How are you all Alhamdulillah I am fine. Friends today I will talk to you about wallet. Let's know about wallet. We are interested in various coins and it appears that we want to buy those coins. Now when you buy some coins but you have to keep those coins somewhere. Like when you have money you keep it somewhere. Keep them in a place where they are safe. These require a lot of security so you can keep them safe for a long time. Usually when we have more money we keep it in the bank. Because the money is safe in the bank which means we withdraw and keep money as needed. Now think about crypto. But in case of crypto you can't keep the coins in the bank, you have to use an electronic device for that. You can keep them in different digital wallets if you want. So these wallets are of 3 types.

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1. Centralize Wallet
2. Decentralize Wallet
3. Hardware Wallet

Let's talk about centralize olet. Centralize oleet is an oleet that is owned by a specific author, which means someone will be responsible for storing this oleet. Then that person will have all kinds of access. Which is actually not that safe. But there are many centralized wallets which are much safer. They can safely store people's coins. Binance is providing good service so far. The question arises as to how it will be supported in the future. However, centralized coins must have a reserve. If there is no reserve they can scam. Binance has very good reserves. So hope it doesn't scam. Moreover, there are many other good olets like kucoin, coinbase, many such olets which have been providing good support for a long time, so I hope they will provide good support in the future. As a result we can rely on them. If you have a small amount you can rely on it.

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Then let's talk about decentralized wallets. They have no ownership. How does it run if no one controls it? Blockchain technology is mainly used here which basically works as a chain by chain. As a result they work beautifully. Actually no wallet is fully decentralized to be honest. Because there are many tasks in them that usually have to be done by people, it can be said that 80% is decentralized and the remaining 20% ​​may be controlled by people. This is basically my opinion, if you want to agree with me, you can comment in the comment box. But it is much better than the centralized wallet. And you can say safe.

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Now let's talk about hard olette. It is basically a hardware wallet. You can buy them from the market or online if you want. These are physical wallets that will just be your wallet. As a result, you can say here as the most safe, there is no other safe than this, these oleets are very safe, so there is no possibility of hacking them so quickly. So friends this was today's post. Don't forget to comment how the post was. See you soon with a new post. Thanks everyone. Everyone will be fine. Thank you for reading the post till the end.