents with private keys.
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This means that you can connect the wallet to your iOS or Android device and do not need a computer. It supports well over 1, cryptocurrencies. This list continues to grow each year as the community asks for support for their favorite cryptos.
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If you're concerned about malicious computer hackers getting access to your wallet, then a paper wallet is one of your best options. There are many ways to get a paper wallet wrong - all of which can result in a total loss of funds. Proceed at your own risk.
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