Cryptocurrency wallets do not actually store cryptocurrency. They store cryptographic private keys, which allow the owner to transfer cryptocurrency on the blockchain to a new address. So when we talk about ownership of cryptocurrency, we are actually referring to control of private keys. A private key is simply a long sequence of random letters and numbers, like a very strong password. Letters and numbers can be written in electronic and non-electronic form. Typical software and hardware wallets store private keys in electronic form on a device with electronic components. Ballet wallets store private keys in two-factor physical form; the encrypted private key is printed on a robust waterproof sticker and the passphrase is laser-etched in steel. Ballet’s unique non-electronic design provides all the standard functions of every other cryptocurrency wallet, but with greater physical durability and resilience than any electronic device.
Articles in this section
- Receive & Send NFT on Ballet Wallet
- How is it possible to store cryptocurrency on a non-electronic device such as a Ballet wallet?
- Can I deposit cryptocurrency to a Ballet wallet before taking it out of the cardboard package?
- What’s the difference between a Ballet wallet and a virtual wallet card?
- What’s the difference between a cryptocurrency address and a cryptocurrency account?
- How do I buy cryptocurrency in the Ballet Crypto mobile app?
- What’s the first thing I should do when I get a new Ballet wallet?
- Do I need to use the Ballet Crypto mobile app to deposit cryptocurrency to my Ballet wallet?
- Download the Ballet Crypto app
- How do I check the balance on my Ballet wallet?