Asslamo-alikum to all of my friends of Steem Alliance Community.Is everything is ok? my friends.I am fine mine friends, and I'm hoping all friends are fine and good.Today's new topic for posting about cryptocurrency is the one of the main thing in the cryptocurrency.Basically I'm here for posting about wallet and it's types in cryptocurrency.

Definition:- Crypto wallet in cryptocurrency, is a basically store, it can be in the form of different app , web etc.It allows users to store the assets, or send and receive the assets.Crypto wallet is also in the form of software, application and it allows the users to store their private keys for any type of transactions.A wallet is basically used in cryptocurrency for security, it has a private key and a public key that is used during transactions.

In crypto currency, whenever we want to do anything from trading to purchasing, a wallet is necessary for that, so a wallet is basically an application, it is a software, it has a public key and a private key. Yes, if we have to do any transaction, then we send another employee of our public for it, then he sends us as much as he needs to send from here, using his private key, and then we send our private. You can view and use this asset by logging in.

Explanation:- As we all know that crypto currency is a digital currency and it does not have physical exist if we want to carry crypto currency then we have to keep it in online i.e. digital wallet because it has a physical form.No one is in digital form so to carry it two we need digitalities which are crypto currency applications they have private key and public key using both we can also send things in it. We can receive and store as long as we want, it has a lot of security.

Cryptocurrency wallets or digital wallets are used in cryptocurrencies to store whatever crypto assets we have because whenever we need to store something. If we need a specific thing, then a wallet is a specific thing. To use it, it is very necessary to have an internet connection. Whenever we do trading, buying and selling anything, we use a crypto wallet for that, and in it we can store our assets as long as we want.These wallets provides us a better security.

If we have to do any transaction in the crypto currency wallet, then we have to give public key to another person like an address.Does it belong to a specific one? It is a separate one for each wallet and it has to be kept private and not shared with anyone because whoever has it as a private one owns it and if someone has a mistake.If the wallet goes private, then whoever has the wallet can extract all the acid from it, which is very harmful, so what is private should be kept and what is public should be sent to others for transactions is done.

Types:- They have two major types, one isHot wallet and second one is Cold wallet & Then they are categorized into different types which are know as Sofware & Hardware & Paper Wallet.The Hot wallet that is in cryptocurrency requires a lot of internet connection because one is digital and it needs a lot of net and in that we use things to use the case.By doing this we can store our assets in it. You don't need internet for the Cold Wallet, it's just one through which we can do any transaction.

A soft wallet is a software or application wallet in cryptocurrency, and a hardware wallet is another type of wallet in which we store any asset. You can store your things and what is also a paper wallet, whatever wallet is made, if you write it on someone, then they are easy paper wallets. These are all types of wallets, they have different purposes and this All are used to store and transact in cryptocurrencies.

Conclusion:- So friends, that's all about wallet in cryptocurrency.It is a software or a application to store any crypto asset, or can store private keys.It provides us better security, and they are in the form of different types which i has been explained.I hope mine all friends will understand about wallet in cryptocurrency, after reading this post.Good Bye!