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Ripple Quick Start Guide

You're reading from  Ripple Quick Start Guide

Product type Book
Published in Dec 2018
Publisher Packt
ISBN-13 9781789532197
Pages 160 pages
Edition 1st Edition
Languages
Author (1):
Febin John James Febin John James
Profile icon Febin John James

Types of wallets

Our physical wallets hold cash, identity cards, credit cards, and so on. Similarly, cryptocurrency wallets hold our public/private keys. They also help you check your account balance, see previous transactions, and assist you in sending and receiving money. You will need to select the wallet that best suits your needs.

If you have skipped the previous chapter, think of the public key as the username and the private key as a password.

Online wallets

A beginner will find online wallets easy to use. It's similar to using an online bank account. Here, you don't have access to your private key because it is maintained by the online wallet provider. Secret keys that are stored online are known as hot wallets...

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