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Cryptocurrencies are virtual currencies that have changed the way transactions take place.
To trade these currencies, a secure platform and a wallet is needed.
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Over the past few years, the use of cryptocurrencies has increased all around the globe.
With the rising number of cryptocurrencies, the need for security of digital currencies has also increased.
This article is all about the cryptocurrency wallet and its services.
People started liking to move towards digital and it also rooted the idea for digital money.
In 1996, e-gold, was introduced which allows users to transmit and store digital gold coin.
In the early days, Crypto exchanges are centralized where all the data and virtual currencies are stored in the centralized server which is highly prone to hacking.
The Popular Bitcoin Exchange, Bithumb got hacked and money worth $31 million USD was theft.
This threads the traders and the created the need for decentralized exchanges De-Centralized exchanges are those which does not have any central authority, traders can store their money in their own personal wallet.
It is popularly known as hack-proof.
If you own one or more cryptocurrencies, then it’s essential to have a cryptocurrency wallet to store & transfer the currencies.
A cryptocurrency wallet is a digitized system that records private & public keys.