Since your cryptocurrency holding live in the blockchain, it stores information about your public and private keys and the amount of crypto you own. Private keys also enable users to check their balance and send and receive cryptocurrencies quickly. If you lose your private keys, you lose access to your crypto. These keys are vital since they help secure the crypto coins in your wallet. Crypto wallets have private keys that give users access to their coins. What is a cryptocurrency wallet?Ī cryptocurrency wallet is a software program that lets users store their crypto holdings. You can then transfer the funds to a wallet you control, like MetaMask. Most crypto exchanges allow you to create a wallet automatically when you buy crypto on their platform. Creating a crypto wallet is as easy as installing an app on your mobile device or desktop. If you’ve decided you want to buy some crypto, you’ll need to create a cryptocurrency wallet to keep your coins safe and accessible.
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