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Cold Wallet vs. Hot Wallet: Where Is Crypto Stored?Crypto wallets keep your private keys οΏ½ the passwords that give you access to your cryptocurrencies οΏ½ safe and accessible, allowing you to send and receive. A mobile wallet is a crypto wallet app that lets you store and control your cryptos on your smartphone. Available on iOS and Android, these are. A crypto wallet stores the public and private keys necessary to send, receive and store cryptocurrency. When you buy cryptocurrency, the company.