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href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-roi/">returns on investment (ROI)</strong></a>. They follow a set of rules that make their trading actions predictable, and they are easily scared by normal market price fluctuations. As a result, they end up purchasing at high prices and selling at low prices, which is exactly how they <strong>lose money</strong>.</p>","level":"easy","meta_title":"What are Weak Hands? Definition & Meaning | Crypto Wiki","meta_description":"Weak Hands meaning: Weak Hands - a term that is usually used to describe a trader or investor who is compelled by fear to swiftly quit positions in response to nearly any negative news about the market.","meta_keywords":null,"language":"en","created_at":"2022-04-04T06:21:22.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-weak-hands"},"prevSection":{"id":817,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Wallet?","slug":"what-is-wallet","section":"W","keyword":"Wallet","status":"published","definition":"a device, physical entity, program, or service on which private or public keys are stored.","content":"<p><strong>A crypto wallet is a device, physical entity, software program, or service that allows users to store, transmit, and receive digital assets. </strong>To put it another way, wallets store <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public keys</strong></a> for cryptocurrency transactions. Though a lot of people don&rsquo;t fully understand what is the purpose of private keys. To put it simply, they are like a PIN you would use to access your credit card because the data they keep is only used to allow users to access their assets on the blockchain.</p>\n<p>There are various types and sizes of wallets for cryptocurrencies. Note that some wallets store various assets, while others focus on one (e.g. <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin). Also, there are two main types of crypto wallets &ndash; <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hot-wallet/">hot wallets</strong></a> (connected to the internet) and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-wallet/">cold wallets</strong></strong></a> (not connected to the internet) that are further subdivided into smaller types.</p>\n<p><strong>Hot wallets include:</strong></p>\n<ul>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-desktop-wallet/">Desktop wallets</strong></a> &ndash; installed on computers.</li>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-software-wallet/">Software wallets</strong></a> &ndash; based on the web, can be accessed from anywhere.</li>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mobile-wallet/">Mobile wallets</strong></a> &ndash; installed on phones.</li>\n</ul>\n<p><strong>Cold wallets include:</strong></p>\n<ul>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hardware-wallet/">Hardware wallets</strong></a> &ndash; physical devices that hold the private keys of cryptocurrencies.</li>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-paper-wallet/">Paper wallets</strong></a> &ndash; a printed piece of paper that contains private keys.</li>\n</ul>\n<p>Keep in mind that while hot wallets might be a little more convenient because they can be accessed from anywhere, cold wallets are more secure because they're not vulnerable to malicious attacks.</p>","level":"easy","meta_title":"What is Wallet? Definition & Meaning | Crypto Wiki","meta_description":"Wallet meaning: Wallet - a device, physical entity, program, or service on which private or public keys are stored.","meta_keywords":null,"language":"en","created_at":"2022-04-04T05:59:08.000000Z","updated_at":"2022-10-11T08:57:31.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-wallet"},"currentChapter":"W","currentSection":"what-is-watchlist","chapterTitle":"W","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-watchlist","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter W

What is Watchlist?

Watchlist MEANING:
Watchlist - a feature of the website that allows users to establish their own cryptocurrency lists.
Easy
1 minute

Let's find out Watchlist meaning, definition in crypto, what is Watchlist, and all other detailed facts.

Users can create their own lists of cryptocurrencies to track using the website's watchlist feature. In other words, a watchlist is a collection of pages that a user has chosen to keep an eye on for changes. Tracking cryptocurrencies is essential to determine how big a certain digital asset is which helps to make smarter investment decisions. Therefore, it’s really convenient to use watchlists to have information about all cryptocurrencies that interest you in one place.