Why Invest in a Crypto Wallet?

Cryptocurrency wallets are programs that allow you to track, send and receive coins through the blockchain, similar to a bank account. Each wallet is made up of two types of keys: a public key, which acts like an address (think email or phone number), and a private key, which contains your account key or password. With this key, you can open the doors of your wallet.Recently, Reddit launched its own Non-Fungible Tokens (NFTs) called CryptosNoos NFTs. You can purchase the official NFT from Reddit's marketplace using Ethereum in your MetaMask wallet.

If you don't have MetaMask yet, it's definitely worth getting. According to Reddit, two hardware wallets stand out from the rest: Ledger and Trezor. These wallets come in two versions - one for beginners and one for more experienced users who are willing to pay extra. In addition, they have desktop and smartphone applications such as Ledger Live and Trezor Suite that allow you to use your crypto funds directly from the wallet.Desktop Wallet: Wallets that can be installed on different desktops and are compatible with Windows, Mac and Linux.

It's best to avoid installing more than 10 crypto wallet applications on your phone, as it will become increasingly difficult to keep track of your passwords over time. As always, if possible, choose the safest type of wallet to minimize the risk of losing your crypto.Paper Wallet: A paper wallet is essentially a piece of paper that includes your public and private key, or a QR code (so you can quickly scan them and add the keys to a software wallet to make a transaction). It's important not to buy second-hand wallets and not to use Ebay, Amazon or God forbid Alibaba to buy hardware wallets.Trezor One supports more than 1,000 cryptocurrencies, while Trezor T provides support for even more cryptocurrencies - making it officially the wallet that supports the most crypto assets. Trezor is a well-known brand in the cryptocurrency world that has launched the first hardware crypto wallets.

The main difference between them is that hot wallets are always connected to the Internet, while cold wallets are kept offline.You would only invest in a hardware wallet if you plan on continuing investing and have more than a few hundred in the wallet. A highlight is its Atomic Swap feature, which uses a decentralized cryptocurrency exchange hosted within the wallet itself to exchange coins without third parties.