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A crypto wallet is a tool, usually an app, website, or small physical device, that lets you store and manage your cryptocurrency safely.

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What a wallet actually stores

A wallet does not hold coins the way a real wallet holds cash. Instead, it stores your private keys, secret codes that prove you own your crypto and let you send or receive it.
If someone gets your private key (or seed phrase, the list of secret words that can unlock your wallet), they can take your crypto. The wallet’s main job is to keep that key safe. Never share your seed phrase or private keys with anyone.

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Hot wallets vs cold wallets

Hot wallets

Stay connected to the internet (like mobile apps). Convenient for everyday use.

Cold wallets

Stay offline (like hardware devices). More secure for larger holdings.

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Custodial vs non-custodial

This is an important distinction to understand before choosing a wallet:
TypeWho controls the keysWhat it means
CustodialA third party (e.g. an exchange)They hold your keys for you, convenient, but you rely on them
Non-custodialYouYou hold your keys and have full control, and full responsibility
When selecting a wallet, familiarise yourself with the differences between custodial and non-custodial wallets. Make sure you understand the risks and benefits of each and follow all security recommendations for managing and controlling your wallet.

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Wallets that work with GMRX

GMRX runs on BNB Chain, so you can use common wallets like MetaMask or Trust Wallet, as long as they are set to the BNB Chain network.

Next: Connect your wallet

Ready to connect a wallet to the Launcher? Here’s how.