What Is A Wallet? Top 14 Crypto Wallets For 2018

in #bitcoin9 years ago

I started carrying a wallet (in my back pocket!) when I was about 12 years old. I still carry a wallet now that I am a bit older (ok ok, yes quite a bit older!), although I carry it in a front pocket to keep it safe. That is basically what a wallet does right? Keep your valuables safe? That is where I keep my USD and credit cards and the same goes for digital assets like Bitcoin or Ethereum. Keep reading for my favorite wallet and a beginners explanation of what a crypto wallet is.

What Is A Cryptocurrency Wallet?

A digital "wallet" is a place to keep your cryptocurrency. If you want to own or use Bitcoin (or any other altcoin) you will need a wallet to keep them in. I will keep things simple and just go over the basics and then give some recommendations on my top wallets of 2018.

A wallet works by storing your cryptocurrency digitally using a pair of "keys". There is a Public Key and also a Private Key, these work in conjunction to secure your crypto so only you can have access (see my article about Basic Crypto Terminology for more on keys). People send you cryptocurrency to your Public Key, but you keep the Private Key safe and never give it out. There are many many different options out there for wallets, as well as...

KEEP READING ON MY WEBSITE: https://www.cryptostache.com/2018/01/11/wallet-top-14-crypto-wallets-2018/
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