Crypto Wallets, Simply Explained
A crypto wallet lets you hold, send, and receive coins like Bitcoin and Ethereum. Think of it as your “app” for managing crypto. You control your funds with a secret called a private key (often stored as a recovery/seed phrase).
Wallet Basics for New Users
Wallets don’t actually “hold” coins inside your phone. Coins live on a blockchain. Your wallet stores keys that let you access and move them.
Your Address
Share this (like an email for money) to receive crypto. It’s safe to share.
Private Key / Seed
A secret phrase (12–24 words). Anyone with it can control your funds. Never share it.
Self-Custody
You hold the keys, you control the coins. Back up your recovery phrase safely.
Beginner-Friendly Wallets
Two simple, popular options that are easy to start with and support major networks.
Trust Wallet (by Binance)
Mobile wallet with a clean interface. Supports many coins and NFTs. Good for first wallets and everyday use.
- Receive & send in a few taps
- Built-in swaps and token support
- Simple backup with recovery phrase
Base Wallet (by Coinbase)
Beginner-friendly wallet that connects well with the Coinbase ecosystem and the Base network. Great for trying apps and sending/receiving crypto.
- Easy onboarding & smooth UX
- Good fit if you already use Coinbase
- Supports common networks & apps
Both wallets are free to install. Choose one, create a new wallet, and write down your recovery phrase.
*Always verify you’re downloading the official wallet app from a trusted app store.
- iOS & Android
- Multi-coin support
- Built-in swaps
- Simple backups
- Desktop app
- Beginner-friendly
- Great with Coinbase
- App & NFT support
- Easy sending/receiving
- Advanced trading tools
Set Up & Use Your Wallet
Follow these simple steps to start safely. This flow is similar in both Trust Wallet and Base Wallet.
1) Install
Download the official app from your device’s app store.
2) Create Wallet
Choose “New Wallet.” Write down your recovery phrase on paper.
3) Secure It
Enable a passcode/biometrics. Store the phrase offline and never share it.
4) Receive & Send
Tap “Receive” to get your address/QR. Tap “Send” to transfer out.
Simple Safety Checklist
These basics protect most new users.
Back Up Phrase
Write it on paper, store offline. No screenshots or cloud notes.
Verify Addresses
Send to the correct network and address type (BTC vs. ETH, etc.).
Start Small
Practice with a tiny amount to learn sending and receiving.
Lock Your Phone
Use device PIN/biometrics and enable in-app security features.
Lost recovery phrase = no access. Keep it safe and offline.
*We don’t store your keys. Only you control your wallet.