First of all, we must understand what cryptocurrencies are, then we would definitely understand the importance of choosing the right cryptocurrency wallet for the cryptocurrency you are holding. Cryptocurrencies are the digital currency which can be sent or received, without the intervention of any third parties, through the advanced blockchain technology, with the help of a wallet address, which stores your private and public keys.More and more cryptocurrencies are evolving with a specific set of uses, and so are the wallets, but there are wallets which can store multiple cryptocurrencies, also.