No crypto currency without a crypto wallet. Cryptocurrency differs from traditional money mainly in that it is not stored in a wallet or bank, but directly in the ecosystem of blockchains. The coins themselves, information about the distribution of digital assets among users, the transaction history – all this data is stored by the blockchain. They cannot be altered or deleted in any way, except by the complete elimination of the worldwide Internet network, which would be the end of modern civilization.
Why does everyone need a crypto wallet?
It’s simple: Without it, you cannot manage your crypto assets. In a sense, a crypto-wallet is like a banking application like from your bank. But unlike EUR or other Fiat coins, which you can only get through a financial institution, payments with virtual coins are only made on the web. Therefore the choice of crypto wallets should be approached with the utmost care.