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Hierarchical Deterministic (HD) wallet
Hierarchical Deterministic (HD) wallet
An HD wallet allows you to interact with your funds without giving up control of your recovery phrase or private keys. Examples: Coinomi, Ledger, Exodus, Jaxx, etc. Examples of platforms that are not HD wallets where you do not control your funds: Coinbase, Binance, Charles Schwab, Chase Bank, etc.