Crypto Wallets

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

Derivation Path

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

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Mnemonic Phrase

A human-readable representation of wallet key material.

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Hot Wallet

A wallet connected to an online environment.

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Cold Wallet

A wallet designed to keep keys away from online environments.

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Hardware Wallet

A physical device for protecting cryptographic keys.

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Software Wallet

An application for managing crypto assets and keys.

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Crypto Wallet

A tool for managing crypto assets and keys.

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Multisig

A wallet requiring multiple keys to approve transactions.

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Private Key

A secret key used to control crypto assets.

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HD Wallet

A hierarchical deterministic cryptocurrency wallet.

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Seed Phrase

A recovery phrase used to restore a crypto wallet.

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Wallet Address

An identifier used to receive crypto assets.

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Change Address

An address used to receive transaction change.

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Transaction Signing

Cryptographic authorization of a blockchain transaction.

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Public Key

An open cryptographic key used to verify signatures.

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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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