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What Is the Function of a ‘Cryptocurrency Wallet’?

A crypto wallet stores the private and public keys necessary to access and authorize cryptocurrency transactions.
Greeks.Live20.11.25

What Is the Function of a ‘Cryptocurrency Wallet’?

A cryptocurrency wallet is a software application or physical device that stores the public and private keys required to access and manage a user's cryptocurrency holdings on the blockchain. It does not literally store the coins, but rather the keys that authorize transactions.

The private key is essential for signing transactions and proving ownership of the funds.

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