What Is A Wallet?

Learn about wallets

A crypto wallet is needed to help you buy, sell, and store your cryptocurrency and also NFTs on blockchain. Think of it as your address on the blockchain, and using your address you can store, send and receive items from it.

Custodial vs Non-Custodial Wallets

There are two types of crypto wallets: custodial (“hosted”, "managed") and non-custodial.

  • Custodial wallets: these are managed by a third party company (like us, Revelator), and allow whitelisted access via a backend authentication method or similar.

  • Non-Custodial Wallet: these are managed entirely by yourself. You must keep your private key secure in order to keep it safe. Similar to the code to your safe or your account ID & password for your bank.

Different wallets support different blockchains, and not all wallets support NFTs.

Wallets supported for NFT storefronts (for buyers)

The following wallets can be used by buyers to purchase NFTs listed on your storefront:

WalletConnect is an SDK that many third-party wallets can implement in order to offer decentralised app authentication.

Last updated