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Crypto wallets explained1. Always hold most assets in self-custody � 2. Use different crypto wallets for different purposes � 3. Use a mix of wallet types � 4. Have a. Key Takeaways: � A cryptocurrency wallet is a device or program that stores your cryptocurrency keys and allows you to access your coins. Setting up a Bitcoin cold storage wallet is straightforward. 1. Create an offline Bitcoin address to receive your bitcoin. 2. Send bitcoin to the generated.