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What is a Crypto Wallet
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To enter into the world of crypto and web3, you need a "crypto wallet.” So, what is a crypto wallet, and how can it help you explore the world of decentralized finance? A crypto wallet (a.k.a. "DeFi wallet”) is essentially a software application that can be installed on your browser, or mobile or can even exist as a physical device. Keep in mind that this wallet for crypto does not hold your cryptocurrencies. Rather, it is a gateway for you to access your cryptocurrencies that are actually stored on the blockchain. The way it works is that it has a public key and a private key. A public key is like a bank account number, which you can share with anyone to receive crypto. A private key is like your ATM PIN or bank account password, which you need to keep safe and use to access your crypto. A crypto wallet stores and helps you manage your private key securely. It also provides you with an intuitive interface to send, receive and manage your digital assets. Not all crypto wallets are created equal. Some are more secure than others, while some are easier to use than others. So, how to pick the best crypto wallet for you?

When you're starting out with cryptocurrencies, one of the most important decisions you'll make is choosing the right crypto wallet. It's a significant first step that can impact the security and accessibility of your digital assets. As you delve into this decision, you'll come across two main options: Custodial crypto wallets and non-custodial crypto wallets. Let's explore these choices further.