Key concepts
This guide is for informational purposes only and does not constitute financial or professional advice. Learn about the risks.
Wallets
Crypto wallets are apps or websites that enable you to hold and transact crypto tokens. Similar to your email app or website. For example: Exodus (non-custodial) or Coinbase (custodial).
Tokens
Crypto tokens, also known as digital assets or "coins", are units of account that can be transacted on a crypto network. For example, Bitcoin (BTC) or USDC.
Addresses
Crypto addresses, also known as public keys, are unique codes that identify a crypto wallet where tokens can be sent. Similar to your email address.
Recovery phrases
Crypto recovery phrases, also known as private keys, are unique codes often in the form of 12 words, that enable you to restore your non-custodial crypto wallet.
Never share your recovery phrase with someone you don't trust with your funds.