Fundamentals

Wallet

Software or hardware that manages the private keys controlling your coins — where mining pool payouts are sent.

A wallet doesn't "store" coins (those live on the blockchain); it stores the private keys that authorise spending them. For miners, the wallet address is what you enter in the pool dashboard or ASIC configuration to receive payouts.

Best practice scales with balance: exchange addresses are fine for immediate selling, software wallets (Electrum, Sparrow, Feather) for working balances, and hardware wallets (Ledger, Trezor, Coldcard) for accumulation. Never mine to an address whose keys you haven't backed up.

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