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Paranoid Internet GmbH
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Founder & CEO: Dennis Weidner
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established since 2014

what-is-a-crypto-wallet

What is a Crypto Wallet?

Unlike physical money, storing your cryptocurrency is a little more complicated. BUT! Do not fret, we will tell you what you need to know to start storing your cryptocurrency. First off, you need to get a crypto wallet. What’s that? A crypto wallet or cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency. You will need one in order to do anything with any cryptocurrency. Some of...

Cryptocurrency Wallet

How Does a Cryptocurrency Wallet Work?

Cryptocurrency is not actually  “stored” in a cryptocurrency wallet or exist anywhere in the physical form. Furthermore, all that exist are records of the different transactions stored on the blockchain. The cryptocurrency wallet stores your public and private keys, interacts with various blockchain to enable sending and receiving digital currency, and used to monitor the balance of your digital currency. It is more accurate to think of it as a ledger of sorts. Wallets The...