l FAQ: Wallet Archives - CryptoCurrency Complete Guide

FAQ Category: Wallet

Where is cryptocurrency stored?

Despite the common misconception, currency is not stored in cryptocurrency wallets. Cryptocurrencies are stored in blockchain account ledgers. Most ledgers are public (anyone can view them), but some are private. The ledgers are...

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Are cryptocurrency wallets safe?

The safety of cryptocurrency wallets is dependent on many factors, but the most important factors are the wallet type that is chosen, and how well the wallet user follows standard security precautions for that particular wallet....

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How cryptocurrency wallets work

Contrary to the common expectations, cryptocurrency wallets don’t store cryptocurrency. Instead, these digital wallets store only the owner’s secret codes (private and public keys) which are used to unlock their currency so that...

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