2019-03-10 21:28:49 +00:00
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---
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2021-10-16 08:25:12 +00:00
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summary: 'A wallet stores the information necessary to send and receive Monero'
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2019-03-10 21:28:49 +00:00
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terms: ["wallet", "wallets"]
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---
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2020-08-16 17:11:02 +00:00
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{% include disclaimer.html translated="no" translationOutdated="no" %}
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2019-03-10 21:28:49 +00:00
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2021-10-16 08:25:12 +00:00
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### The Basics
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2019-03-10 21:28:49 +00:00
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2021-10-16 08:25:12 +00:00
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A Monero account, or wallet, stores the information necessary to send and
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receive Moneroj. In addition to sending and receiving, the Monero Wallet
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software keeps a private history of your transactions and allows you to
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cryptographically sign messages. It also includes Monero mining software
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and an address book.
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2019-03-10 21:28:49 +00:00
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2021-10-16 08:25:12 +00:00
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The term "hot wallet" describes a Monero @account which is connected to the
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Internet. You can send funds easily but security is much lower than a cold
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wallet. Never store large amounts of cryptocurrency in a hot wallet!
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2019-03-10 21:28:49 +00:00
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2021-10-16 08:25:12 +00:00
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A cold wallet is generated on a trusted device or computer via an @airgap.
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If the device is to be reused, the data storage should be securely
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overwritten. As soon as a cold wallet is connected to the Internet or its
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mnemonic phrase or @spend-key is entered on an Internet-connected device,
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it's no longer "cold" and should be considered "hot".
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2019-03-10 21:28:49 +00:00
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2021-10-16 08:25:12 +00:00
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A Monero @paper-wallet can be generated by downloading the source code of
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https://moneroaddress.org/. Verify the signature of the code on a trusted
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airgapped device. Create the wallet and print or store it on the media of
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your choice.
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2019-03-10 21:28:49 +00:00
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2021-10-16 08:25:12 +00:00
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Monero accounts and paper-wallets can be stored on any media - paper, USB
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drive, CD/DVD, or a hardware wallet device (Ledger available since June
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2018).
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