Terms related to cryptocurrency wallets, including seed phrases, private and public keys, addresses, hot and cold wallets and other concepts.

Public Key

An open cryptographic key used to verify signatures.

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Transaction Signing

Cryptographic authorization of a blockchain transaction.

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Multisig

A wallet requiring multiple keys to approve transactions.

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Derivation Path

The path used to derive keys and addresses in an HD wallet.

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HD Wallet

A hierarchical deterministic cryptocurrency wallet.

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Change Address

An address used to receive transaction change.

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Wallet Address

An identifier used to receive crypto assets.

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Mnemonic Phrase

A human-readable representation of wallet key material.

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Seed Phrase

A recovery phrase used to restore a crypto wallet.

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Crypto Wallet

A tool for managing crypto assets and keys.

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Private Key

A secret key used to control crypto assets.

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Self-Custody

Direct personal control over cryptocurrency keys.

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Non-Custodial Wallet

A wallet where the user controls the keys.

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Custodial Wallet

A wallet where a third party controls the keys.

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Software Wallet

An application for managing crypto assets and keys.

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Hardware Wallet

A physical device for protecting cryptographic keys.

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Cold Wallet

A wallet designed to keep keys away from online environments.

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Hot Wallet

A wallet connected to an online environment.

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