Emanuele
Tue Jun 11 2024
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6 answers
820
Is crypto wallet real money?
Could you please clarify for me if a crypto wallet truly holds real money? I've heard different opinions about this, and I'm trying to get a better understanding. When I deposit funds into a crypto wallet, does it mean I'm actually storing physical currency, or is it just a representation of value? Are the funds in my crypto wallet backed by any physical assets, or are they solely digital and dependent on the blockchain? I'd appreciate it if you could break this down for me in a straightforward manner. Thank you for your time.
