A crypto wallet is required for the storage of crypto currencies. So it’s a kind of digital wallet. E-wallets are basically based on the address pair of a public and private key. However, the wallet does not store the coins themselves, only the private key. With this key the crypto currency can be retrieved. There are different ways to do this, there are – Paper Wallet A wallet usually consists of two keys, the public key is called the wallet address. The Paper Wallet is nothing more than a document that contains both keys. The advantage of such a wallet is that nothing is stored online. So it is impossible to become victim of a cyber attack, but the big disadvantage is that exactly this paper can be lost. Therefore it is recommended to store a Paper Wallet very carefully. – Mind Wallet Probably the safest method is to simply remember the whole thing. But if you forget the long rows of numbers, the coins are lost, because there is no copy of the keys. – Hard Wallet This is a special stick, which is ideal for securing the keys. There is one rule to keep in mind, you should never buy used Hard Wallets and only from the manufacturer directly. This is the only way to ensure that you receive the right wallet produced by the manufacturer. – Software Wallet Probably the best known software wallet is Exodus. The wallet is simply downloaded and installed, then you can start right away. But these wallets are not always secure, because usually a trojan on your home PC is enough and the coins are gone. With this type of wallet you have to be careful. – Exchanges An exchange is responsible for the management of the keys. This is the simplest method, but also the riskiest, because hacker attacks on crypto exchanges are often reported. If you want to invest your coins on a long-term basis, you should definitely use a hard wallet. Further security advices are: – Don’t let anyone see your wallet being created. NOBODY – Always store your wallet in a safe place – Do not tell anyone where you store your wallet! – Never talk too much about your crypto currency balance – Perform regular anti-virus checks on your PC