What is a crypto wallet?

A crypto wallet is a tool for managing cryptocurrency that can be either a software application (such as MyTonWallet) or a hardware device (such as Ledger). With a crypto wallet, you can safely store, send, receive, exchange funds, and much more.

What Types of Crypto Wallets Are There?

There are two main types of crypto wallets:

• Custodial: Telegram Wallet, Crypto Bot, etc.

• Non-custodial: MyTonWallet, Tonkeeper, Trust Wallet, MetaMask, Exodus, Atomic, Ledger

To understand the key differences, check out our detailed article about wallet types.

What Can You Do with a Crypto Wallet?

Crypto wallets offer more than just storing and transferring funds. Users can also:

• Manage NFTs

• Track asset prices

• Trade on decentralized exchanges (DEX)

• Use other decentralized applications — from games to useful utilities