Commissions do not affect our editors' opinions or evaluations. Crypto wallets provide a safe place to store cryptocurrency, although they work a little differently than tucking cash into a billfold.
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This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. Cold wallets, also known as hardware wallets, are one of the safest ...
See how we rate investing products to write unbiased product reviews. Bitcoin wallets, also called crypto wallets, were created to protect investors' private keys from security breaches and fraud.
Cold wallets are the safest way to store cryptocurrencies, with private keys encrypted onto a physical device. Cold wallets are never connected to the internet, meaning online hacks can be avoided.