1.0 What is a cryptocurrency wallet? - Makh1/italcoin GitHub Wiki

A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance.

🔑 **Public key **

this is the wallet address. With this, people can send money to the wallet. It's much like a bank account number, in that it can only be used to send money to an account.

🔑 **Private key **

this is how one accesses the wallet. With this, people can control the funds tied to that wallet's address. It's more like your PIN number, in that you should keep it 100% secret and secure.

Some wallets have other features, such as checking live exchange rates to your fiat currency of choice.

There are actually a wide range of different wallets to choose from which offer varying pros and cons. Single-currency wallets have one drawback: they might only be able to interact with one blockchain.

If you are a multi-currency lover, then it's more convenient for you to download a multi-wallet that can interact with multiple blockchains. We would suggest some multi-currency wallets that can be used.

Jaxx is popular multi-currency blockchain interface mobile wallet , which supports supports 13 cryptocurrencies (including LTC and ETH) and allows its users to restore their funds with a 12-word backup seed key feature. Jaxx is available on iOS mobile/tablet, Chrome & Firefox extensions, and MAC/Linux desktop versions.

Exodus is the first desktop multi-asset wallet which supports 8 cryptocurrencies. It has a very interactive user interface and ease of use isn’t compromised by a lack of security. It also provides its users with a one-click recovery system to restore a wallet with a 12-word recovery phrase.

Ledger Nano S (Hardware Wallet) is the most popular hardware multi-wallet available, and it supports BTC, ETH, LTC, DASH and other cryptocurrencies.

Trezor wallet was developed in a Czech Republic-based company known as SatoshiLabs, making it the world’s first hardware wallet. Now, Trezor supports 7 cryptocurrencies (including BTC, ETH, NMC, LTC, etc.).

An all-in-one package wallet does not exist. It is important that you manage to find the wallet that addresses your greatest concern, be it security from theft, ease of transfer, convenience, or even style. A wallet may turn out to be your greatest decision, financial wise and emotional health wise.

👍 _The most popular wallets are often a good choice, and tend to be popular for a reason. Desktop, iOS and Android wallets can simply be downloaded to your device. _