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What is a Crypto Wallet? Why Do I Need One?
What is a Crypto Wallet? Why Do I Need One?

Learn more about crypto wallets, and why you need one!

Pablo Laboreo avatar
Written by Pablo Laboreo
Updated over a week ago

πŸͺ™ What is a cryptocurrency wallet?

A cryptocurrency wallet is a digital wallet that allows you to securely store, send, and receive cryptocurrencies like Bitcoin or Ethereum. It works like a physical wallet, but instead of holding cash, it stores your digital assets. This includes cryptocurrency, crypto tokens, NFTs, and more!

Crypto wallets are different from regular wallets because they allow you to send and receive crypto assets directly from the wallet application. You can think of a crypto wallet as kind of like Venmo or CashApp for cryptocurrency and NFTs.

πŸ€” Why do I need a crypto wallet?

Having a cryptocurrency wallet is essential if you own or plan to own cryptocurrency or NFTs. Without a wallet, you won't be able to store or manage your digital assets. Additionally, keeping your cryptocurrency in a wallet is much safer than leaving it on an exchange, where it could be vulnerable to hacking or theft.

​Zelus Wallet in particular also allows you to buy cryptocurrency, to "swap" one cryptocurrency for another, and to interact with decentralized applications.

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