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If you're new to cryptocurrency, you might have heard that cryptocurrency is a type of "digital asset" that doesn't exist in physical form and should be stored in a cryptocurrency wallet. However, the term "wallet" can be a bit confusing in that even a cryptocurrency "wallet" doesn't actually store cryptocurrency at all and there is absolutely zero Bitcoin, Ethereum, or any other cryptocurrency actually stored "in" your cryptocurrency wallet. Rather, wallets are a way of storing public and private keys that allow you to access certain funds on the blockchain. If you're a bit confused, then this beginner tutorial is just for you! #crypto #bitcoin #blockchainbasics As always, nothing is financial advice, all opinions are my own, and thanks for stopping by!
By Part Time EconomistIf you're new to cryptocurrency, you might have heard that cryptocurrency is a type of "digital asset" that doesn't exist in physical form and should be stored in a cryptocurrency wallet. However, the term "wallet" can be a bit confusing in that even a cryptocurrency "wallet" doesn't actually store cryptocurrency at all and there is absolutely zero Bitcoin, Ethereum, or any other cryptocurrency actually stored "in" your cryptocurrency wallet. Rather, wallets are a way of storing public and private keys that allow you to access certain funds on the blockchain. If you're a bit confused, then this beginner tutorial is just for you! #crypto #bitcoin #blockchainbasics As always, nothing is financial advice, all opinions are my own, and thanks for stopping by!