WHAT IS A WALLET AND HOW DOES IT WORKS?
A wallet or electronic purse, is used to order online payments easily and quickly and can be both physical and online. The differences between them are:
- Physical: a file that is stored on the hard drive of your computer and stores all the personal information needed to order and receive payments online.
- Online: these work in a similar way to physical wallets but they are stored on the servers of an external company. These are accessible from anywhere on the Internet, so they can be synchronised across devices and can be updated at anytime.
Each wallet has an address to deliver transfers to, so to complete the transaction you only need the recipient’s wallet address. You can also add as many addresses as you want to your wallet.
- Faster: transfers are instantaneous.
- Less commissions.
HOW TO CREATE A WALLET IN CRIPTO-PAY?
Cripto-Pay offers its users a multi-wallet service to store all your cryptocurrencies in the same wallet. You can access this quickly and easily. Forget about having a wallet for each currency.