How do I create an offline wallet?

Go to File -> New/Restore , create a new wallet (let’s call it “online”), choose the wallet type and select “Use public or private keys”. Paste the master public key from the offline wallet into the form and click “Next”. A new watch-only wallet with all the offline wallet’s addresses will be created.

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How do offline wallets work?

The unsigned transaction is moved to the offline wallet and signed with the private key. The signed transaction is then moved back to the online wallet which broadcasts it to the network . Because the offline wallet never gets connected to the internet, its stored private keys remain secure.

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Do crypto exchanges provide wallets?

While there are other ways to purchase crypto, many people acquire crypto on cryptocurrency exchanges. Upon making a purchase, the cryptocurrency you acquired is automatically stored in your exchange-hosted wallet , which is typically custodial, meaning the exchange has control of your private keys.

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