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wallet

wallet

BitLift
BitLift
/Glossary
Glossary
/wallet
wallet

A crypto wallet is software for displaying and interacting with cryptocurrencies. A common misconception is that a wallet holds your crypto, but in reality a wallet holds the public keys which point to cryptos you hold on blockchains and the private keys to move and interact with those cryptos. Hot wallets generate private keys and can act as an interface for cold storage devices like Ledger and Trezor.

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Not financial or tax advice! BitLift content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Talk to a licensed professional. Do your own research. Disclosure: BitLift team members hodl crypto assets and some of the links on this site may pay us a commission. See our legal disclosures.

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