Cryptocurrency or ethereum wallets are software programs that store your public and private keys and interface with various blockchain so users can monitor their balance, send and receive money. When someone sends you ethereum or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet.
A favorite wallet of mine with support for ERC20 Tokens. Allows you to interact directly with the blockchain while remaining in full control of your keys & your funds. The drawback of this wallets is it only supports Ethereum and Ethereum based tokens.
Exodus is designed for people who have never used an exchange. Ready to exchange Bitcoin for Ethereum? Exodus hides the complex details; in seconds, assets are exchanged behind the scenes. This wallet supports a large range on coins.
