Cryptocurrencies are kept in cryptocurrency wallets, which can be either hot or cold. The hot wallets have internet access, while the cold wallets do not. It’s a strange and complicated procedure. This wallet is a software tool created specifically to hold cryptocurrency, rather than a physical wallet.
It keeps track of the private and public keys that link the user to the blockchain which is where their cryptocurrencies are stored. They don’t really store the cryptocurrencies; instead, they use public and private keys to allow you to access cryptocurrencies on the blockchain. To complete the transaction, the user must have both. They’re dubbed ‘keys’ because they’re used to unlock the blockchain’s coins.
Desktop wallets, online wallets, mobile wallets, and hardware wallets are all examples of digital wallets. The best wallet is one that strikes a balance between security and convenience. Users can get digital wallets from Cryptocurrency Exchange App.