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What is a crypto wallet?

A cryptocurrency wallet is a software program that stores private and public keys, and interacts with the blockchain to enable users to send and receive digital currency and monitor their balance.

There are many crypto wallets available that can be downloaded online, or through the app store on your mobile device, such as the Google Play Store or the Apple App Store.

What is a paper wallet?

A paper wallet is an offline mechanism for storing cryptocurrency. It contains a public and private key, printed onto paper.

The public key is essentially a wallet address. This can be shared publicly. A private key should only be known to the owner and should never be publicly shared. You may choose to import your paper wallet to a cold storage device, or to an online crypto wallet.

See also: Scan your ATM receipt