Do you have any idea what crypto wallets are? CNET’s video producer Richard Peterson explains these digital wallets, which soon will become everyday reality. When you buy bitcoins, they get stored in crypto wallets, each of which is secured by a private key or a long password. It is advisable that you save your cryptocurrencies in the exchange account where you ordered them. Much like GPay or Amazon Wallet, these exchanges safely secure your password. The catch is, you will not have access to the private key and have to depend on the exchanges for safekeeping. You can also save your bitcoins in financial apps like PayPal. More digital wallets will have these options as days go by. Learn more from the video.
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