What is a cryptocurrency wallet? Its a digital place to store your crypto. It enables you to send and receive your cryptocurrencies, and monitor your balance. Crypto Wallets don’t actually “store” your crypto, as crypto does not exist in a physical form, instead it stores the records of transactions that exist in the blockchain. With your wallet address, you will receive two sets of keys: public and private keys.
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While many people are still skeptical about the safety of cryptocurrency, it is important to remember that it is built on top of failsafe technology, blockchain. Blockchain records all transactions (anonymously) and this record cannot be altered or tampered with. This takes away the risk of fraud and identity theft, as can be experienced with fiat currency and credit cards.
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