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What You Should Know About How to Get a Crypto Wallet


August 19, 2021



Starting a crypto investment is one of the most lucrative opportunities today. The sector is growing at a high rate, and it is expected to rival the use of fiat currencies in the future. Apart from active trading for profit, there are other ways to earn crypto such as earning interest with a savings account on a reliable platform like YouHodler.

Do you need a cryptocurrency wallet for investment purposes? Yes, you do. Whichever investment option you choose, you must start by getting a crypto wallet to hold your digital assets securely. And that is what we are going to discuss. So, if you are looking for how to get a crypto wallet, then you are in the right place.

How to Get a Crypto Wallet: What Is a Crypto Wallet?

Before you learn how to get a crypto wallet, it is worth understanding what it is. This can be equated to a bank account that holds fiat money for people. But now, an online crypto wallet is an online virtual account where your cryptocurrencies are held and protected using private keys. People use crypto wallet addresses to send and receive digital assets such as Bitcoin, Ethereum, Dogecoin, or USDT among others.

So, why do you need a crypto wallet? If you are an investor who wants to open a savings account, you will need to have some crypto in a secure wallet to deposit in your savings account. A crypto wallet also serves as a place to withdraw interest. YouHodler or any other reliable crypto savings platform will guide you on how to go through these procedures.

How to Get a Crypto Wallet: Types of Wallets

Do you need a cryptocurrency wallet? Yes, and there are different types to choose from. It is simple to get a crypto wallet of your choice. But you have to decide whether you need a hot or a cold wallet.

A hot digital wallet refers to one that is connected online. They are very common these days due to the high level of convenience especially when you want to access them on the go such as on your mobile phone or computer. Anyone who is wondering how to get a crypto wallet under this category should look for a reliable host to ensure that their assets are backed up on secure servers at all times.

A cold wallet, on the other hand, is not necessarily required to be online at all times. These are more traditional wallets stored on physical devices such as a flash drive and must be protected physically from getting lost. Whenever the owner wants to use them, they can connect to an internet-enabled computer and make a transaction.

How to Get a Crypto Wallet: Registering for a Crypto Wallet

Do I need a crypto wallet? Yes, you need one if you want to start saving on YouHodler to earn interest. After locating the preferred host of your digital wallet, here is how to get a crypto wallet.

  • Download the wallet app and create an account.
  • Write down the private keys assigned by the app. You should never forget or lose your private keys.
  • Top up your wallet with the right crypto in readiness to top up your savings account on YouHodler.

Conclusion

Do you need a cryptocurrency wallet to earn interest with a savings platform? Yes, you need one, and the good thing is that we have shared the process for how to get a crypto wallet. So, take note and experience these benefits now.

 

Tags: currency | investment

 

 

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