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Can I still have a local crypto wallet on my hard disk that contains my bitcoins and transfer coins to it from exchanges or when people pay me?
by jonathanstrange 4y ago
Can I still have a local crypto wallet on my hard disk that contains my bitcoins and transfer coins to it from exchanges or when people pay me?
- jimpudar 4y agoThe short answer is yes, but your question implies a fundamental misunderstanding of Bitcoin and blockchains. The coins do not exist "in your wallet" - the wallet just holds your keys that prove you own some of the coins visible to everybody on the public blockchain. If you want a really great learning aid, search for "Island of Yap Blockchain" and read any of the million articles about it.
- lupire 4y agoYes, and a dollar bill in my pocket isn't money, just a taxpaying scrip that can be used as an IOU with people who are interested in taxpaying scrip.