You can’t own any cryptocurrencies without having a wallet first.
But just what exactly is a crypto wallet and how does it work?
A crypto wallet is a digital wallet that lets you store, send and receive digital currencies like Bitcoin. Most cryptos have their own wallet, or make use of a third party wallet solution.
Despite the fact that there are a wide range of different wallets for different cryptos, all wallets can be categorised into 5 basic categories: online wallets (aka hot wallets), offline wallets (aka cold storage wallets), desktop wallets, mobile wallets and hardware wallets.
Click the links below to learn more about the different wallet options available to you, and when you should use them.