Understanding Crypto Wallets

Today we’ll discuss what a crypto wallet actualy is and how they work, Crypto wallets are more than just simple places where crypto is stored, its about how they can interact with the blockchain and create value. A crypto wallet is a tool which allows you to be involved with a blockchain network. In simpler terms it basically allows you to send and receive cryptocurrencies or access decentralised applications such as BitTorrent or Popcorn time. To be able use Bitcoin or other cryptocurrencies having a crypto wallet is essential. You will need it if you want to be able to make transactions, trade on a crypto exchange or use blockchain applications. Therefore it’s important to understand how crypto wallets work.