Himalaya Exchange does not offer a wallet. Your coins are held within our exchange wallet and assigned to your account. They can however, be sent to an external wallet of your choice.
A cryptocurrency wallet (also known as an 'eWallet') is a software service which stores the public and/or private keys allowing access to your funds. In addition to this basic function of storing the keys, they often also offer the functionality of encrypting and/or signing information. eWallets are available from cryptocurrency exchanges, token minters and other actors in the cryptoasset industry.
An address linked to your eWallet is assigned upon creation. The address creation process involves your eWallet subjecting the public key through a sequence of cryptographic algorithms. Once you have acquired your crypto assets, they need to be stored somewhere. A great storage location for them is a place called a wallet.
Two types of wallets exist, which are software or ‘soft’ wallet and a hardware or ‘hard’ wallet. To engage in active trading, you’ll need a software wallet.
After signing up with some exchanges, they automatically provide you with a ‘soft’ wallet.
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