Key points
- Three main types: custodial wallets, non-custodial wallets, and hardware wallets each have their own advantages and disadvantages.
- Custodial wallets are easy to use but have limited control, suitable for beginners.
- Non-custodial wallets provide complete autonomy, but require users to manage their own private keys and seed phrases.
- Hardware wallets provide the highest security, but they are more expensive and are more suitable for users who hold large assets for the long term.
Quick Start
What is the first step to start using cryptocurrency? Get a wallet. A crypto wallet is a tool used to send, receive, and store digital assets. There are various types of wallets available on the market, each with different features, advantages, and risks. This guide will help you understand the mainstream types of wallets and find the most suitable solution for your needs.
Custodial Wallet: Simple Choice
Custodial wallets are managed by exchanges or third-party service providers. The characteristic of this type of wallet is that users cannot fully control their assets, so