← Back to glossary
👛

Crypto Wallet

Security

Software or hardware for key management and transaction signing.

Definition

A crypto wallet manages key pairs, derives addresses, and signs transactions. Security depends on key storage (software vs hardware), backup practices, and phishing resistance.

In plain English Software or hardware for key management and transaction signing.

Why this matters

Why it matters: Key compromise results in irreversible asset loss in many systems.

Example

Example: Hardware wallet signs transactions on-device; seed phrase stored offline as backup.