Still, you might be surprised to know that cryptocurrencies are not actually “stored” in a cryptocurrency wallet, or really anywhere. Now that we know what a cryptocurrency wallet is and isn’t, let’s dig a little deeper and understand how it functions. Private keys: Your gateway to owning cryptocurrency As mentioned previously, the only thing you need to hold and prove a cryptocurrency balance is a private key. Asset support: It goes without saying that the cryptocurrency wallet you choose should support the token you’re about to deposit. Selecting the right cryptocurrency wallet for your needs may very well be the most important decision you make while starting out.

Source: The Nation August 13, 2021 18:33 UTC