“What is a wallet (crypto wallet)?”
When you buy cryptocurrencies, you don’t keep them in your pocket; you store them in something called a wallet or digital wallet.
Here I explain what it is and why it matters:
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👜 Types of wallets:
1️⃣ Exchange wallet (like Binance)
💻 This is where most people start. Your cryptos are in your Binance account. It’s convenient, but it depends on the security of the exchange.
2️⃣ Non-custodial wallet (like Trust Wallet or MetaMask)
🔐 You have total control. No one else can access it, but if you lose your key, you lose everything.
3️⃣ Cold Wallet (like Ledger or Trezor)
🧊 It is a physical wallet, not connected to the internet. Ideal for storing large amounts long-term.
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💡 Which one to use first?
Start with the Binance wallet while you learn. Then you can explore other options.
📌 Remember:
“If it’s not your keys, it’s not your cryptos.”
When you control the private key, you are the real owner.
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