YOUR CRYPTOCURRENCIES ARE NOT IN YOUR WALLET

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Yes! You might be thinking your Binance Web3 wallet is keeping your crypto, it's not there dear! Your Cryptocurrency is 'Floating on the Blockchain'.

What your wallet keeps is your Public and Private Keys.

When you purchase Bitcoin (#BTC), what do you actually own? BTC? No! You own a public key and a private key on the Bitcoin blockchain on Web3.

Think of the public key as something like your bank account number, which you can share it with anybody, but it doesn’t provide access to your money.

The private key is like a password to your bank account which you don’t share with anyone, or they could steal all your money.

If you lose your private key, you could lose access to your crypto. Likewise, if a person holds your private key has full access to the crypto. Keeping your private keys secure in a crypto wallet is essential.

Coins and tokens are part of a blockchain system in the form of data, and the wallets serve as a means to access them. $BTC

Now you know, your wallet doesn't keep your crypto! It only keeps some code of your Public and Private Keys.