Wallet
General term for a digital asset storage tool.
Beginner-friendly explanation
A wallet is like a wallet for digital money. It is used to keep your cryptocurrencies or tokens safe. It can be on your phone, your computer, or a special small device.
Example: Trust Wallet is a free app to store your cryptos.
Intermediate-level insight
In the crypto ecosystem, the term 'wallet' refers to any solution for storing private keys that grant access to digital assets. There are custodial wallets (controlled by a platform) and non-custodial wallets (controlled by the user).
Example: Binance offers a custodial wallet integrated into its platform, while Metamask is a non-custodial wallet.
Advanced perspective
The term 'wallet' covers a wide range of specialized tools, integrating features like staking, DeFi interaction, or multi-chain management.
Example: A multi-chain wallet like Rabby allows simultaneous management of multiple EVM-compatible blockchains.
Cryptocurrencies & Tokens
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