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Wallet

Beginner

A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. Wallets can be software-based (like mobile or desktop apps) or hardware-based (physical devices). They contain public and private keys for transaction security. Hot wallets are connected to the internet (online) and are convenient but more vulnerable, while cold wallets are offline and offer extra protection. Choosing the right type of wallet depends on how often and how securely you plan to use your cryptocurrency.

Related Words

Wrapped Token

Intermediate

A wrapped token is a version of a cryptocurrency created to work on a different blockchain. For example, Wrapped Bitcoin (WBTC) allows BTC to be used on Ethereum, providing access to DeFi apps and services.

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Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
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