Make ETH Deposits, My Gloss is Poppin’

Crypto Witch Club
4 min readNov 9, 2021

You asked, we answered. 💋 Here’s all the info on everything crypto wallet-related you asked us last week!

Have a blockchain-related question? Visit us on Instagram and ask away in our stories, comments, or DM. We’ll post the answers.

What’s a crypto wallet 👛 and why do I need one?

A cryptocurrency wallet stores your public + private keys required to access your cryptocurrency. Each type of wallet has specific types of crypto assets it supports, so it’s important to ensure your asset is supported by the wallet you choose before you send your cryptocurrency there … or you could lose it 4ever!

There are several different types of wallets. Each wallet has a public address and private key. (Never share your private key with anyone.) A software wallet can be hosted on desktop or mobile (accessible from any device with internet). A hardware wallet stores your public + private keys on a hardware device — meaning it’s less vulnerable, as it cannot be hacked online.

If your crypto is not staked on an exchange and / or you are not planning on trading in the short-term, the safest place…

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Crypto Witch Club
Crypto Witch Club

Written by Crypto Witch Club

Hi 👋 Welcome to the Club! Crypto Witch Club is an inclusive, equitable, space for all to learn about blockchain tech. 🔮 Learn more at www.cryptowitchclub.io

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