Beginners Guide

The Ultimate Guide to Cryptocurrency Wallets

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 1, 2021

Cryptocurrencies have been the talk of the town for people involved in finance after the meteoric rise of Bitcoin. They are said to be the future of a decentralized worldwide economy without the interference of centralized authorities like Governments and banks.

Cryptocurrencies are volatile; hence their value keeps changing at astronomical rates- You would especially know this to be true if you have been keeping up with the news recently. 

However, when these assets are so highly valued, the risk of fraud and cyber-attacks is high, which attempt to gain access to your digital assets illegally. While the authorities attempt to enforce stricter rules and regulations, there's a lot you can do from your end to protect your assets. 

Cryptocurrency wallets serve this exact purpose- Read on as we uncover everything that there is to know about them! 

What are Cryptocurrency Wallets?

Cryptocurrency wallets are physical devices, instruments, digital programs, or service apps used to store cryptocurrencies.

It interacts securely with the cryptocurrency ledger network using encryption and signing information.

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