What is a cryptocurrency wallet, and do I need one for my Altify account?
A cryptocurrency wallet is a digital tool for securely storing and managing cryptocurrencies. Just like you'd use a physical wallet to store your cash and cards, a crypto wallet stores your public and private keys, the digital codes that let you receive or spend your cryptocurrencies.
While you technically 'store' your cryptocurrency in a wallet, what you're actually storing is the secure digital keys used to access your public cryptocurrency addresses and sign transactions.
As for needing one, yes, if you intend to own or use cryptocurrency, you will need a wallet. However, when you create an account on Altify, a wallet is automatically created for you. This means you don't need a separate wallet to start investing with us.
Always prioritise security on your account by using strong passwords and enabling features like two-factor authentication (2FA).
While you technically 'store' your cryptocurrency in a wallet, what you're actually storing is the secure digital keys used to access your public cryptocurrency addresses and sign transactions.
As for needing one, yes, if you intend to own or use cryptocurrency, you will need a wallet. However, when you create an account on Altify, a wallet is automatically created for you. This means you don't need a separate wallet to start investing with us.
Always prioritise security on your account by using strong passwords and enabling features like two-factor authentication (2FA).
Updated on: 17/01/2024
Thank you!