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20 lines
1.4 KiB
Markdown
20 lines
1.4 KiB
Markdown
---
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layout: moneropedia
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entry: "Wallet"
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terms: ["wallet", "wallets"]
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summary: "A wallet stores the information necessary to send and receive Monero"
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---
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### The Basics
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A Monero account, or wallet, stores the information necessary to send and receive Moneroj. In addition to sending and receiving, the Monero Wallet software keeps a private history of your transactions and allows you to cryptographically sign messages. It also includes Monero mining software and an address book.
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The term "hot wallet" describes a Monero @account which is connected to the Internet. You can send funds easily but security is much lower than a cold wallet. Never store large amounts of cryptocurrency in a hot wallet!
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A cold wallet is generated on a trusted device or computer via an @airgap. If the device is to be reused, the data storage should be securely overwritten. As soon as a cold wallet is connected to the internet or its mnemonic phrase or @spend-key is entered on an internet-connected device, it's no longer "cold" and should be considered "hot".
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A Monero @paper-wallet can be generated by downloading the source code of https://moneroaddress.org/. Verify the signature of the code on a trusted airgapped device. Create the wallet and print or store it on the media of your choice.
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Monero accounts and paper-wallets can be stored on any media - paper, USB drive, CD/DVD, or a hardware wallet device (none available for Monero as of June 2017).
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