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Cryptocurrency wallets are specialized software programs that interact with different blockchain networks. Blockchains are digital ledgers that record a crypto coin's full history, including all of its transactions.
A cryptocurrency wallet is one of the features included with the software package, and it's not exactly a proper storage space! It's more than that, and the cryptocurrency is encoded as a digital code. All of the sending and receiving of digital coins takes place through these wallets. Such cryptocurrency wallets are available within the corresponding package, or a third-party wallet may be required.
A digital wallet, like a traditional wallet, can store your money, in this instance cryptocurrency. Your digital wallet must be able to interface with the decentralized electronic network that handles and records your digital currency because it exists nowhere else.