Cryptocurrency wallet

• Software that stores access keys
• Used to exchange cryptocurrencies
• Users can view balances

Types of cryptocurrency wallets

• Hot wallets
• Cold wallets

Hot wallets

• Exists online
• Mobile or desktop
• Can be non-custodial or custodial
• Suitable for active users (regular transactions)

Hot wallets: Pros

• Highly accessible
• Available on any internet-enabled device
• Often free of cost

Hot wallets: Cons

• Vulnerable to hacking
• Technical issues

Cold wallets

• Exists offline
• Usually a hardware device or paper wallet
• Suitable for long-term savings

Cold wallets: Pros

• Extremely secure
• No issues involving internet

Cold wallets: Cons

• Not easily accessible
• Expensive

Cryptocurrency wallet development

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