Where is cryptocurrency stored?

Cryptocurrency can be stored in online exchanges, such as Coinbase and PayPal, or cryptocurrency owners can store their crypto cash on hardware wallets. Trezor and Ledger are examples of companies that sell these small devices to securely store crypto tokens.

How to store crypto?

You can either store crypto yourself or have a crypto trading platform store it for you. However, the process for both parties is the same. Crypto wallets are the pathway to your crypto. This digital wallet has public and private keys you can use to access and exchange funds with other crypto users.

Is crypto currency stored in a hardware wallet?

As we’ve just mentioned, cryptographic currency is never stored in a hardware wallet. The only storage applications such hardware wallets provide is safeguarded storage of your private keys. This can be a stubborn concept for some to wrap their head around.

How do I buy crypto?

You can purchase crypto through a cryptocurrency exchange or any financial institution that can broker a cryptocurrency transaction. Once you purchase cryptocurrency, you can secure your crypto coins in a digital wallet, online wallet, or hardware wallet. What are the risks of investing in crypto?