Software Wallet
A digital wallet app that stores your crypto keys on your device.
A software wallet is an app on your phone or computer
that stores your private keys locally.
It lets you send, receive, and manage crypto easily —
but since it’s connected to the internet, it’s less secure than a hardware wallet.
Why it matters
- Convenient and beginner-friendly
- Works with multiple blockchains
- Vulnerable to malware and phishing if your device is compromised
💡 Lanzo Tip
Use a hardware wallet for long-term storage
and keep software wallets only for small, active trading balances.