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Best Bitcoin and Crypto Wallets for July 2022
Before you even consider buying bitcoin or any other crypto coins, you should take the time to learn how crypto wallets work. While these crypto wallets don’t actually hold any coins or tokens themselves, they securely store the proof of your crypto ownership and the private keys you need to buy, sell or trade your crypto on the blockchain.
Crypto wallets can take the form of external hardware devices or software that runs on your mobile device or computer. And while their primary function is to keep your crypto safe and allow you to make trades, they also offer more control over your digital currency than you’ll get using a standard account at a crypto exchange or brokerage.
Some brokerages and payment services like Robinhood , PayPal , Venmo and Cash App let you buy bitcoin and other crypto easily without a crypto wallet. These services store your digital currency for you in their own “custodial” wallets, which means you’re trusting the company to secure, protect and hold your crypto. Ultimately, they have control, and you’ll need to trust them to act on your behalf.
Unless you’re making daily crypto trades or have only a modest amount of money invested in crypto, […]