Wallets are applications that store your cryptocurrency. The crypto wallet can be accessed both online and offline. IT had three types of wallets: software wallets, hardware wallets, and paper wallets. It is one of the devices used to store your cryptocurrency keys and it allows you to access the coin. Cryptocurrency is not a tangible currency because it does not have a shape like paper money and we cannot see it. It is only accessible online and it exists on the blockchain. By using a crypto Wallet, we can use transactions for sending and receiving. In essence, it works the same way as traditional banking, but it can only be accessed via the internet.
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