What is a wallet?

Answer: A digital wallet where you can store your cryptos.

Each crypto has its own blockchain and therefore a unique wallet (address). Because all currencies are separate systems that do not communicate with each other, it is important that you enter the right wallet address. A Bitcoin cannot be transferred to an Ethereum wallet or vice versa. If you do this, you risk of losing your cryptos.

Quickly go to:

What is a LiteBit wallet?

What is an external wallet?

What does a wallet address look like?