Can software wallets be further classified?
Software wallets can be categorized into "web version," "mobile version," and "desktop version.
Web-based wallets are compatible with both smartphones and computers, but some of them require you to deposit your private key with the wallet provider, so you may need to be careful from a security perspective.
On the other hand, many mobile and desktop versions allow you to manage your private key on your phone or computer.
Therefore, if you lose your phone or computer, you will lose your private key as well, so you need to be careful when handling them.
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Typical examples of software wallets
From software wallets, let's take a look at Blockchain.com and MetaMask.
Both are popular wallets that have gained a large share of the global market.
Blockchain.com
Blockchain.com is a web-based wallet that has been around for a long time and is characterized by its ability to trade cryptocurrencies directly from the wallet.
Blockchain.com allows you to trade cryptocurrencies directly from your wallet. Previously, you had to transfer funds from your wallet to an exchange to trade cryptocurrencies, but with Blockchain.com, you can skip that step.
In addition to the trading function, an explorer is provided, which allows you to retrieve information on transactions recorded in the Bitcoin and Ethereum blockchains.
MetaMask
MetaMask is the world's most popular wallet for Ethereum.
MetaMask is the world's most popular wallet for Ethereum, and is available as an extension for Google Chrome.
Therefore, if you put cryptocurrency in MetaMask, you can use ethereum-related applications without having to prepare another wallet.
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Typical examples of hardware wallets
Let's take a look at "Ledger" and "TREZOR", which are representative examples of hardware wallets that are dedicated terminals for cryptocurrency wallets.
Compared to software wallets, which are mostly free, hardware wallets often cost more than $100, so not many people consider buying one.
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