Who Is Really Getting Rich from this CRYPTO BULL RUN? | by Surgical Investing | The Capital | Jan, 2025

Now let’s talk about wallets. In the real world, a wallet holds your cash and cards. In the crypto world, it holds your Bitcoin, Ethereum, or whatever tokens you own. And without wallets, the crypto ecosystem wouldn’t function.

There are two main types of wallets: custodial and non-custodial. Custodial wallets, like those on exchanges, are managed by third parties, much like a bank. Non-custodial wallets, however, give you full control. You hold the private keys — essentially the password to your funds. One primary example is Ledger hardware wallet (which I personally use).

With crypto adoption surging, wallets like Metamask, Trust Wallet, and Phantom are becoming household names. They’re not just tools; they’re businesses. Many wallets now let you stake tokens, swap coins, and interact with decentralized apps, earning fees for every transaction.