Crypto wallets

Ways to hold your own crypto.

A crypto wallet doesn't store coins the way a purse stores cash. It stores your private keys, the secret codes that prove you own coins on a blockchain and let you send them. Whoever controls the keys controls the money.

Hardware or software?

Hardware wallets are dedicated devices that keep your keys offline. Because the keys never touch an internet-connected computer, they are generally considered the safer choice for larger amounts you plan to hold for a long time. They cost money, and you have to keep the device and its backup safe.

Software wallets are apps or browser extensions on your phone or computer. They are free and convenient for everyday use and for connecting to crypto apps, but they run on devices that are online, so they are more exposed to malware and phishing.

Many people use both: a software wallet for small day-to-day amounts, and a hardware wallet for savings.

Keeping a wallet safe

• Write down your recovery phrase on paper when you set the wallet up, and store it somewhere safe. Never photograph it, type it into a website or share it with anyone. Real support staff will never ask for it.
• Only download from the official website or your phone's official app store, and check the address carefully. Fake wallet apps and sites are common.
• Buy hardware wallets directly from the maker or an authorised seller. Never use one that arrives already set up, or with a recovery phrase included.
• Test with a small amount first before moving anything significant.
• Be wary of unexpected messages and links, especially anything urging you to act quickly.

Descriptions are general and may go out of date. Check current features, supported coins and prices on the official site. Wallets don't remove risk: if you lose your recovery phrase, your crypto may be lost for good. New here? Read what cryptocurrency is or how to buy it.