Do i need a wallet for each cryptocurrency

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They serve as an ro wallets that you can access. If you want to use wallet and a cold wallet your digital wallet will increase, to secure their funds.

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Crypto wallets explained
So, if you want to store BTC, Ethereum, and Litecoin, you would only need to use one wallet. Here are some other benefits of using a multicurrency wallet. Technically yes. You need different a different wallet for different cryptocurrences. Bitcoin wallet for your BTC, an Ethereum wallet for your ETH, and a. If you're interested in using a variety of cryptocurrencies, the good news is, you don't need to set up a separate wallet for each currency.