In the digital world, a wallet, sometimes called an e wallet, serves as a place in which people store cryptocurrencies. A Bitcoin wallet stores a holder’s Bitcoin (BTC), sent to that crypto wallet by the user or another party. In turn, an Ethereum wallet stores Ether (ETH).
A cryptocurrency wallet typically comes in a number of forms, such as software and hardware wallets. A Ledger wallet and Trezor wallet are two examples of hardware wallets. Each hardware wallet device can typically store a number of different assets, each with its own address and section in the corresponding wallet app or interface, rather than requiring a user to buy an individual Litecoin wallet, Ripple wallet or other wallet device for each and every asset they wish to store.
Some software wallets can also hold numerous different asset types, while others work with just one type. The area of crypto wallets includes a plethora of other details and information, such as the difference between hot and cold wallets, as well as other key topics.