Wallet
In short
A wallet manages the keys to your crypto. Coins always live on the blockchain — the wallet proves ownership with your private key and signs transactions.
Software wallets (app, browser) suit everyday use; hardware wallets suit secure storage. The rule that matters: whoever controls the key controls the money.
What if I lose the phone with my wallet?
You restore the wallet on a new device with your seed phrase — without it, access is gone.
Related terms
Information, not investment advice. More of this? The newsletter.