JUST IN: Understanding what a cryptocurrency wallet is is one of the most important steps for anyone who wants to go beyond simply buying assets on an exchange.

A crypto wallet doesn't store coins, but rather the private keys that prove ownership of the assets on the blockchain.
These 12 or 24 word seed phrases allow you to restore an entire wallet and should be protected as the most sensitive information.
The differences between hot, cold, custodial, and non custodial wallets directly impact security, convenience, and control.