A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currencies like Bitcoin.

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In order to use cryptocurrency, you’ll need to use a cryptocurrency wallet.

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Some wallets are built for a single cryptocurrency, some can be used for more than one coin, some wallets you’ll manage yourself, and some (like those found on exchanges) will be custodial.

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Suffice to say, there is a range of wallet types to choose from.

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The Types of Wallets:

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There are several types of wallets you can use including online, offline, mobile, hardware, desktop, and paper.

Each “type” refers to what type of medium the wallet is stored on, who is in control of the wallet, and whether or not the data is stored online.

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If you are new to cryptocurrency:

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With the above in mind, if you are new to cryptocurrency, we suggest doing one or more of the following:

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1. Download the official (or officially endorsed) wallet from the official website.

2. Sign up for a custodial wallet services like Coinbase, MetaMask, TrustWallet, Bitcoin Wallet and Binance cryptocurrency exchange, or non-custodial wallet services like Blockchain Wallet (which handles a wallet and exchange with one account).

3. Purchase a hardware wallet for long-term storage.

4. And/or, use a universal software wallet or another wallet that suits your needs.

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