A crypto wallet is a device or a medium that assists the trade of digital coins through the private or public cryptographic keys stored in it. The public key allows the payments from wallets to wallets, whereas the private key permits the spending of currencies from the wallet. In order to initiate the use of virtual currencies, you need to access a crypto wallet. In addition, a wallet lets you view the balances and move funds around the Blockchain as long as you are the owner of the address associated.
Crypto wallet classification
Full Node Wallet - A wallet that allows you to control the private keys.
Custodial Wallet - You do not control the private keys directly.
Desktop Wallet - It is an app that connects straight to a coin's customer.
Mobile Wallet - A crypto wallet that is accessible from a smartphone app.
Coin-specific Wallet - A wallet that accepts only a particular cryptocurrency.
Network-specific - A wallet capable of holding numerous tokens on a single network.
Online Wallet - It is a web-based wallet hosted on a real server.
Universal Wallet - A wallet that can hold addresses from multiple digital coins. It is also known as Multi-asset or Multi-coin wallet.
Others include the software, hardware, and paper wallets.
The cryptocurrency wallet section will keep you abreast with the latest trends and adoptions in crypto wallets, their specifications, their currencies, and more.