What is a crypto wallet?

What Is a Crypto Wallet?

A crypto wallet is a tool that lets you store, send, and receive cryptocurrency. It does not "hold" coins like a physical wallet; it holds the private keys that prove you own the crypto on the blockchain. Whoever has the private key controls the funds. Wallets can be software (app or desktop), hardware (physical device), or custodial (held by an exchange). Choose based on how much you hold and how much control you want.