A Bitcoin wallet is like an account for storing Bitcoin and other cryptocurrencies, consisting of two random strings of characters. The first acts as a username to identify a given account on the blockchain. The second is the 'private key', which acts like a password before the validation of a transaction can occur. There are two types of Bitcoin wallets: hot wallets and cold wallets. Hot wallets are connected to the internet and make digital assets more accessible on a day-to-day basis. Cold wallets (or hardware wallets) are stored offline for added security but lack convenience. Many crypto vendors provide hot wallets at no additional charge. The Crypto.com App includes a secure wallet for Bitcoin and access to more than 250 other cryptocurrencies.