Security is important when it comes to your cryptocurrency.Cryptocurrencies, like Bitcoin, are stored in digital wallets. A Bitcoin wallet is a secure place to store your Bitcoin. The wallet communicates with the Bitcoin blockchain in order to tell it when you want to send and receive transactions. So while the blockchain is the information layer that stores transactional information, the wallet is like your ‘digital safe’.
When you create a Bitcoin wallet, a unique, randomly selected 256-bit-long number is generated and assigned to your wallet. The private key acts as a ‘key’ to unlock the Bitcoin in your wallet so it can be sent to another Bitcoin address.Managing your private keys is an important part of keeping your account safe. Cryptocurrencies use cryptography to secure access.works like a post box .