Wallet
Definition
A wallet is a digital tool or software used to store, receive and send cryptocurrencies.
In the cryptocurrency world, wallets are essential tools for storing, receiving and transferring digital assets. A crypto wallet acts as a repository to store the user s crypto assets and usually works with a pair of key systems. Each wallet is associated with a unique digital signature pair called a public key and private key. The public key is an address that the user can share to receive and send their assets, while the private key is a secret key protected by the owner of the wallet and is used to access the assets. Wallets come in various types, including web, desktop, mobile, and hardware, and each has its advantages and disadvantages. For example, hot wallets are connected to the internet and provide greater ease of access, but have a higher security risk. Cold wallets, on the other hand, are not connected to the internet and increase the security of assets, but access is more restricted. —
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
Browse the full JrKripto glossary for more definitions on trading, DeFi, blockchain, and market analysis. Each term includes a short definition and extended explanation to support your research.
The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
