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The Economic Times

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New to crypto? Heres how wallets work and why you need one

Crypto wallet explained: A crypto wallet doesn't store your digital assets but holds the private keys proving ownership on a blockchain. These keys, along with a seed phrase, are crucial for managing and securing your cryptocurrency. Understanding hot vs. cold and custodial vs. non-custodial wallets is essential for beginners to control their digital assets effectively.

6 Apr 2026 9:41 pm