Crypto wallets are used to store cryptocurrencies. A cryptocurrency wallet is a mobile application, a special program or a separate stand-alone device designed to carry out all operations with tokens.
There are five types of wallets in the digital world: software wallets, online wallets, hardware wallets, mobile wallets, and paper wallets. Let's talk briefly about each of these types.
Software wallets store money on a computer's hard drive. Their advantage lies in a fairly high level of security.
The downside is that a lot of space is required for storage: the size of information can be higher from 150 gigabytes for only one cryptocurrency.
Online wallets store your tokens on third-party servers (in the cloud). Tokens can be used from any device. Mobility fees – low security. When hacked, all tokens are lost.
The same advantages and disadvantages of mobile wallet applications that are installed on phones and tablets. If the phone falls into the hands of scammers, you should say goodbye to cryptocurrency. Thus, there is no simple answer to the question of how to use cryptocurrency through a crypto wallet.
A much more secure hardware wallet is a standalone device. It's pretty hard to crack it. A clear minus is that you must always have the device with you and remember all access codes, pin codes. If you forget or lose them, you will not be able to use your cryptocurrency using such a hardware wallet.
A paper wallet is just a private and public key generated using a special website. It can be written in a paper notebook or printed out, or even better, written down in several notebooks at once, because the loss of the key leads to the loss of the cryptocurrency.
I think that Top Up Mobile and Games will help you learn more about the use of cryptocurrency and you will be able to increase your knowledge in this area