Software Wallet

A software wallet is a digital application that securely stores your cryptocurrency private keys on a computer or mobile device. It allows you to manage, send, and receive cryptocurrencies conveniently. Unlike hardware wallets, which are physical devices, software wallets are installed as programs, making them accessible and easy to use. They often come with security features like encryption and backups to protect your assets, but being connected to the internet can make them more vulnerable to hacking. Overall, they offer a practical way to access and control your cryptocurrencies for daily use.