These are easy-to-use wallets like those hosted by an exchange where

you can buy and sell cryptocurrencies. Security keys are stored and

managed by the wallet provider themselves. As an example, if you

buy crypto using Coinbase Global (NASDAQ: COIN), security keys

that manage access to the assets are held in a Web-based wallet that is

always connected to the Internet (known as hot storage). There are

security issues with this (for example, if the exchange gets hacked),

but this type of storage provides some of the easiest options for

managing crypto transactions and purchasing cryptos.

Mobile wallets

The software on a smartphone or tablet is a mobile wallet. Some of

these apps are non-hosted, meaning you will be responsible for saving

and managing your private key to access your cryptos. Popular options

include Coinbase wallet (a separate app from the hosted custodial

exchange), Mycelium, and Trust Wallet (which is part of the top

crypto exchange Binance). Mobile wallets often provide hot storage

since they can be linked to exchange, but some may provide added

security with offline options (known as cold storage).

Desktop wallets

The software for PC users is a desktop wallet. Examples include

MetaMask, Exodus, and Electrum. Many of these blockchain wallets

offer cold storage options for added security.

Hardware wallets

A hardware wallet takes security a step further and allows for access

to your cryptos to be stored on an offline piece of hardware. The

wallet can be connected to a computer via U SB or other port to

facilitate transfers and transactions but are otherwise a way to keep

crypto access in cold storage. This offers the highest level of security,

but you will be responsible for keeping track of your security keys.

Popular hardware wallets are made by Ledger and Trezor.

Secure crypto fund

Any form of currency that exists digitally or virtually and uses

cryptography

to

secure

transactions

in

cryptocurrency.

Cryptocurrencies do not have a central issuing or regulating authority;

instead, they use a decentralized system to record transactions and