# Accounts

Blockchain transactions are managed in Ripple Custody with accounts, which work in the same way as any wallet interacting with a blockchain.

Ripple Custody accounts:

- Store coins and other tokens.
- Track transfers of coins and tokens to and from the blockchain and other accounts.


There are several types of accounts available in Ripple Custody:

- Multi-ledger accounts: The standard account type that can perform transactions on all compatible ledgers or a selection of ledgers of your choice.
- Single-ledger accounts: Accounts that perform transactions only on a single ledger.


By default, any accounts you create in Ripple Custody can interact with all compatible blockchain ledgers.

## Ledger compatibility

Ripple Custody determines the ledgers that are compatible with the account based on the following factors:

- The key derivation strategy you choose.
- The key derivation capabilities of your key management system (KMS).


For more information, see [Key derivation](/products/custody/v1.19/overview/blockchain/accounts/key-derivation).