How "Storing" Cryptocurrency Works- Crypto Whiteboard 101

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!

As always, nothing is financial advice, all opinions are my own, and thanks for stopping by!

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The Part Time Economist
The Part Time Economist

Hi everyone. I'm just a simple man trying to make my way in the universe. I am passionate about cryptocurrency and hope that I can make at least some small contribution towards promoting wider crypto adoption and understanding.

The Part Time Economist
The Part Time Economist

Hi everyone. This is just a place for me to post some of my thoughts and analysis. I hope that someone finds them useful.

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