WHAT IS CRYPTO WALLET?
A crypto wallet is a software application that stores your private keys and allows you to send and receive funds. There are several types of crypto wallet, each offering its own unique features. Some of crypto wallet store your coins offline (on paper or in a hardware device), while others allow you to access them remotely via the Internet.
There are three main categories of crypto wallets: desktop, mobile, and web. Desktop wallets are usually installed on your computer, allowing you to manage your assets directly. Mobile wallets are designed to run on smartphones and tablets, and they often offer additional security features such as two-factor authentication. Web wallets are accessed through websites, and they typically don’t require downloading anything. They also tend to be less secure than their desktop counterparts.
IB WALLET IS RECOMMENDED FOR EXPERIENCED TRADER AND ALSO IF YOU ARE BEGINNER IN CRYPTO SPACE
The best way to choose a wallet depends on what type of user you are. If you want to use a wallet primarily for storing small amounts of money, then a hot wallet may be the most convenient option.
However, if you plan to hold large sums of cryptocurrency over time, then a more robust online wallet as our IB Wallet will likely provide the greatest results for you.
There are three main categories of wallets: desktop, mobile, and web. Desktop wallets are usually installed on your computer, allowing you to manage your assets directly. Mobile wallets are designed to run on smartphones and tablets, and they often offer additional security features such as two-factor authentication. Web wallets are accessed through websites, and they typically don’t require downloading anything.
CRYPTO WALLETS AND OPERATING SYSTEMS
DESKTOP CRYPTO WALLET
Desktop wallets are usually available for Windows, Mac OS X, Linux and other operating systems. The most popular desktop wallets include Jaxx, Exodus, Electrum, MyEtherWallet, and Trezor. These wallets can be downloaded from various third party sites, but we recommend using using our IB Wallet for safety of your assets.
MOBILE CRYPTO WALLET
Mobile wallets are designed to run directly on smartphones and tablets. They are used to store digital currency securely without having to connect it to any external devices.
WEB CRYPTO WALLET
Web wallets are accessed through websites. They are not connected to any physical devices and do not need to download an app. Instead, they interact with the blockchain directly through the browser
HOW DOES A CRYPTO WALLET WORK?
When you create a new wallet, you have the option of creating a seed phrase. This is a long string of random characters that will help you recover your wallet if you lose all your private keys. It’s important to keep this information safe because anyone who has access to it could steal your funds. With IB Card your assets will be safer than ever, because we implemented RFID chip, which is storing your seed phrase inside the IB Card.
