Crypto wallets, how to acquire them, set them up and what is the use of them?

1. Introduction.

Unlike your bank notes, debit and credit cards, cryptocurrencies cannot be easily stored in your physical wallet in your back pocket. In this line of thought, I would like to draw your attention to the fact that the way to store your electronic assets is the so-called " crypto wallets ", which are structured using blockchain technology.

A crypto wallet is a software program or physical medium (flash drive, hard drive, etc.) for securely storing the public and private keys you need to make cryptocurrency transactions. Crypto wallets also allow you to send and receive selected cryptocurrencies - from Bitcoin to Ethereum and more. Therefore, it can be said that crypto wallets are the gateway to making a solid footprint on the Web3 [1] and in the crypto investment world. This is your identity on the blockchain and this is how you store your cryptocurrencies, with the blockchain industry working towards every legal entity having a self-storage crypto wallet in the near future, not just the entities that are deep and hard immersed in blockchain technology.

That's why with this article I aim to ensure that you (1) better understand what a crypto wallet is, (2) how to create and set one up, and (3) why having one is critical when investing in cryptocurrencies.