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What are wallets? Different types

By cryptoniano | cryptoniano | 25 Feb 2021


By way of introduction, wallets or "digital wallets" are wallets that allow you to receive, save and send cryptocurrencies.

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Well, they store your public and private keys, which give you access to your cryptocurrencies, so you can carry out your operations. Simply, the wallets do not store cryptocurrencies, but rather give you the access codes to them.

 

That's right, wallets fulfill the same function as your physical wallet, where you keep your money or credit cards and the photos of your children. Only instead of physical money and photos, they will save your access codes digitally.
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How is this? Very simple:
There are two types of keys that will give you access to your cryptocurrencies:
Public keys: They are something like your C.B.U where you will make your password known to others to be able to fund and receive money.
The private keys: They are something like a pin code of the ATM, which only you will need to know in order to withdraw the money.

 

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Summary: Wallets are digital wallets that allow you to receive, save and send cryptocurrencies.

 

Different types:

 

Mobile Wallet:

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 It is installed on smartphones, accessed through an icon, like any other application. Keys, pins, and different security means are used, such as fingerprints, and patterns of the cell phone itself and of the wallet itself, to access. They are not entirely safe, but they are widely used due to their easy access.

 

Desktop Wallet:

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They are installed on the computer, something similar to the mobile wallet, only that to access we will have to have the computer at hand.
 

 

OnLine Wallet:

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They do not require installation, but are wallets created by companies, with their own servers, which can be accessed from anywhere in the world, as long as we have internet.

 

 

Physical Wallet:

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The private keys are stored within this wallet, so there is no risk of them entering the internet through a PC or mobile. Most physical wallets closely resemble USB sticks or hard drives. They are the most expensive, but also the safest.

 

 

Paper Wallet:

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As the name implies, they are paper wallets, therefore they are anti-hackers, since they are not connected to the internet or computer at any time, but rather noted in a notebook or printed on a sheet of paper. You just have to know how to keep them under lock and key and never lose them. For ease of use, QR codes can be printed, which are convenient for scanning.

 

 

 

 

Here are some links to create accounts for these various wallets:

 

 

Nexo:

https://nexo.io/?u=5ec64aeec3e58926465ce7b9

Coinbase:

https://www.coinbase.com/join/cardoz_dr

Coinswitch: 

https://coinswitch.co/?ref=RG3GG016AW

Crypto.com:

https://platinum.crypto.com/r/pkrcvzhnw5 

Paxful:

https://paxful.com/es?r=KakE2V2qbQp



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