What is a crypto wallet?

Source photo Free Security bitcoin Image on Unsplash

In order to store, send, and receive cryptocurrencies like Bitcoin and Ethereum, its owners need a cryptocurrency wallet. Wallets are a crucial component of the cryptocurrency ecosystem because they allow users to store and access their bitcoin in a safe and hassle-free manner.

Public and private keys are used by cryptocurrency wallets to store and access digital currency. Public keys are large series of letters and…