GPUMINE Mining Encyclopedia（五）

What is a Cryptocurrency Personal Wallet?

A Cryptocurrency Personal Wallet manages blockchain wallet accounts through mnemonic phrases and private key management. Only individuals who possess account control can perform signing actions (including transfers and authorizations). Users are responsible for safeguarding their wallet mnemonic phrases and private keys. Personal wallets include mobile wallets, browser wallets, desktop wallets, and cold wallets, excluding exchange apps.

What is a Cryptocurrency Exchange Wallet?

A Cryptocurrency Exchange Wallet facilitates receiving and transferring activities through Web2 accounts, passwords, emails, and 2FA. Its operability is limited, for example, it may not be usable on GameFi platforms or receive tokens unsupported by the exchange. Mnemonic phrases and private keys are managed by the exchange, and individuals do not directly possess control over blockchain wallet accounts.