πCrypto Wallets
Get comfortable understanding the wallets of the future.
What is a wallet?
Wallets are used for storing digital assets including NFTs and any cryptocurrencies. You will need a wallet in order to receive an NFT.
If you are a merchant, the wallet address associated with your account will be where you collect funds from the sale of NFTs. Most wallets are connected directly to your browser.
Anytime you browse a site selling NFTs, it will ask whether you'd like to connect your wallet. Connecting your wallet to these sites enables you to transact.
Wallets are also used to authenticate users in decentralized applications known as dApps. As adoption increases, more and more websites will require users to connect their wallet, which is essentially a new way of logging into dApps.
How do I get a wallet?
You can download your wallet directly from platforms such as MetaMask and Coinbase and create an address.
When you install a wallet, you become the owner of two 42-character keys. Thereβs a public key (known as your wallet address) and a private key.
The public key, as the name suggests, is public. Think of it as the bank number youβd share if someone wanted to wire you money. Your private key, however, is like your password. Youβll want to keep that safe, secure and most importantly private.
Do not share your wallet's private key with non essential personnel!
Last updated