How does a crypto wallet work

image@newsletter.paragraph.com (image ) — Tue, 08 Nov 2022 11:48:31 GMT

Unlike a physical wallet holding coins and paper banknotes, a crypto wallet does not keep digital money. Then, what is a crypto wallet for and how does it work? Indeed, a crypto wallet has nothing to do with storing cryptocurrency as such. It is used to store the keys to that currency. Coins are held on the blockchain. Now let's talk about it in order.