Software Wallet
a.k.a. Desktop wallet, Mobile wallet, Browser wallet, Wallet app
A crypto wallet that is an app or program on your phone, computer or browser, rather than a separate device.
A software wallet is a wallet you install: a phone app, a desktop wallet program on your computer, or a browser extension. It creates and stores your keys on that device, so it's usually a hot wallet and often non-custodial.
They're free, quick to set up and great for connecting to DeFi apps. But they're only as safe as the device: malware, a fake app from a copycat download site or a bad browser extension can empty them. Download only from the official source and keep big holdings on a hardware wallet.
Installing a wallet from a search ad or a link in a message. Fake wallet apps are one of the most common ways people get drained.
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