Cryptocurrency

The Best Crypto Wallets of December 2023 – Forbes Advisor


How to get a crypto wallet depends on what kind you want. If you’d like an online, mobile or desktop wallet, you download the necessary software from the crypto wallet company. You’ll also need to set up an account.

Your wallet should give you a digital address or QR code for accepting asset transfers. Some wallets can also integrate directly with major crypto exchanges. Follow the wallet’s process for transferring over your assets. The crypto private keys will then be stored in your wallet versus the exchange.

You follow a similar process with a cold, offline wallet. You’ll need to buy the physical hardware wallet first. The hardware will tell you what program you need to download to set up the wallet. You then use this program to transfer your cryptocurrency keys to the hardware storage device.

Alternatively, there are paper wallet generator websites online. You can use those to create and print off a paper crypto wallet with your keys.

How To Set Up a Crypto Wallet

Just like there are many ways to store your cash, there are many ways to stash your crypto.

Opening a crypto wallet will vary by the type chosen. If you’re using an exchange wallet, for example, you’ll pick a platform that you trust and then create an account. Generally, personal information and a two-step verification process is required.

For a hardware wallet, you’ll need to purchase the hardware first. You’ll typically need to install software to set up the wallet, too.



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