A crypto wallet (or wallet) can only contain one type of cryptocurrency. For example, a Bitcoin wallet will only contain Bitcoins. However, there are also multi-wallets or cryptocurrency exchange wallets that can hold multiple cryptocurrencies. All of them offer advantages and disadvantages in terms of management, functionality and security.
Simple (classic) wallet
A crypto wallet will store a single cryptocurrency. It is a classic bag. The advantage of a simple wallet is that it will have many features that multicrypto wallets do not necessarily have:
- simple management
- full access to the blockchain
- access to the official cryptocurrency wallet
The download of the application will be done on the official crypto website. Therefore, you will need as many applications as a simple wallet.
Multiple portfolio Portefeuille
The Multi-Wallet allows you, as its name suggests, to have several cryptocurrencies in the same wallet to centralize and simplify the management of your crypto assets (spend, receive, exchange).
A multi-wallet wallet will be less protected than a single wallet.
The function of a cryptocurrency broker is to allow the exchange (purchase/sale) between 2 third parties (natural persons, for example) to allow them to guarantee the exchange.
Some financial instrument brokers (stocks, CFDs, indices, forex, etc.) also offer access to cryptocurrency trading through a cryptocurrency wallet.
A crypto wallet allows:
- buy cryptocurrencies
- send crypto to another wallet
- convert an active crypto
- to receive an active crypto
- and of course to exchange cryptos
Here is a list of cryptocurrency brokers:
- Etoro: Etoro money is the software to manage your cryptos.
- Xtb – XTB offers a CFD account on cryptos (50 cryptos).
- Avatrading: Ava Trading offers a crypto account (18 cryptos).
To see: All cryptocurrency brokers.