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Getting Started

What is a wallet?
How to Get a Wallet?
What wallet(s) do you support?
How to Use Metamask with Sushi
How to Use Trust Wallet's Browser Extension with Sushi
What Are The Differences Between Custodial And Non-Custodial Wallets?
What is a wallet?
What is a wallet?
How to Get a Wallet?
What wallet(s) do you support?
How to Use Metamask with Sushi
How to Use Trust Wallet's Browser Extension with Sushi
What Are The Differences Between Custodial And Non-Custodial Wallets?

A crypto wallet is a digital tool that lets you store, send, and receive digital assets like cryptocurrencies and tokens. It's the starting point for participating in DeFi (Decentralized Finance). Each wallet has a unique address, similar to a bank account number, that allows you to send and receive assets.

Types of Wallets

Different wallets offer unique features, primarily categorized by security and control.

1. Hot Wallets vs. Cold Wallets

  • Hot Wallets (Software Wallets): These wallets are always connected to the internet and are convenient for frequent transactions. Examples include MetaMask, Trust Wallet, and other app-based wallets. However, their constant internet connection makes them less secure than cold wallets.
  • Cold Wallets (Hardware Wallets): Cold wallets, like Ledger or Trezor, are physical devices that store cryptocurrencies offline. They offer enhanced security because they’re not connected to the internet, making them ideal for storing large amounts of assets for long periods.

2. Custodial vs. Non-Custodial Wallets

  • Custodial Wallets: Managed by a third party, such as a cryptocurrency exchange, these wallets hold control over your wallet’s private keys. They’re user-friendly and may offer additional services, but you do not have full control over your funds.
  • Non-Custodial Wallets: You control your private keys and therefore have complete control over your funds. Examples include MetaMask, Ledger, and Trust Wallet. These wallets are preferred for their enhanced security and autonomy.

Additional Wallet Types and Terms

  • Crypto Wallet: A general term for any wallet that holds cryptocurrencies, including hot and cold wallets.
  • Web3 Wallet: Wallets like MetaMask that are designed to interact with decentralized applications (dApps) on the blockchain.
  • EVM Wallet: Wallets compatible with Ethereum Virtual Machine (EVM)-based blockchains, allowing you to manage assets across networks like Ethereum, Binance Smart Chain, and Polygon.
  • DeFi Wallet: Wallets tailored for DeFi activities, enabling you to engage in lending, borrowing, staking, and other decentralized finance services.

Each type of wallet offers different features, making it important to choose the one that best suits your needs for security, accessibility, and control over your digital assets.

A crypto wallet is a digital tool that lets you store, send, and receive digital assets like cryptocurrencies and tokens. It's the starting point for participating in DeFi (Decentralized Finance). Each wallet has a unique address, similar to a bank account number, that allows you to send and receive assets.

Types of Wallets

Different wallets offer unique features, primarily categorized by security and control.

1. Hot Wallets vs. Cold Wallets

  • Hot Wallets (Software Wallets): These wallets are always connected to the internet and are convenient for frequent transactions. Examples include MetaMask, Trust Wallet, and other app-based wallets. However, their constant internet connection makes them less secure than cold wallets.
  • Cold Wallets (Hardware Wallets): Cold wallets, like Ledger or Trezor, are physical devices that store cryptocurrencies offline. They offer enhanced security because they’re not connected to the internet, making them ideal for storing large amounts of assets for long periods.

2. Custodial vs. Non-Custodial Wallets

  • Custodial Wallets: Managed by a third party, such as a cryptocurrency exchange, these wallets hold control over your wallet’s private keys. They’re user-friendly and may offer additional services, but you do not have full control over your funds.
  • Non-Custodial Wallets: You control your private keys and therefore have complete control over your funds. Examples include MetaMask, Ledger, and Trust Wallet. These wallets are preferred for their enhanced security and autonomy.

Additional Wallet Types and Terms

  • Crypto Wallet: A general term for any wallet that holds cryptocurrencies, including hot and cold wallets.
  • Web3 Wallet: Wallets like MetaMask that are designed to interact with decentralized applications (dApps) on the blockchain.
  • EVM Wallet: Wallets compatible with Ethereum Virtual Machine (EVM)-based blockchains, allowing you to manage assets across networks like Ethereum, Binance Smart Chain, and Polygon.
  • DeFi Wallet: Wallets tailored for DeFi activities, enabling you to engage in lending, borrowing, staking, and other decentralized finance services.

Each type of wallet offers different features, making it important to choose the one that best suits your needs for security, accessibility, and control over your digital assets.