Guide to Digital Currency Wallets

Dear reader, where do you hold your money? In your wallet, in a bank, under your bed, or you go for all three options? Well, there are valid reasons for keeping the money in different places — the way we keep them. We want to buy flowers and chocolates for our significant other on Valentine’s day paying cash to a seller right away, we are saving money to buy an apartment — we keep money in a bank. Anyhow, you are the only person that has access to your funds: you know where is your wallet and you know pin code for your banking card. The story is no different in the crypto world, except the wallets are a bit more complicated.

Digital crypto wallets are of 2 main types. First, there are hardware wallets — physical devices that usually look like flash drives. Second, there are software wallets, where the closest analogy is an online app that gives you access to your funds.

Original source
https://hackernoon.com/guide-to-digital-currency-wallets-85dd1f1d37c8?source=rss----3a8144eabfe3---4

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