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What is a wallet?

A wallet is a place to store your digital assets.

There are Software Wallets such as Exodus, Atomic Wallet, and Trust Wallet, also Hardware Wallets (Cold Storage) such as Ledger and Trezor. Visit our Wallet Guides page for further information on setting up and using different wallets.

A Software wallet like Exodus is a piece of encrypted software that can be downloaded onto your smartphone or PC and allows you to send and receive Cryptoassets; wallet addresses are prominently displayed, and many assets are supported by Exodus. A Hardware wallet such as a Ledger device is known as Cold Storage. Cold Storage is a piece of Hardware like a USB that is plugged into your PC and allows you to send and receive Cryptoassets. Cold Storage is considered the safest way to store your Cryptoassets as once it is disconnected from your PC, it is disconnected from the internet.

Different wallets support different coins so always ensure your wallet is compatible with what you are looking to purchase. Different assets have different wallet addresses so always ensure you copy and paste your unique wallet address for that coin. Always conduct your due diligence and research into any wallet provider you are looking to use and ensure you back up your wallet!

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