B2BX Exchange / More about cryptocurrencies / What does “Cryptocurrency Wallet” mean?

What does “Cryptocurrency Wallet” mean?

Just like an old-fashioned purse or wallet or normal bank account, a cryptocurrency wallet is an online wallet which is used to store the cryptocurrency you own. It is from these digital wallets that the cryptocurrencies which would be used on the exchange are gotten from. It is this same wallet the profits from the exchange will be paid into. The cryptocurrency in the wallet is gotten through the exchange of fiat currency or transfer from the cryptocurrency exchange.