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Top 6 Best Ways To Store Your CRYPTO!! How To Stay Safe!!Choosing the right functionality, efficient strategy, and relevant expertise is essential for building a successful crypto wallet application. Wallets use cryptography to authenticate transactions. When you create a wallet, it generates a hash of your �address,� which uniquely identifies your wallet. How does Blockchain Wallets work? Cryptocurrency wallets reflect your account balance- your Bitcoins, your ICO tokens, and any other digital assets you own.