Web wallets are online platforms that store your private keys for you. These keys grant access to your cryptocurrency holdings, so it is important to keep them secure. Web wallets are controlled by a third party, such as a cryptocurrency exchange platform, and can be accessed from any device with internet connectivity. While web wallets offer convenience, they also come with risks. You must trust the third party to handle your private keys responsibly and protect your account from unauthorized access. It is also possible for hackers to gain access to your web wallet if they obtain your credentials (username and password).
