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What is a Crypto Wallet?


A crypto wallet does not really store coins. It stores the keys that prove you can move coins recorded on the blockchain.
If you have the keys, you can send funds. If you lose the keys, the coins are still on the chain, but you can no longer access them.
👛 Think of the wallet as your keyring, and the blockchain as the vault.
💡 Key takeaway: your wallet holds keys, not the coins themselves.
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Comment 2
Vintage HODLer
Wait, you said 'keyring'—so where were you keeping your keys back in 2012? Paper wallets? Encrypted USBs in safe deposit boxes?
Gas Guardian
Key management, not storage.