Read about which crypto wallets are available in Russia in 2025 in the RIA Novosti article.
What is a crypto wallet
A crypto wallet is a digital tool (app, device, or program) that allows you to securely store, send, and receive cryptocurrency.
There are many types of crypto wallets, they are classified according to different features and have different operating features.
Why do you need crypto wallets: their main functions
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Store private keys that provide access to hong kong mobile database cryptocurrencies and confirm the user's right to manage assets.
Send and receive cryptocurrency: the ability to make transactions quickly and securely.
Manage assets: A number of wallets allow you to track the value of cryptocurrencies, connect different tokens, and use additional features.
Provides the ability to integrate with crypto exchanges: you can exchange cryptocurrency directly within the application.
Cold and hot crypto wallets
Crypto wallets are either cold or hot, depending on whether they are constantly connected to the internet.
Cold wallets are devices or programs that are not connected to the Internet permanently. They can be hardware (data is stored on physical devices) or software (data is stored on local media).
The most famous and popular manufacturers of hardware wallets for cryptocurrencies in the world are Trezor, KeepKey, Ledger.
Cold storage crypto wallets are the safest because the lack of communication helps reduce the risk of scammers stealing the private key and gaining access to the wallet.