Crypto wallets, what are they and why are they so important?


By Yuriy Bishko Updated November 14, 2022
BikoTrading Academy

Do you know that the security level of the exchange does not mean that the funds are completely safe? Yes, no matter what level of security is established, it does not mean that the exchange cannot be hacked. But there is a solution to this problem, and it is crypto wallets!

What is crypto wallet?

An electronic crypto wallet is an online platform that allows you to securely buy, sell and store cryptocurrency. The platform provides a secure access key that protects your assets from unauthorized access. Electronic wallets are most often compromised through phishing sites and malware attacks, rather than direct cyberattacks. They are quite safe, and everything depends only on the vigilance of the users themselves. The most reliable and popular electronic crypto wallets are MetaMask and Trust Wallet.

If you are an investor or just want your cryptocurrency to be under reliable protection, we recommend you to register an electronic wallet and store your cryptocurrency there.