Community post
how does work a cryptocurrency wallet work?
Cryptocurrency itself is not actually “stored” in a wallet. Instead, a private key (secure digital code known only to you and your wallet) is stored that shows ownership of a public key (a public digital code connected to a certain amount of currency). So your wallet stores your private and public keys, allows you to send and receive coins, and also acts as a personal ledger of transactions.
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For future viewers: price of bitcoin at the moment of posting is 8865.10USD
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