What is a Wallet?

A cryptocurrency wallet is a digital wallet where cryptocurrency can be stored, received and sent from. It is also used to monitor the balance of cryptocurrency held. Once you get a wallet, you will have a wallet address which can be used by others to send you cryptocurrency.

How can a wallet be created and where?

There are numerous sites online where you can create wallets. It is advisable to do research before choosing a provider as some are more secure than others.

There are also other wallets available. For example: hardware wallets such as a USB, mobile wallets which can be used on your phone, desktop wallets and paper wallets.

The rapid growth of mobile wallets which are used to store cryptocurrency has caused cryptocurrency to be easily accessed. This has clearly supported the growth of virtual currencies.

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