🔐 Digital Wallets
💡 Definition
- Tools used to store and send or receive cryptocurrencies.
- They do not actually store the currencies but keep the private keys to control them.
🧳 Types of Wallets
Hot Wallets 🌐:
Operate online like apps and websites.
Cold Wallets ❄️:
Devices or papers not connected to the internet for increased security.
⚡ Importance of Wallets
- Without them, you cannot truly own your currencies.
- Those who lose their private key lose their money forever.
