Crypto Wallets Explained in 26 Seconds | N26

So, you’re getting ready to buy some cryptocurrency. But what next? You’ll need a place to keep your Bitcoin, Ethereum, or Dogecoin once you own it.

In this video, we give you a rundown of crypto wallets: what they are, the most popular types, and what their different uses are.

Hosted or Exchange Wallets: These wallets are hosted directly on the exchange where you buy crypto. The exchange usually holds onto your private key for you. (0:35)

“Non-custodial” Wallets: This is a software wallet that you can use to connect to different parts of the crypto ecosystem. It comes with a private key that only you control. (0:40)

“Cold” Wallets: This is a hardware wallet that comes with a private key. If you lose your wallet, you can recover your crypto using a recovery seed. (0:45)

Getting started with crypto can feel like an intimidating thing, but we’re here to help. Check out our blog to get started:

The statements in this video do not constitute investment advice or any other advice on financial services, financial instruments, financial products, or digital assets. They are intended to provide general information. The statements in this video do not constitute an offer to conclude a contract for the purchase or sale of financial instruments and financial products or an invitation to submit such an offer and to buy or sell any particular digital asset. Cryptocurrencies are subject to high fluctuations in value. A decline in value or a complete loss are possible at any time. The loss of access to data and passwords can also lead to a complete loss.

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[SebaZero]

Well, cold wallets are non custodial too

[cemdogansahin]

Why did you talk about that? Is N26 gonna let us buy crypto soon? Is it what you were trying to say?