![]() If you lose them you lose all your funds and always remember that if you don’t own the private keys you down own the funds your wallet holds. The private keys is what gives access to the funds that’s stored on a public address. It is decentralized and you are the bank. While the Banks store your funds on their private ledger Cryptocurrencies store it in a distributed public ledger and that’s the beauty of crypto currencies. ![]() They are stored in a public encrypted digital ledger called Blockchain. Whatever the wallet type is first of all you have to understand that the crypto coins which you hold are not stored in your wallet. Also at the end of this article we’ll add some security tips to follow if you are holding your funds in core wallet. This guide covers wallet setup, wallet backup, encrypting wallet, exporting private keys, syncing, staking, debug window and much more. Here comes the ultimate beginners guide to core wallet. While there are several different types of wallet for Crypto currencies it is very essential that you first understand the basics of core wallet. However we’ve not explained in depth features of a Cryptocurrency wallet. We covered how to setup a wallet, creating an address, how to send and receive coins from your wallet. So far since the beginning of Coin Guides launch we’ve posted several wallet setup guides for beginners.
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