What Is a Crypto Wallet?
The key to storing and managing your crypto safely
A crypto wallet is a tool that lets you store, send, and receive digital assets like Bitcoin, Ethereum, and other cryptocurrencies. But it's not like the wallet in your pocket—crypto wallets don’t actually “hold” your crypto. Instead, they store the keys that let you access and control it on the blockchain.
Let’s break it down.
Public Keys vs. Private Keys
To understand crypto wallets, you first need to know about keys.
Public key: Like your bank account number. Others can use it to send you crypto.
Private key: Like your PIN. It gives you full access to your crypto—and must be kept secret.
Your wallet stores these keys. As long as you control the private key, you control the crypto linked to it.
Types of Crypto Wallets
There are two main categories of wallets:
1. Custodial wallets (like the one in walllet)
A custodial wallet is managed by a service provider—you don’t hold the private key, the provider does. This makes it easier to use and recover, especially for beginners.
With walllet, your crypto is held securely in a custodial wallet. You can buy, sell, and transfer your assets without managing private keys yourself.
✅ Easy to use
✅ Recoverable access
✅ Great for everyday users
2. Non-custodial wallets
In these wallets, you hold the private key. You have full control over your assets, but also full responsibility. If you lose your key, there's no way to recover your funds.
Popular forms include:
Mobile wallets (e.g., apps)
Browser extensions (like MetaMask)
Hardware wallets (physical devices)
✅ Full control
⚠️ Requires more technical knowledge
❌ Not beginner-friendly
Do I Need a Crypto Wallet?
If you're using walllet, you already have access to a custodial wallet by default. It’s ideal if you want to:
Buy and sell crypto easily
Store coins securely
Avoid managing private keys
But if you want full control, you can transfer your crypto to an external wallet anytime. We’ll support you either way.
Stay Safe with Your Wallet
Whether you’re using a custodial or non-custodial wallet, always follow basic safety rules:
Enable 2FA (two-factor authentication)
Never share your private keys or recovery phrases
Double-check addresses before sending
Use trusted platforms like walllet
Final Thoughts
A crypto wallet is your gateway to the world of digital assets. With walllet, managing crypto is simple, secure, and accessible—whether you’re just getting started or going deeper into DeFi.
Want to explore your wallet? Open your app and start with your first crypto asset today.
