Just like storing physical currency, wallets are used. Cryptocurrencies are stored in crypto wallets. However, a crypto wallet can not only store crypto currencies but can also store DeFi, NFTs, DAOs etc,. A crypto wallet contains passwords which give access to digital assets; these can be in the form of highly encrypted USB sticks or in the form of mobile apps which give access to wallets. These wallets contain private keys which give access to the wallet and provide the ability to do transactions. Crypto wallets are further classified into custodial and non custodial wallets. Where custodial ones give access to third parties for maintenance of private keys and funds thus are more likely to get attacked by hackers and non-custodial ones provide full access to the user; since these aren’t stored anywhere hence are less prone to attacks from hackers. Our crypto wallet development services include: