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, as well as 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.
If you intend to hold your own or use cryptocurrency, then yes you’ll need a crypto wallet. When you create an account on Altify, a crypto wallet is automatically created for you for each cryptocurrency in your account.
Always prioritise security on your account by using strong passwords and enabling features like two-factor authentication (2FA).
What is a cryptocurrency wallet? And do I need one for my Altify account?
Joe