Crypto wallets play a significant role in the safety framework of digital assets. Security of funds is enhanced according to the type of wallet. Broadly, crypto wallets fall into two main categories: custodial and non-custodial. Each type has distinct advantages and disadvantages and caters to different needs based on investment goals, technical expertise, and risk tolerance.
Token standard is a set of rules and regulations governing how a crypto token works. ERC-20, BEP-20, ERC-721, and ERC-1155 are some of the popular token standards.