What is Crypto Wallet?
If we take crypto tokens as currencies, we need a medium to hold and store these currencies, we call this medium a “wallet”. For beginners, crypto wallet is a difficult concept to grasp as it feels different from our wallet in real life. You can see it as a string of code, which gives you rights to use the crypto currencies. Just like we deposit our money in our bank accounts, our crypto currencies are in our “crypto wallet”. Through assessing the wallet address, you can see, use and withdraw your crypto currencies.
What are public and private keys?
Every wallet has public and private key. Public key is like bank account numbers, it is a string of letters and numbers which are often called “wallet address”. The private keys are like passwords, to protect your account from being hacked or accessed by other people. Please do not share your Coinomo passwords with anyone at any time.