How to Set Up a Cryptocurrency Wallet

Cryptocurrency wallets, such as a Bitcoin wallet, function quite differently from traditional cash wallets. For instance, crypto wallets have to account for the fact that all transactions are irreversible and stored entirely in the blockchain. To encrypt your transactions on the blockchain and keep them secure, you need a public and a private cryptography key. Wallets use both keys to access your digital currency. 

This also begs the question: Is a crypto wallet more secure? 

In this guide, we’ll cover different types of crypto wallets, how to set up a secure crypto wallet, and top crypto wallets to choose from. However, depending on your security and liquidity needs, some wallets may suit you better than others. We’ll pull out the top wallets from each category to point you in the right direction.