Wallet

wol-it

Noun

formal english definition

Crypto wallet that stores cryptocurrencies.

EXPLAIN LIKE I'M 5-YEARS-OLD (ELI5) definition

In cryptocurrency terms, a wallet is the place where you store your funds (cryptocurrency). Cryptocurrency transactions happen by sending money to and from different wallets.

COMPREHENSIVE definition

In cryptocurrency terms, a wallet refers to an application which functions similarly to a physical wallet by storing one's funds as coins and tokens. Wallets contain both a public key, which allows others to send crypto to it, and a private key, which allows you to access your funds.

Other local languages
Tagalog definition

Crypto wallet kung saan iniimbak ang mga crypto currency.

Cebuano definition

Crypto wallet nga nagtipig sa mga cryptocurrencies.

Ilocano definition

Petaca iti crypto nga pangidulinan iti cryptocurrencies.