Software that stores access keys
Used to exchange cryptocurrencies
Users can view balances
Hot wallets
Cold wallets
Exists online
Mobile or desktop
Can be non-custodial or custodial
Suitable for active users (regular transactions)
Highly accessible
Available on any internet-enabled device
Often free of cost
Vulnerable to hacking
Technical issues
Exists offline
Usually a hardware device or paper wallet
Suitable for long-term savings
Extremely secure
No issues involving internet
Not easily accessible
Expensive
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