Wallet

Wallet

  • Web wallet: consists of a browser interface that doesn’t require any download or installation. More convenient but also more dangerous as private keys are usually managed by third parties.

  • Desktop wallet: software that can be downloaded and executed locally. Less convenient than web wallets but more secure because private keys are stored locally and managed by the users. Desktop wallets should only be used in computers that are clean (no virus or malware infections).

  • Mobile wallet: are similar to desktop wallets but designed for smartphones. The use of QR codes makes them a convenient alternative to send and receive cryptocurrencies. Trust Wallet is a notable example of a mobile crypto wallet.