Terms related to cryptocurrency wallets, including seed phrases, private and public keys, addresses, hot and cold wallets and other concepts.

Derivation Path

The path used to derive keys and addresses in an HD wallet.

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Mnemonic Phrase

A human-readable representation of wallet key material.

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Hardware Wallet

A physical device for protecting cryptographic keys.

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Change Address

An address used to receive transaction change.

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Seed Phrase

A recovery phrase used to restore a crypto wallet.

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Public Key

An open cryptographic key used to verify signatures.

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Transaction Signing

Cryptographic authorization of a blockchain transaction.

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Multisig

A wallet requiring multiple keys to approve transactions.

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HD Wallet

A hierarchical deterministic cryptocurrency wallet.

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Wallet Address

An identifier used to receive crypto assets.

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Crypto Wallet

A tool for managing crypto assets and keys.

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Private Key

A secret key used to control crypto assets.

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Self-Custody

Direct personal control over cryptocurrency keys.

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Non-Custodial Wallet

A wallet where the user controls the keys.

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Custodial Wallet

A wallet where a third party controls the keys.

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Software Wallet

An application for managing crypto assets and keys.

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Cold Wallet

A wallet designed to keep keys away from online environments.

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Hot Wallet

A wallet connected to an online environment.

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