There are a lot of different crypto wallet available. A crypto wallet is very useful for the decentralized storage of the bought crypto currencies. The advantage is that the coins and tokens are in your wallet and not on a crypto stock exchange. On a stock exchange you have different dangerousnesses like insolvency, hacked, blocked or other things. If the coins are on your wallet it’s yours. The recommendation is therefore to transfer your coins to your decentralized wallet. Much better is a hardware wallet but that is another topics explained in another chapter of the crypto newcomer. Last but not least if you would like to trade with coins or tokens on decentralized crypto stock exchange you need such wallets.

There are a lot of differen wallets available like Metamask, Trust, Exodus, Best Wallet, Solflare etc. for the right wallet you need to check which coins and tokens should be stored on the wallet. Solana Chain coins or tokens can be stored on Solflare (Solana) Wallet. Ethereum, BNB etc. can be stored on Metamask. So please check your needs with the specifications on the wallets. You can use more as one wallet surely.

I have 5 wallets but the most I use is next to the hardware wallet the metamask wallet. Therefore at the end I recommend two wallet trust and metamask and for Solana the solflare.

You can download the metamask wallet on metmask.io.

During installation of the wallet (first time) you need to write down your unique and own seed prase password. That code is very essential else you can loose all your money. Therefore write it down or similar and hide it in your apartment 🙂