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Wallets are applications on top of accounts, so called smart contracts, which manage your Ether. There are simple savings wallets or multisignature wallets.

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Receiving payments from my clients on a website, and when each user is given his own address

Adding to lullis's answer, in case of ERC20 tokens it's actually 3 transfers just to collect the payment. You'd need to (1) fund the user's wallet with ETH, (3) transfer tokens to your actual wallet a …
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