What are the virtual currency wallets ？Must-see teaching for beginners ！

Because this kind of wallet can provide the corresponding cryptocurrency network complete blockchain and services ，Therefore, the integrity and reliability of the cryptocurrency network can be improved ，Therefore some cryptocurrencies ，Rewards will be given to users who hold such wallets 2、SPVwallet （simplified payment verification wallet，Simple payment verification wallet ，Also known as light wallet ） Compare with the former ，This type of wallet only stores private keys and settlement ，Don't store the entire blockchain ，So it takes up very little resources ，More suitable for mobile devices

In the investment and trading of virtual currencies ，The most basic and critical link is choosing a safe and reliable virtual currency wallet 。A suitable wallet can not only keep your assets safe ，It also allows you to trade and manage digital assets easily 。What are the virtual currency wallets ？This article will introduce several common virtual currency wallets to beginners in detail ，And provide some practical advice on using it 。

one 、What is a virtual currency wallet

Virtual currency generally refers to cryptocurrencies such as Bitcoin. ，And password currency wallet （English ：Cryptocurrency wallet，Also translated as cryptocurrency wallet ），It is the public and private keys that store cryptocurrencies led by Bitcoin 、The address corresponding to the private key 、This address （group ）Currency settlement ，and a support system for currency transactions 。Sometimes the system even includes the accounting and maintenance of the entire blockchain 。Since cryptocurrencies are mainly blockchain ，Therefore, the actual amount is based on the final record result of the blockchain. 。

two 、Virtual currency wallet classification

There are actually many categories of password currency wallets ，For example, according to the degree of decentralization, wallets can be divided into ：Full node wallet 、Light wallet ，And centralized wallets

1、Full node wallet

This kind of wallet needs to be installed first ，After installation, it will be synchronized with the entire blockchain ，Store the entire blockchain ，So when the new wallet starts synchronizing ，You must start downloading from the first data ，It will take hours ～Tens of days ，And it occupies a large amount of storage space and network traffic 。Such a wallet is also called a full node 。Because this kind of wallet can provide the corresponding cryptocurrency network complete blockchain and services ，Therefore, the integrity and reliability of the cryptocurrency network can be improved ，Therefore some cryptocurrencies ，Rewards will be given to users who hold such wallets

2、SPVwallet （simplified payment verification wallet，Simple payment verification wallet ，Also known as light wallet ）

Compare with the former ，This type of wallet only stores private keys and settlement ，Don't store the entire blockchain ，So it takes up very little resources ，More suitable for mobile devices 。

3、Online wallet （Not keeping the private key ）

Generally designed as a web page ，After the website generates a private key ，Keep by individuals ，In the future, you must enter the private key when accessing the wallet ，The website is not responsible for saving it for users 。Use conceptually similar to SPVThe web version of the wallet 。Use of such websites ，Reputable brands should be selected ，And be careful whether it is a counterfeit phishing website 。

4、Exchange wallet

In order to be able to enter and exit coins on each exchange ，The wallet address of the corresponding currency will also be provided 。This kind of wallet will not provide private keys to the user ，So once deposited ，You can only rely on the exchange mechanism to obtain it 。This is also an online wallet 。

5、Cold wallet

Cold wallet （Cold Wallet），Corresponding to hot wallet ，Also known as offline wallet or disconnected wallet ，One of the types of blockchain wallets ，Meaning that the network cannot access the user's private key wallet 。Cold wallets usually rely on “cold ”equipment （A computer that is not connected to the internet 、Mobile phone, etc. ）Ensure the security of Bitcoin private keys ，Use QR code communication to prevent private key from being connected to the Internet ，Avoid the risk of private key stolen by hackers ，But it may also face physical security risks （For example, computer loss ，Damage, etc. ）。

Store the private key on a device that is not connected to the network ，Including printing 、Hand-copy （Paper wallet ），Even memorize it by yourself （Brain wallet ），To ensure absolute security during storage 。However, when the above wallet is in transaction ，The private key must still be entered into the general software wallet ，The highest standard cold wallet ，Offline signing must also be possible ，Only signed transactions are sent out 。

Store private keys on additional specially made hardware devices ，When using the transaction, the transaction must be signed within the hardware before it is submitted ，As long as the hardware is not cracked ，It's absolutely safe 。If this hardware device is completely offline 、Submit only signed transaction messages ，It is also the highest standard cold wallet 。

6、Hot wallet

Hot wallet （Hot Wallet），Corresponding to cold wallet ，Also known as online wallet or online wallet （Online Wallet），One of the types of blockchain wallets ，That is, the wallet that can access the user's private key in the network 。Hot wallets are due to their internet characteristics ，Outsiders may access the user's private key through the Internet ，Therefore, the security is lower than that of cold wallets ，But it's more convenient than a cold wallet 。

If classified by currency ，It can also be divided into ：Bitcoin wallet 、Ethereum wallet 、EOSwallet 、NANOwallet 、XRPwallet 、Star wallet, etc. ，Basically, every independent public chain can have its own wallet ，Therefore, when choosing a wallet ，We should first know what digital currency we store ，If the currency is not matched, it may lead to the transfer of money loss. 。

three、Summarize

No matter which wallet you choose ，Remember to back up your private key and mnemonic words ，and store them in a safe place 。so ，Even in the event of damage or loss of equipment ，You can also restore access to assets 。

Virtual currency wallets are an indispensable tool to manage and protect your digital assets 。By understanding the different types of wallets and their characteristics ，You can make wise choices ，And take appropriate security measures to ensure your investment is safe 。remember ，Careful selection and use of virtual currency wallets is a must-have skill for every virtual currency investor 。