# Wallets

By [Andre](https://paragraph.com/@ethereum-vitalya) · 2023-01-18

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A [cryptocurrency wallet](https://en.wikipedia.org/wiki/Cryptocurrency_wallet) is a means of storing the [public and private "keys"](https://en.wikipedia.org/wiki/Public-key_cryptography) (address) or seed which can be used to receive or spend the cryptocurrency.[\[80\]](https://en.wikipedia.org/wiki/Cryptocurrency#cite_note-80) With the private key, it is possible to write in the public ledger, effectively spending the associated cryptocurrency. With the public key, it is possible for others to send currency to the wallet.

There exist multiple methods of storing keys or seed in a wallet. These methods range from using paper wallets (which are public, private or seed keys written on paper), to using hardware wallets (which are hardware to store your wallet information), to a digital wallet (which is a computer with a software hosting your wallet information), to hosting your wallet using an exchange where cryptocurrency is traded, or by storing your wallet information on a digital medium such as plaintext

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*Originally published on [Andre](https://paragraph.com/@ethereum-vitalya/wallets)*