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Crypto Custody: Wallets 101!! What YOU NEED To Know!! ??A cryptocurrency wallet is what allows people to store and trade crypto. It can be set up and managed by a centralized crypto exchange (CEX) like Coinbase. Software wallets are a type of storage for your cryptocurrency that you can download onto your computer, tablet, or smartphone. They allow you. A cryptocurrency wallet lets you control access to your crypto assets on the blockchain with private keys. Therefore, crypto wallets definitely.