AKTLogo Akt.io

Product

Learn

Company

AKTIO coin

Blockchain

Crypto wallet: What is it and how does it work?

January 7, 2022

A crypto wallet is a digital storage for cryptocurrency, and gives the user access to their digital assets for transactions. The first crypto wallet was created by Satoshi Nakamoto, the brain behind the revolutionary cryptocurrency Bitcoin. This was the wallet that held the very first Bitcoin in 2009. The technology that brought about Bitcoin, Blockchain technology, eventually evolved into an industry that today accounts for millions of digital wallets. The only way to receive cryptocurrency is through your wallet address which sits on a particular blockchain. This is done by simply giving the sender your crypto wallet address. 

* All content presented here is only for informational purposes. It is not to be used as financial, trading or any other sort of advice or endorsement. It is not to be used as a basis for decisions on any monetary operations. Past performance of any assets mentioned is not necessarily indicative of future performance.

You might be interested

Smart contract: What is it and how does it work?

The crypto world and how to navigate it: Going beyond the hype

What is a Blockchain and how does it work?

Customer support

support@akt.io

+353 1 574 7382

Opening hours:

Monday to Friday: 9am - 5pm CET

Product

Earn

Grow

Spend

Memberships

Ambassador

Roadmap

Referral

Company

About

AKTIO coin

Careers

Learn

News

Glossary

AKT Academy

Help

FAQ

Sitemap

System Status

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.

Terms of use

Privacy Policy

Cookie Policy

Consent choices

Advent Calendar 2022 rules